To: BlueCheap who wrote (280 ) 3/30/2001 1:01:21 PM From: CIMA Respond to of 295 Pacific Northwest Capital Inc. Corporate Update LITTLETON, Colo., Mar 30, 2001 (BUSINESS WIRE) -- Pacific Northwest Capital (OTCBB:PNWC) is pleased to provide the following corporate update to shareholders: The administrative office of Pacific Northwest Capital Inc. has moved to Littleton, Colorado, where the officers and directors of the company are Dan Silva as President and Joe McFarland as CEO. The company is in negotiations with several marketing and distribution companies for the sales of the PB&J product line. Further information is available at www.PBJInc.net. No further investment is planned for the web site properties www.hollywoodmall.com or www.pacificnorthwestmall.com. Management is currently pursuing agreements whereby operation of those sites would either be run by third parties through revenue-sharing agreements, sold back to the creators as payment for debt associated with their development or they will be put up for sale. PNWC continues to hold an investment equalling 300,000 shares (2.7%) equity investment in Multiplex Raceway System Inc. which currently has a patent pending for its Optical Access System. PNWC will consider options going forward once final patent approval is achieved. Further information is available at www.mrs-oas.com. The company is currently completing its annual audit and will be filing forms 10K and 10Q in a timely manner. In addition, the company is currently assessing new business opportunities associated with the PB&J product line. This press release may contain forward-looking statements regarding PNW Capital Inc. and its future sales-related activities. Actual results could differ materially from those described or implied in this press release as a result of a number of factors. These include, but are not limited to, the future growth of these markets, any adverse actions by the company's partners, competitive products, other economic factors affecting the company's markets, the degree of acceptance that new products achieve, and seasonal changes. CONTACT: PNW Capital Inc., Littleton, Colo. Dan Silva, 303/412-2469 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2001 Business Wire. All rights reserved.