To: Jim Bishop who wrote (54814 ) 7/17/2000 9:18:24 AM From: Joe Copia Respond to of 150070 SBID news: Company Press Release SOURCE:SBI Communications, Inc. SBI to Set Special Meeting of Board of Directors to Address Number of Issues GLENDALE, Calif., July 17 /PRNewswire/ -- SBI Communications, Inc. (OTC Bulletin Board: SBID), Ron Foster, chairman, president and chief executive officer of SBI Communications, Inc. announced today a special board of directors meeting to be held Thursday of this week for the board of directors to consider the following business. (1) to discuss and vote, pertaining to a forward split of the company common stock and set a shareholder of record date, (2) to discuss the possible acquisition and or consolidation of a larger company, (3) to aggressively seek other avenues to expand the company's marketing agreement with Iceberg Industries Corporation. (Info on Iceberg at icebergindustries.com ). According to the World Bank statement in its last year's end report, the number one priority in the world was the fresh water supply. "This has created a new avenue of revenues for the company. We are very excited and aggressively seeking other opportunities in the water business," Foster said. Dawn of a New Ice Age. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the company to successfully commercialize its new technologies as well as risk factors set forth under "Factors Affecting Future Operating Results" in the company's annual report on Form 10-K and such other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Contact investor relations: Ron Foster, 818-550-6181 Contact: Investor Relations, Ron Foster of SBI Communications, Inc. 818-550-6181