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To: Rob-Art who wrote (58124)	8/4/2000 6:45:15 PM
From: Rob-Art	Respond to of 150070

MERGER NEWS!!! Shopss.com Board of Director Approves Acquisition of AccessTel NEW YORK--(BUSINESS WIRE)--Aug. 4, 2000--Shopss.com Inc. (OTC BB:SHPS) today announced that its board of directors approved the acquisition of AccessTel in a shares exchange agreement calling for Shopps.com to issue 15,591,480 shares of common stock in exchange for all the issued and outstanding shares of AccessTel providing for a post acquisition market capitalization of 20,788,640 shares of common stock. According to the shares exchange agreement, Lawrence Liang will replace Jerry Conca as CEO, assisted by Stuart Buckler as CFO. Additional appointments of company officers and directors will be announced shortly. The new board elected to change the name of the company from Shopss.com to AccessTel to more clearly reflect its image as a wireless and VoIP provider. Liang commented, ``We intend to lose no time in implementing our business plan and complete other acquisitions as scheduled.'' He added, ``Over the coming weeks, several announcements concerning our strategic alliances, financing and other significant developments, including the launch of our Web site, will be made.'' About AccessTel AccessTel was founded in February 1999 by three shareholders with a vision: Dr. William C.Y. Lee, a wireless communications expert; Liang, a high-tech company executive; and Stuart Bockler, a renowned equity analyst. AccessTel, through joint ventures and acquisitions, is poised to begin supplying broadband wireless, VoIP and utility meter reading over a wireless and wired broadband network. These services will be provided primarily in China and the Western United States from AccessTel's base in San Jose, Calif. The wireless network and wireless local loop (WLL) services will provide rapid deployment of phone, fax, high-speed data, video and fixed ISP connection. In addition to deploying the latest broadband wireless strategies and telecom solutions, AccessTel plans to develop 3G Wireless Global Roaming Technologies, in its own laboratory, under the guidance of Lee. The company's business plan has attracted major strategic alliances to help it achieve its business goals in a timely and effective manner. Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. Contact: Worldwide Corporate Finance Sy Mitzner, 818/783-0054