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To: Duke-N-Duke who wrote (669)	8/12/2000 4:12:14 PM
From: Duke-N-Duke	Respond to of 1116

Law Offices of Lionel Z. Glancy Commences Class Action Lawsuit Against Xcelera.com, Inc. LOS ANGELES--(BUSINESS WIRE)--Aug. 11, 2000--Notice is hereby given that a class action lawsuit has been commenced in the United States District Court for the District of Connecticut asserting claims on behalf of all purchasers of the common stock of Xcelera.com, Inc., (AMEX:XLA.A) between April 1, 1999 and July 31, 2000 (the "Class Period"). The complaint alleges that in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, Xcelera, an Internet holding company, and certain of its senior executives, undertook to drive up the price of Xcelera's stock in a scheme to sell part of the Company and dump $200 million of artificially inflated stock on the unsuspecting public. Specifically, in March 2000, when the Company's stock price had been artificially run up by 80,000%, defendants struck a deal to sell a portion of its principal subsidiary, Mirror Image, without disclosing that as a result of the sale, Xcelera's U.S. investors would be subject to special taxing provisions transferring the tax burden on the gain directly to Xcelera's shareholders at a rate reported to be between $2 and $7 per share. Also undisclosed during the Class Period were certain disputes related to Xcelera's original acquisition of Mirror Image, resolution of which may result in Xcelera issuing 45 million new shares in the Company, thereby diluting existing shareholders by almost 45%. The complaint further alleges that after defendants accomplished their goal of selling part of the Company at an astronomically inflated value, defendants ceased supporting the artificially inflated price of the stock, and Xcelera's stock price plummeted from a 52-week high of $112.50 in March 2000 to approximately $11.75 today. During the Class Period, certain defendants sold more than $200 million in Xcelera stock at artificially inflated prices to the unsuspecting public. The lawsuit seeks to recover losses suffered by investors who purchased Xcelera stock during the ClassPeriod, excluding the defendants and their affiliates. Plaintiff is represented by the Law Offices of Lionel Z. Glancy, which specializes in complex litigation, including securities class actions. The Law Offices of Lionel Z. Glancy has repeatedly demonstrated its expertise in this field and has been recognized by various courts which have appointed the firm to major positions in consolidated and multi-district litigation. If you are a member of the class described above, you may, not later than 60 days from August 11, 2000, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements, as set out pursuant to the Private Securities Litigation Reform Act of 1995. If you wish to discuss this action, or have any questions concerning this notice or your rights, contact Tracy L. Thrower, Esq., Law Offices of Lionel Z. Glancy, 1801 Avenue of the Stars, Suite 311, Los Angeles, CA 90067, by telephone at 310/201-9150 or 888/773-9224 (toll-free), or send a fax to 310/201-9160, or by e-mail to info@glancylaw.com. --30--JC/la* MK/la CONTACT: Law Offices of Lionel Z. Glancy, Los Angeles Lionel Z. Glancy, 310/201-9150 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: LEGAL/LAW CLASS ACTION LAWSUITS