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To: Patricia Meaney who wrote (68717)	10/27/2000 11:13:05 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

Anyone know if these electric beads are really at hot item?? iVG Subsidiary GeeWhizUSA and HotBeads(TM) to Merge HOUSTON, Oct. 25 /PRNewswire/ -- iVG / iVGcorp (OTC Bulletin Board: ITVI - news), www.ivgcorp.com, announced today that its subsidiary GeewhizUSA.com, www.geewhizusa.com, and WTMG, LLC which operates HotBeads.com, www.hotbeads.com, will finalize their LOI as a merger of interests. Terms to be disclosed immediately upon closing. WTMG, LLC has produced the highly successful product HotBeads(TM) (www.hotbeads.com), a line of attractively designed unisex necklaces featuring reusable battery operated pulsating LED lighted beads. This unique, patent pending, upscale invention for the party market is designed for interactive nighttime events including festivals, shows and other events where guests are directly involved. HotBeads(TM) can be fully customized with corporate or product logos and colors. Major successes include HotBeads(TM) as the featured merchandise on the US tour of rock group Santana and introduction into the Smithsonian as one of the unique novelty products of the Republican National Convention 2000. The newly merged entity will retain the GeeWhiz name and HotBeads(TM) will become a product line of GeeWhiz. The two companies will act as one co-branding each others products and GeeWhizUSA will introduce and showcase HotBeads(TM) on its site www.geewhizusa.com GeeWhizUSA.com is creating the first centralized B2B e-commerce marketplace for the highly fragmented $34 billion promotional products and specialty gifts industry and brings together the world's customers, distributors, merchandisers, concessionaires and resellers to meet and transact on-line. iVG (www.ivgcorp.com), is an e-commerce development and holding company. The company identifies, acquires and develops early stage revenue generating businesses and provides its shareholders with a one stock investment in a diversified basket of early stage revenue generating CAM (``click and mortar''), B2B and B2C e-commerce companies while providing portfolio companies access to the publicly traded securities of iVG. iVG assists its portfolio companies to leverage their core businesses by providing access to e-commerce enabling technologies, Internet management and financial guidance, business model creation and implementation, access to equity sources; and create long-term value in iVG securities through the ownership and appreciation of stock in profitable e-commerce portfolio companies that are developed, operated and positioned for initial public offerings by iVG. The company is headquartered in Houston, TX. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical facts, including statements about plans and expectations regarding businesses and opportunities, demand and acceptance of new and existing businesses, capital resources, and future financial condition and results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause actual results in future periods to differ materially and adversely from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new businesses, loss of customers, competition, and other factors discussed from time to time in filings with the Securities and Exchange Commission. Investor Relations Contact: Richard Twardowski, Internet Venture Group 713-596-9313 phone, richard@ivgcorp.com SOURCE: Internet Venture Group, Inc.