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To: Joe Copia who wrote (71830)	11/21/2000 12:16:43 PM
From: Joe Copia	Respond to of 150070

Overlooked news? XRMD files 10q and retires 10 mil shares. (COMTEX) B: XRAYMEDIA COM INC - Files 10-QSB; Cancels 10,000,000 Shar B: XRAYMEDIA COM INC - Files 10-QSB; Cancels 10,000,000 Shares - Issued To Laurier Limited New York, New York, Nov. 21, 2000 (Market News Publishing via COMTEX) -- XRAYMEDIA.COM INC. is pleased to announce that it has retained the services of the Newport Beach, California law firm of Stepp & Beauchamp LLP, which is providing legal services to the company in connection with certain securities matters. On or about August 4, 1999, we issued 10,000,000 shares of our common stock to Laurier Limited to acquire a license for certain computer software related to our auction website. Because we never received the computer software from Laurier Limited, our management has decided to cancel those 10,000,000 shares of our common stock. XRAYMEDIA.COM INC., President & C.E.O., Raymond C. Dabney states, "Conversations, presentations and representations were held by third parties entities regarding this software, the bottom line is that the software was never delivered. These 10 million shares were to be compensation for the company receiving its software. Instead, we had to resort to developing other auction software in-house, which adversely affected not only our speed to market, but also our image in the investors' eyes. Since then, we are living up to our promise in developing our own auction software and pursuing our business model as previously laid out. We believe this course of action is in the best interests of our shareholders." XRAYMEDIA.COM Media Director, Meir D. Kahtan comments, "Having cleared these past encumbrances, the company is in a much stronger position to move forward with its vision for one-stop media services." You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about XRAYMEDIA.COM INC., please refer to its Form 10-ksb filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov.