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To: Rctrader2 who wrote (81928)	3/15/2001 10:44:54 AM
From: Patricia Meaney	Read Replies (1) \| Respond to of 150070

SKGV - NEWS! SkyGivers Signs Agreement to Merge with IMOJO Inc. Business Editors & High-Tech Writers PENN YAN, N.Y.--(BUSINESS WIRE)--March 15, 2001--SkyGivers Inc. (OTCBB:SKGV) today announced that it has signed an agreement to merge with IMOJO Inc., a privately held Delaware corporation, in a stock-for-stock merger. IMOJO Inc. is presently a group of five technology companies targeting deficiencies in multiple marketplaces. Completion of the merger is subject to IMOJO's due diligence. As a result of the merger, IMOJO's shareholders will control approximately 68% of the outstanding Common Stock of SkyGivers and, through the exercise of warrants, can presently purchase up to approximately an additional 12% of the outstanding common stock for a period of up to five years, for a purchase price of $15 million. Upon the closing of the merger, SkyGivers will change its business model to that of IMOJO's. Subsequent to the completion of the merger SkyGiver's name will be changed to that of IMOJO's. Also upon completion, Carol Fitzgerald will resign as CEO and director of SkyGivers. Kathleen Tyler, the CFO of SkyGivers, was terminated effective March 1, 2001. Contact Information: SkyGivers Inc. 165 Main St., Penn Yan, NY 14527, Attn: Carol Fitzgerald, Phone 315/536-9967 Fax: 315/536-9985 E-mail contact: Carol@SkyGivers.com The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information in this press release (as well as information included in oral statements or other written statements made or to be made by the Company) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Internet industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. --30--MJB/ho* CONTACT: SkyGivers Inc., Penn Yan Carol Fitzgerald, 315/536-9967 Fax: 315/536-9985 E-mail: Carol@SkyGivers.com KEYWORD: NEW YORK DELAWARE INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET TELECOMMUNICATIONS MANAGEMENT CHANGES MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Mar-15-2001 15:35 GMT Symbols: US;SKGV Source BW Business Wire Categories: MST/R/US/NY MST/R/US/DE MST/I/NET MST/I/TEL MST/S/PER MST/S/MRG