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To: Rocket Red who wrote (520)	6/19/2002 8:01:34 AM
From: LORD ERNIE	Respond to of 526

CMEC the place to be: SALT LAKE CITY, June 18 /PRNewswire-FirstCall/ -- Commercial Concepts Inc. (OTC Bulletin Board: CMEC - News) will seek to generate a new revenue stream by licensing its patent-pending technologies to others, CEO George Richards announced, as CCI filed its form 10K to maintain its fully-reporting status with the SEC. Richards said the company has entered negotiations with a prospective licensee and expects to complete the discussions favorably in the foreseeable future. Meanwhile, CCI filed its form 10K on June 13, 15 days late, according to Executive VP Scott Adamson. "The 10K was filed late because we were unable to get the auditors started in a timely fashion," he said. "This late start delayed the entire process thus causing us to file for an extension. This did not affect our fully-reporting status with the SEC however." "We have sound technologies, with strong intellectual property rights," said Richards, "but that is only one leg of a three legged stool. "As most of our shareholders are aware, we had a strong funding commitment that would have financed the company through to profitability," Richards said. "The investor reneged, however, which left us without cash and scrambling. "We have instituted several cost-cutting measures including downsizing our office space and headcount reduction," he said. "Also, we have renegotiated with several of our debt holders and thereby removed some of the downward pressure on our stock. "That has allowed us to enter into negotiations with third parties for the wholesale licensing of our technologies. We are expecting to complete these negotiations within the next few weeks. We anticipate a long term agreement with a substantial down-payment and an ongoing royalty to CCI," Richards said. CCI's main technologies are PictureBase and WaveScreens. PictureBase is a patent pending imaging software that captures and stores a variety of images in databases that are accessible via Local Area Networks, Wide Area Networks and the Internet. The first application of this software, PictureBase Medical, has been installed at various beta test sites in the U.S. It captures and stores images from the operating room, permitting physicians and administrators to access and annotate the images during or after the procedure from any computer on the network or over the Internet. WaveScreens is a customized interactive screen saver that allows host organizations to disseminate information to their users while generating revenues through local, regional and national onscreen advertising. CCI envisions three distinct markets for WaveScreens; (1) non-profit organizations such as schools, charities, and community groups, (2) corporations that have large intra-company communication needs, and (3) commercial enterprises such as sports franchises, theme parks, fan clubs. "The key to CCI becoming viable will be the willingness of our employees and shareholders to be patient," said Richards. "Until now the key elements of both groups have been wonderful and as the management of CCI we ask for their continued indulgence." This news release contains forward-looking statements which are subject to risks and uncertainties detailed in the company's SEC filings, including the report on Form 10K for the fiscal year. These risks and uncertainties could cause actual results to differ materially from those expressed or implied in such forward-looking statements. SOURCE: Commercial Concepts Inc.

To: Rocket Red who wrote (520)	6/19/2002 3:58:43 PM
From: LORD ERNIE	Respond to of 526

***Sitestar Achieves CLEC Status*** 6/19/2002 8:31:00 AM SHERMAN OAKS, Calif., Jun 19, 2002 (BUSINESS WIRE) -- Sitestar Corporation (OTCBB:SYTE), a technology investment company, today announced that its wholly-owned ISP division has completed the application to become a competitive local exchange carrier, or CLEC. "Becoming a CLEC affords us new growth opportunities, which we can leverage through our Virginia and North Carolina markets," commented Clinton J. Sallee, president and CEO of Sitestar Corporation. "More importantly, our CLEC status will provide us a competitive edge in an evolving competitive landscape." Added Joseph Albanese, a member of the Sitestar management team and the leader of our CLEC efforts, "The telecommunications boom of the late '90s encouraged many companies to become CLECs. Our strategy has been quite different from the masses. Rather than spending heavily on facilities, and pursuing fast wealth, our goal is primarily to gain access to unbundled network elements, such as copper telephone lines and dark fiber, allowing us to provide a broader range of advanced services to our customers, while reaping significant savings." About Sitestar Sitestar is a publicly held investment company that acquires and invests in emerging technology-based enterprises. Its primary focus is the acquisition of small independent Internet Service Providers in the rural and secondary markets of the mid-Atlantic region of the United States. Sitestar's wholly owned subsidiaries provide narrow and broadband Internet access, electronic infrastructure development, Web-hosting and design services and other technology-related solutions to residential and business users. Sitestar's wholly owned subsidiaries include Sitestar.net, Sitestar Applied Technologies, Lynchburg.net, Computers By Design and Advanced Internet Services. Statements regarding financial matters in this news release other than historical facts are "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, the anticipated stock dividends and all other forward-looking statements, be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. CONTACT: Sitestar Corporation Clinton J. Sallee, 818/380-8180 csallee@sitestar.com