To: Rock_nj who wrote (1 ) 10/22/2001 4:13:48 PM From: Ben Wa Respond to of 40 -- Ubrandit.com Receives Delisting Notice from American Stock Exchange -- Business Editors and High-Tech Writers SALT LAKE CITY--(BUSINESS WIRE)--Oct. 22, 2001--Ubrandit.com(TM) (AMEX:UBI) announced that it has received notice from the American Stock Exchange staff that the company falls outside AMEX's continued listing guidelines. The company has filed a notice of appeal and will schedule a hearing to address the AMEX's concerns. The notice raises the following: Under ss. 1003 (f)(v), the company's stock price of 3 cents per share at Oct. 10, 2001; Under ss.ss. 1002 (b) and 1003 (a)(iv), whether current operating results and financial condition are impaired and whether the company will be able to continue operations; Under ss.ss. 132(e), 921, 1002 (d)(e), 1003 (d) and 1101, clarification or confirmation of information the AMEX may require, including business plans, timely or confirmed disclosure of important corporate developments and changes in officers or directors. According to President Rod Ylst, "The company intends to appeal the AMEX staff ruling. The company continues to develop cutting edge technology and aggressively seeks licensing agreements and equity funding from domestic and international sources for its technology and growth plans." Ubrandit.com provides co-branded Internet content, ISP applications and other revenue-producing applications to businesses and media groups. In addition, the company, through its subsidiary, Mindtronics Corp., does leading edge technology development and licensing that specializes in hardware, software and product design for a variety of high tech applications, including text, audio, video and still image compression search and storage. This press release contains certain forward looking statements regarding the future plans and expected performance based on assumptions the company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the timeliness of development activities as well as other risk factors described from time to time by company documents and reports filed with the Securities and Exchange Commission.