INFe.com Plans IPO For Subsidiary

IT*CareerNET Seeking To Raise $25 Million

Tysons Corner, Virginia November 2, 1999 - - INFe.com (OTC-BB-INFE), an E-Commerce and Internet consulting company, today announced that it is planning to spin off its IT*CareerNET division and raise $25 million through an Initial Public Offering that would make the IT*CareerNET a separate public company. IT*CareerNET plans on reaching revenues of $100 million through a series of strategic acquisitions. INFe.com will retain a large equity ownership in IT*CareerNET.

The IT*CareerNET is a revenue producing company and now is the time to take it out of its incubator, find it a professional management team, turn it over to the public and watch it grow, said Thomas Richfield, President and Chief Executive Officer of INFe.com. We are really excited about this Internet-based technology recruiting and staffing company. We believe it is unique in operation and provides a total Internet recruiting solution to our clients and a total Internet career site for our technology professionals.

IT*CareerNET is a portal site for technology companies and job seekers to find each other. The site offers recruiting services, career services and Internet Affinity programs aimed at its audience. You can perform technology skills evaluations, take a skills test, get certified and educated all at one site through links to affinity groups selected by IT*CareerNET for their quality of products.

You can also hire your own personal career planner through the IT*CareerNETs Professional Placement Service, ICN-PPS. This service includes the hiring of a Personal Career Advisor trained by ITCN who becomes your own personal career planner. PCAs perform a ninety-day intensive Internet-based job search for ITCN-PPS enrolled members. The program cost is $300.00 and includes a full year membership in the IT*CareerNET.

cheap hotels in WindermereOther services provided by IT*CareerNET include the purchase computer products, hotel, travel and flight reservations, car rentals and the like through its Travelocity, Inc. affiliation. Many additional personal services are in the planning stages by the company.

For more information on IT*CareerNET, call 703.734.5650 or visit www.itcareernet.com. For more on INFe.com visit their web site at www.infe.com.

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(Legal Notice Regarding Forward-Looking Statement)

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