News Release.

Lexington, Ky.---News Release---06-01-2002

Internet Inc.
1509 Clarksdale Ct.
Lexington, Ky 40505
Phone (859-294-0348) 1-800-603-2102 E-MAIL dickhack@insightbb.com
www.internet-inc.org

Intro: Internet Inc. is the proud owner of approximately 350 major city/state domains, More Properly Called
PORTAL BILLBOARDS..This is over ¾ of the USA Population. Such as atlantaga.org, , chicagoil.org, losangelesca.org, lexingtonky.org, miamifl.org, newyorkny.org, etc. We sell local banners to local merchants so they can be found on the Internet in their own city/state. We also design and build new web sites for the ones that do not have their own web site. We market throughout the continental United States, Hawaii and Bahamas to promote local merchants to their local customers. In the 1990's Boom years these cities did 85% of the GDP.

History: Internet Inc. is a division of Bluegrass Ventures, Inc. a 31 year old company in Lexington, Kentucky
Internet Inc. was developed in November 1998. We spent the first 4 year’s strictly securing the domains and researching the Internet market with our ideas.

Products: A Banner link from the merchants City PORTAL BILLBOARD to the Merchants Web Page. Internet advertising banners and the design of web site/page development for the local merchants.

Needs: This product brings local customers to local merchants via advertising on the World Wide Web. Our customers do not have to advertise their web site, WE DO IT.

The market/Competition: The market is wide open and our position is that we own 95% of the large city/state domains in the U.S.A. Every Business listed in the Yellow Pages need our Internet service.
As to our knowledge there is no competition.

Company’s uniqueness: Each of our Cities have their own Separate PORTAL BILLBOARD. We are unique because we are working from the ground up, instead of top down. We help people to advertise locally and to shop locally. Everyone loves to find some one locally on that big WWW, the {Wild World of Wonder}. I wonder when I will find it? This is why most of the Internet users spend 75% of their time SEARCHING.

Pricing: Our pricing speaks for itself. We price our services toward the small town Mom and Pop business owners. By keeping pricing at a minimum.

List of principal and key members of management team/description of strengths:
Richard [Dick] Hacker Owner and operator of Three Companies. 13 years with IBM. 7 years Bell & Howell
as sales manager of the southeastern region. 10 years selling Radio Shack Franchises in the southeastern 1/4 of USA.

Resource team list: attorneys, strategic partners, consultants, accountants, bankers:
Attorney: Fred Irtz,
Accountants: CPA/ Stivers & Associates:. Jim Webster,
Banker/Bank One: Cedric Jenkins
Consultants/ Engineer: Bob Callahan, Nathan Ward