Worldwide Equipment Corp. Signs Letter of Intent ToPurchase e-Possibility.com, Inc.; Board of...

Business Editors

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--March 29, 2000

Worldwide Equipment Corp. (OTCBB:WWDE) today announced the signing of a letter of intent to purchase 100% of the issued and outstanding stock of e-Possibility.com, Inc. from its shareholders in exchange for

e-Possibility.com Inc. is an incubator of Internet Business Opportunities which has created automation technology that applies to its e-commerce solutions as well as its Business Models and Vertical Market Portals.

"This is an important stage of development for e-Possibility.com, Inc. (www.e-possibility,com)," said Thomas DiStefano, chairman and CEO of e-Possibility.com, Inc. "This merger introduces our business model and incubator properties to the capital markets. We plan on launching our finance, insurance and real estate vortels with joint venture partners during the 2nd quarter of 2000.

"During the summer of 2000, the prototype and launch of STICKY WEB will be presented by our affiliated company. The Perfect Web Corp. STICKY WEB is a revolutionary and patent pending website authoring solution. We believe that e-Possibility will carve out an international market for automated web design and development," Chairman DiStefano said.

The closing date of the transaction is anticipated to be in the 2nd quarter of 2000.

Worldwide Equipment Corp. owns a minority interest in ARO of America, Inc., a privately held company. ARO of America, Inc. owns 100% of Best Rate International, Inc., (www.bestratenow.com), a master distributor of Freewwweb, a free Internet Service Provider. There are approximately 600,000 current users of Freewwweb in the United States and Canada.

The board of directors is recommending, subject to shareholder approval, a 1-for-35 reverse stock split and an increase in the amount of authorized shares from 2.8 million to 100 million (post split) to facilitate the transaction contemplated by the letter of intent.

"We are trying to maximize shareholder value and are confident that the restructuring of the company will be of benefit to Worldwide Equipment Corp. shareholders," stated Mitchell Hymowitz, president of Worldwide Equipment Corp., pointing out that the present transaction, besides requiring shareholders' approval for the reverse stock split and increased shares, requires the execution of a definitive agreement and due diligence before becoming effective.

The company also said it will use its best efforts to file its Form 10 to continue to maintain its stock listing on the OTC/BB.

"Safe Harbor" Statement

Except for the historical information contained herein, certain of the matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, which involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices, labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations.