NextPath To Acquire Assets of LewisCorporation.

Business Editors

TULSA, Okla.--(BUSINESS WIRE)--July 19, 2000

NextPath Technologies, Inc. (OTC BB:NPTK), announced today it has reached agreement to acquire certain assets of Lewis Corporation, a privately-held, 15-year old diversified and international construction services

The Lewis assets will be transferred to NextPath Environmental Services, Inc. (NESI), and become part of NextPath's Environmental Technologies Group. Terms of the agreement were not disclosed.

Lewis has developed proprietary systems for: 1) oil and water separation, 2) water purification, 3) fuel savings and reduction of harmful emissions from internal combustion engines, and 4) removal of hydrocarbons from sludge and soil and other environmental cleanups.

NESI will become NextPath's general contractor for constructing and equipping NextPath Agro-Economics Systems, Inc. (AES), waste-to-energy, and environmental clean-up facilities. The company will also manufacture and install waste-to-energy, electro-mechanical, and water and waste management systems worldwide.

Included in the acquisition is Lewis' 100,000 plus square foot engineering and fabrication facility in Pocatello, ID.

"This acquisition will enhance NextPath's Business Plan for our Environmental Technologies Group," said David A. Nuttle, Chairman of NextPath. "And Richard and Kary Lewis add notable depth and expertise to our management team."

"The synergy between NextPath's environmental vision and plans, and Lewis' proven deliverables make this an excellent marriage," said Richard Lewis, President of Lewis Corporation.

Richard G. Lewis has eighteen years of experience in accounting, financial reporting, business administration and management, mechanical contracting and fabrication, sales and marketing, and contract negotiations both domestically and internationally. He was formerly employed as a CPA for Arthur Anderson Co., as Vice President of Finance for D.B. Western, Inc. Richard graduated from Brigham Young University with Bachelors and Masters degrees in accounting. He will serve as President of NextPath Environmental Services, Inc.

Kary J. Lewis was formerly a tax partner for Deloitte & Touche LLP. He specialized in international tax and business consulting. In his twelve years at Deloitte & Touche, he assisted large multinational companies with international mergers and acquisitions, developed tax planning strategies and structures to minimize worldwide taxes and evaluated business opportunities for international expansion. He joined Lewis Corporation in February 1997, and is responsible for international business development, finance, accounting and tax matters. He is a CPA and graduated from Brigham Young University with a Bachelors degree in accounting and a Masters degree in taxation. He will serve as Vice President of Finance of NextPath Environmental Services, Inc.

NextPath is a development-stage holding company that engages in acquisitions, joint ventures and other strategic alliances that it believes will enable it and its subsidiaries to become significant participants in a number of rapidly expanding technology market sectors.

Certain statements in this news release may constitute "forward looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.

The website for Lewis Corporation is: www.lcorp.com. Additional information on NextPath can be found at: www.stockir.com/nptk/.