Nova's BuyMicro First Internet Business with Exclusivity to Launch Cashable Voucher Program.

Business Editors/Technology Writers

TORRANCE, Calif.--(BUSINESS WIRE)--June 4, 2002

Nova Communications Ltd., (OTCBB:NCVM), today announced the launch by its subsidiary companies BuyMicro and eStoreFinance of the Cashable Voucher Promotional Program. BuyMicro and eStoreFinance

have received exclusive rights to market the Cashable Voucher program over the Internet by The Consumer's Trust, which also issues and manages the cashable vouchers. Cashable Vouchers are insured for $1.5 million per claim by Queen's British Empire, an A+ rated insurance company.

Designed to stimulate equipment financing through eStoreFinance, the promotion features an offer of a $20,000 Cashable Voucher, which is given at no additional cost to the customer, when the customer finances $50,000 in business equipment. The Cashable Voucher is redeemable after approximately 36 months, drastically reducing the overall cost of the equipment.

The Cashable Voucher has the flexibility to be used in many types of promotions. Cashable Vouchers can be offered in any amount up to $20,000, and offered with any type equipment the customer is seeking to finance.

eStoreFinance is the first company in its industry to offer the Cashable Voucher to customers. "The Cashable Voucher provides us with a unique and exciting tool to promote equipment financing," said Jeff Goldfield, vice president of marketing and e-commerce for TEC-Networks. "With no competition in this area, we can promote very aggressively. For businesses looking for significant cash back on equipment financing, eStoreFinance is the only place to go."

The Cashable Voucher program is featured at the eStoreFinance website: https://www.buymicro.com/secure/finance

About TEC-Networks

TEC-Networks sells and services business telephone systems, voice-mail systems, unified messaging platforms, voice-over Internet protocol and Internet services. The company serves more than 5,000 businesses and represents approximately 400 vendors. Through a distribution agreement with Nortel Networks, TEC-Networks markets a full line of business telephone products, including Business Communications Manager, companion, Meridian, Norstar and Symposium Manager. TEC Networks is headquartered in Torrance, Calif., with offices in Redondo Beach, Calif. and services in Concord, Calif. Nova Communications (NCVM) is the major shareholder of TEC-Networks. For more information, visit http://www.tec-networks.com.

Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the telecommunications industry, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.

Nova Communications has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Nova Communication's results of operations and financial condition. However, no assurances can be given that Nova Communications will be successful in these efforts. For further information, please contact Investor Relations, TEC-Networks, 800-869-0912, info@tec-networks.com.