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Phoenix Summus Announces Launch Of New Corporate WebSite.

NEW YORK--(BUSINESS WIRE)--Oct. 21, 1999--

Phoenix Summus Corp. (OTC BB:PXSC) announced today that it has introduced a new corporate web site

The address is www.i-transaction.net

The new site features a full overview of the Company, along with complete details on "Global

Solutions," the company's full service package of e-commerce solutions for all types of businesses on a global basis.

PXSC designs and develops business-to-business and consumer-to-business e-commerce solutions, and also acts as the back-end transaction processor for these systems. The Company also offers EDI, electronic funds transfer, and advertising and marketing database support and expects to offer an extended e-commerce product line that will include an online grocery shopping service and an online healthcare facility. The Company's comprehensive package of e-business solutions is called Global Solutions, combing strategic consulting, corporate finance, information technology, creative service and application development.

The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company; the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described here.

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