Epixtar Assisting Investigation into Improper Short Selling of Its Shares

Wednesday, July 23, 2003 - 9:02 am ET

MIAMI - (BUSINESS WIRE) - July 23, 2003 - EPIXTAR Corp. (OTCBB:EPXR - News) today announced that it has been notified that the trading of its common stock is the subject of an ongoing investigation involving possible illegal short selling by unrelated third parties.

The Company stated the investigation does not involve any activities of the Company, its management, or employees.

In the interest of protecting shareholder value, the Company is cooperating fully in this matter. The Company will make no further statements or comment regarding this investigation.

About Epixtar Corp.
Epixtar is a provider of marketing services -- aggregating contact center capacity and robust infrastructure to deliver comprehensive, turnkey solutions. From campaign design through ongoing management, Epixtar delivers value-driven, creative solutions for telesales initiatives. Epixtar combines global capacity with innovative performance-based compensation and proven methodology to deliver highly successful marketing campaigns. Leading companies use Epixtar's marketing expertise and contact center capacity to acquire, support, and enhance the customer experience, reduce costs and generate top-line revenue. Based in Miami, Florida, Epixtar conducts operations throughout the Caribbean Basin, Asia Pacific and the United States.

Safe Harbor Statement
This release contains statements about expected future events and financial results that are forward looking. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Actual results could be affected by a downturn in the economy, new competitive products, slower rate of growth in member base, higher than anticipated cancellations, unforeseen expenses, or technical failure related to self generating web site development or inability to scale server capacity to meet demand. Forward looking statements include the information concerning our possible or assumed future results of operations. Forward looking statements also include those preceded or followed by the words: "anticipates," "believes," "estimates," "hopes" or similar expressions. For those statements, we claim the protection of the safe harbor for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.

Contact
EPIXTAR Corp.
PR Contact:
Harry B. Fozzard
hfozzard@epixtar.com
or
IR Contact:
Ed Belak, 212-697-5200
ebelak@epixtar.com

Source
EPIXTAR CORP.