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ISIN: US34969P1021 | WKN: 919383 | Symbol: FCT
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Ad hoc announcement processed and transmitted by DGAP. The issuer has the sole responsibility of this announcement. --------------------------------------------------------------------------------

FortuneCity.com Inc. aquires key assets of iReg.com

New York, March 26, 2001 - FortuneCity.com Inc., the Internet media company, today announced it has acquired key assets of iReg.com Inc, a company providing paid-for domain registration and web-hosting services. The acquisition provides FortuneCity with an immediate operational and technical capability in precisely those services it has targeted for diversification into paid-services. IReg.com`s current base of paying subscribers is growing at a rate of 10% per month. FortuneCity will pay a total of $1.16 million, predominantly in FortuneCity shares. IReg.com is currently based in Vancouver, Canada, but its operations will be transferred to New York in the second quarter of this year. The acquisition of iReg`s assets is a key step in FortuneCity`s strategy to diversify into paid services and will have a noticeable impact on the structure of revenue sources in the future.

end of ad hoc announcement, (c) DGAP 26.03.2001 -------------------------------------------------------------------------------- WKN: 919383; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart

261154 Mär 01

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