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 JAPANESE GOVERNMENT ORGANIZATION
SELECTS MULTICITY.COM TO PARTICIPATE IN
INVESTMENT STUDY PROGRAM

Multicity.com's Web-based Multilingual Communications Tools and Global Focus Stand Out Among U.S. Companies in International Competition

 Tysons Corner, Va.-October 24, 2000 - Multicity, Inc., an open global network offering online multilingual communications tools and services to businesses and consumers, today announced that the Japan External Trade Organization (JETRO) has selected Multicity to join a small group of high-technology companies from around the world to participate in the 9th Invest-in-Japan Study Program. Reflecting the growing international reputation of Virginia's high-technology community, Multicity was chosen from a highly competitive worldwide pool of candidates by JETRO for participation in this program, which aims to promote foreign investment in Japan.

Multicity.com's selection also exemplifies the state's strong support for enhancing local business growth through the expansion of international commerce. Demonstrating this commitment, the Virginia Economic Development Partnership's (VEDP) Division of International Trade Development introduced Multicity to JETRO and encouraged its participation in the investment study program as part of its cooperative efforts with JETRO to promote Virginia's products and services in Japan and thereby foster positive bilateral trade relations.

"The language diversity and instant translation capability of Multicity.com's communications products are an outstanding example of the creativity of America's Internet entrepreneurs," said Koji Deguchi, Senior Trade Advisor, JETRO. "This uniqueness and the technological leadership it represents are the qualities that differentiated Multicity from the other well-qualified candidates and that make this company an ideal participant in JETRO's investment program."

"We are honored that JETRO selected Multicity to participate in this well-known and highly respected investment mission," said Multicity CEO Alain Hanash. "This is an important milestone for Multicity in that it allows us to showcase our multilingual products and their instant translation technology in a major Asian market that is world renowned for its technological prowess and innovation."

Under the auspices of the JETRO program, Multicity.com's Vice President of Marketing, Todd Tweedy, will spend two weeks in Japan meeting with key Internet companies in the country to explore strategic partnerships with Multicity that will leverage Multicity.com's distribution of multilingual communications tools in Japan and throughout the Asian region.

About JETRO
The Japan External Trade Organization (JETRO) is a non-profit, Japanese government- supported organization dedicated to promoting mutually beneficial trade and economic relationships between Japan and other nations. The major focus of JETRO's activities in the United States is helping American companies doing business with Japan. Promotion of U.S.-Japan industrial cooperation, technology exchange and direct investment in Japan also are areas of significant bilateral collaboration. JETRO is a well-known, valued resource for thousands of American companies, particularly small- and medium-sized businesses that are new to the Japanese market. In addition to directly assisting private companies, JETRO cooperates closely with national, state and local economic development agencies, as well as with industrial and trade organizations seeking to do business with Japan.

About Multicity.com
Multicity.com, located in Tysons Corner, Va., is empowering worldwide communication through the development of multilingual product suites. Available in a growing number of international languages for consumers and businesses, Multicity.com's diverse range of Web-enabled products and services include instant translation-enabled chat rooms and instant messaging, message boards, Web polls and profile matching. Multicity.com also has created the nNetworksm, a decentralized global network comprised of tens of thousands of independent Web sites, interconnected through Multicity.com's multilingual communications tools. The nNetworksm is self-organized around users' common interests with the "n" representing the exponential expansion capability of the network through the growth in number and interconnectivity of its affiliate Web sites. For further information on Multicity.com, please visit www.multicity.com.

Multicity.com, Multicity and In-the-Box are trademarks of Multicity.com. All other trademarks or registered trademarks are the property of their respective owners.

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