May 30, 2000

VCOM.COM Provides SINA.com With Telecommunications Services

VCOM.COM, which provides popular web sites with private-label telecommunications services for their users, announced today that SINA.com, a leading Internet media company for Chinese communities worldwide, has begun hosting VCOM.COM in the telecom center on SINA.com's North America site, offering SINA.com users VCOM.COM's long distance and calling card services.

VCOM.COM's services, which include 5.9-cent-minute long distance and prepaid and postpaid calling cards, are accessible at http://telecom.sina.com. SINA.com customers can register for these services, view their monthly call records, manage their accounts and make payments online. The services are powered by VCOM.COM, with calls carried over the public switched telephone network.

"We are glad to be working with VCOM.COM and introducing telecom services on a comprehensive e-commerce platform to a rapidly growing Chinese online audience," said Jack Hong, Vice President of Advanced Products for SINA.com. "The Internet and telecommunications revolutions have made it possible for individuals and businesses to reach out to and stay in touch with each other like never before."

"Our relationship with SINA.com allows us to gain access to many customers in the Chinese community," added Steven Dresner, Chief Executive Officer of VCOM.COM. "We believe that this relationship will reinforce our leadership position in marketing international telecommunications services on the Internet."

About VCOM.COM

VCOM.COM Corporation is a next-generation telecommunications company focused on the sale of services over the Internet. VCOM.COM is partnering with the Internet's most popular web sites and providing private-label communications services. Headquartered in New York, NY, the company offers domestic and international long distance, prepaid and postpaid calling card, toll-free, wireless, and directory services. The company's proprietary technology includes web-based provisioning and billing systems, call reporting, and support tools. This online approach to distribution and management allows VCOM.COM to provide premium services to a worldwide community of people.

About SINA.com

SINA.com is a leading Internet media and services company for Chinese communities worldwide, offering on-line news, entertainment, community and commerce. SINA.com offers a Chinese-language network of four localized Web sites that are produced and updated daily by local teams in China, Hong Kong, Taiwan and North America. Voted number one by China Internet users in both the July 1999 and January 2000 semi-annual surveys conducted by the China Internet Network Information Centre, or CNNIC, SINA.com is a popular full service media company for the world's largest population group. As of April 2000, SINA.com had over 24 million averaged daily pageviews and approximately 5 million registered users.

To find out more about SINA.com, visit the company's corporate site at http://www.sina.com/corp, or regional sites at www.sina.com, www.sina.com.cn, www.sina.com.hk and www.sina.com.tw.

Certain statements contained in this release may contain forward-looking information with respect to plans, projections or the future performance of VCOM.COM, the occurrence of which involves certain risks and uncertainties, including, but not limited to, the difficulties in conducting international operations, product and market acceptance risks, the impact of competitive pricing, competitive products, product development, commercialization and technological difficulties, and other risks detailed in the Company's Private Placement Memorandum.

Contact:

Wendie Makoujy
Spector & Associates, Inc..
636 Morris Turnpike
Short Hills, NJ 07078
973.467.5858 tel.
973.467.3211 fax
wendie@spectorpr.com email

Seth Grudberg
VCOM.COM Corporation
210 East 49th Street, 3rd Floor
New York, NY 10017
212.758.2087 ext. 160 tel.
212.758.2088 fax
sgrudberg@vcom.com email



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