INFORMATION-HIGHWAY.COM, INC. COMPLETES ACQUISITION AND COMMENCES TRADING
For Immediate Release: February 24, 1999 - Vancouver, BC - Information-Highway.com, Inc. (OTC BB: IHWY), formerly Florida Venture Fund, Inc. (OTC BB: FLVN) announced today that it has completed the purchase of 51% of the outstanding common stock of Information Highway, Inc. in a share for share exchange. Information-Highway.com, Inc. intends to acquire the balance of the outstanding common stock of Information Highway, Inc. in a similar share for share exchange to commence in the very near future.
Information-Highway.com, Inc. issued 499,000 share of freely tradable share of common stock and 2,736,000 shares of restricted common stock resulting in a total of 3,554,667 shares of common stock outstanding after the completion of the transaction.
As a result of the transaction, John Robertson, Jennifer Lorette and James Vandeberg were elected directors. Mr. Robertson was appointed President and Chief Executive Officer; James Vandeberg, Vice President; and Jennifer Lorette as Secretary.
In announcing the completion of the transaction including the change of name to Information-Highway.com, Inc., Mr. Robertson stated, "This is a significant event in our corporate development which will greatly improve the opportunity for rapid growth in the future".
About Information-Highway.com, Inc.
Information-Highway.com, Inc. is a leading Internet Service Provider (ISP) engaged in web content development and Internet access. The Company provides dial-up and dedicated Internet access as well as web site hosting to over 20,000 Canadian users.
Information-Highway.com's premiere online service, TheExecutive Club, is a localized regional Internet portal that can save users vast amounts of time by allowing them to access stock quotes, weather forecasts, community events, online trading, web searches, multicasting, and shopping - all from one place. Interested parties may join TheExecutive Club for free at www.theexecutive.com and can find more information about Information-Highway.com, Inc. on the Company's web site at www.information-highway.com
Except for the historical information contained herein the matters discussed are forward looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risk and uncertainty, such as quarterly or other periodic fluctuations in operating results, market acceptance or the company's products and services, and the impact of competitive product and pricing and other uncertainties set forth in the company's filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements herein.
CONTACT:
John Robertson
Information-Highway, Inc.
1-800-665-4616
Dan
Mutters
IP Equity Investor Relations
http://www.ipequity.com
ir@information-highway.com
1-800-997-3323





