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Date: Thu, 4 Mar 1999 00:11:49 EST
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Subject: Wcollect.com News Release
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Initial Wcollect.com Results Exceed Expectations

March 2, 1999 (Beverly Hills, Ca) Wcollect.com (Symbol: WCLT) the world's
premier web site for collectors of fine arts and entertainment memorabilia 
is pleased to report that the introduction of the Company's web site 
hosting both the 'Auction' and 'Art Gallery' has been a resounding success.  
Visitors to the site, as well as actual auction and gallery participants, 
have wildly exceeded  Wcollect.com's expectations. In some cases the volume  
of visitors has taxed the ability of the system to cope with demand.  
Additional leading edge technology has now been added to ensure smooth and  
seamless delivery of Auction and Gallery service to our participants, 
including our copyrighted authentication and security systems. 

The Wcollect.com web site was pleased to host the trend setting auction of 
numerous music and entertainment industry memorabilia in conjunction with 
the 1999 Grammies. Noteworthy among the initial items were Sting's original 
1978 Fender bass guitar which, after a lively bidding session, sold for a 
price far in excess of the reserve. Check the site for further details of 
items sold. The upcoming Oscar theme auction including an original 1945 
Oscar, "Batman Return's" cape and cowl, Bette Middler's Fishtail dress from 
her "Broadway Shows" and many other items including the coveted 'Madonna 
black lace panties' from the candle wax sex scene in the 1993 hit movie 
"Body of Evidence". 

Wcollect.com announces that it has completed the acquisition of MindCorp, 
LLC ("MindCorp") from Mr. Stewart Irvine. The company has issued to Mr. 
Irvine a total of 2,375,000 restricted shares of common stock of the company 
in consideration for MindCorp. Upon completion of the closing, Mr. Stewart 
Irvine and Mr. Andrew Zucker were appointed to the Board of Directors of the 
company and Mr. John Xinos resigned as a Director and Officer. Mr. Irvine 
will be President and Mr. Zucker will be Secretary and Treasurer of the 
company.

ON BEHALF OF THE BOARD OF DIRECTORS, STEWART IRVINE


FOR ADDITIONAL INFORMATION PLEASE CALL OUR INVESTOR
RELATIONS DEPARTMENT TOLL FREE: 1-877-608-1611

