Immediate Release VENIZA.COM - '…an endless destination for Fashion!'; Launch of Fashion Auction Website! (San Jose, CA) VENIZA.COM today announced the official launch of a trendy new website focused on person-to-person sales of Women's and Men's fashion products, helping to support the online auction industry which has been reported to grow to more than $50 billion by 2002. Fashion seekers can now browse through various auction listings that include Designer Clothes, Lingerie, Footwear, Jewelry, Cosmetics, Bath and Beauty products, Home Decor and other fashion related merchandise. VENIZA.COM has also included a Multicultural section in which consumers are able to buy and sell fashion items from other parts of the world. "We are extremely proud of the launch of the website and hope customers appreciate the environment we have created." Said Founder and President, Vikash Patel, "With a clean site layout, VENIZA.COM provides a boutique atmosphere along with interactive content to keep fashion buffs and novices up-to-date on current trends. " "The major auction sites have already validated that customers respond favorably to the online auction format. The larger auction sites have a respectable selection of fashion items but their product offering is too broad to provide a specialty shop environment." eBay (Nasdaq: EBAY) and Yahoo (Nasdaq: YHOO) are currently the largest players in the online auction industry. Along with the online auction, VENIZA.COM offers Fashion related Message Boards, Chat Room, Horoscopes, and Designer Reviews. At launch time, the Fashion News section spotlights some of the top designers from the New York Fall 2000 fashion show. The site will continue to expand with more sections including expert advice on Style and Makeup, and a venue for up-and-coming designers to exhibit and sell their collections directly to consumers. VENIZA.COM utilizes a fully automated auction engine, which includes such features as proxy bidding, item descriptions which include pictures and sound, instant email notifications, and user feedback ratings. Website users also have access to VENIZAwatch. The VENIZAwatch feature allows customers to be notified by email when an item they have searched for has been listed for sale. About VENIZA.COM VENIZA.COM (www.veniza.com) specializes in online person-to-person sales of fashion related merchandise including Apparel, Lingerie, Jewelry, Cosmetics, Footwear and Home Decor. The site offers rich content including Fashion News, Horoscopes, Chat Room and Message Boards. VENIZA.COM is a privately held company with corporate headquarters located in San Jose, CA. ###