Miracom Enters Into Exclusive Letter of Intent With Okabe, a Major Parts Supplier to Delphi, JCI, Freightliner and Volvo

SANFORD, Fla. and VERNON HILLS, Ill. (PROTEXT) - Okabe to UseParts.com as Exclusive Provider of Online Business-to-BusinessParts Exchange for Aftermarket Parts / Agreement Provides OkabeWith First E-Commerce Platform that Combines Online Transactionsand Real-time Research Technology Miracom Corporation (OTC Bulletin Board: MIRM), a developerand owner of business-to-business e-commerce services and theholding company for Parts.com(TM), a business-to-business e-commerce parts exchange and ReallyKnow.com, a real-time datagathering system which is revolutionizing the research industry,today announced that it has signed an exclusive binding letter ofintent with Illinois-based Okabe Co., Inc. in which Okabe willuse Parts.com as its exclusive provider of online business-to-business parts exchange to the aftermarket parts industry. Okabe Co. is a Tier One supplier for OEM and aftermarket partsto some of the largest parts companies, including Delphi, JCI,Freightliner and Volvo, generating annual revenues from partssales of approximately $400 million. Okabe Co., Inc. is a wholly-owned subsidiary of Okabe Ltd., a Japanese-based conglomeratewith annual sales in excess of $1 billion. Okabe Ltd. is tradedon the Tokyo Stock Exchange. "The strategic addition of Okabe to Parts.com as a premiere e-commerce aftermarket parts supplier attests to the appeal of ourunique e-commerce business model to part suppliers around theglobe," said Shawn D. Lucas, Chairman and Co-CEO of MiracomCorporation. "We believe this alliance will represent the firstof many additional Tier One suppliers we expect to sign-on in thenear future in advance of the launch of Parts.com in January2000," concluded Mr. Lucas. "Parts.com has a terrific model that brings value to allparticipating links in the supply chain by encompassing both"brick and mortar" and e-commerce," stated Robert Neal, Presidentof Okabe. "They have found a solution which exploits theinefficiencies in today's supply chain and maximizes theefficiencies. There is finally an alternative for parts suppliersaround the world -- Parts.com. I look forward to introducingShawn and his management team to additional global partsmanufacturers to participate and contribute to Parts.com's shortand long term growth prospects," concluded Mr. Neal. Parts.com is expected to provide a business-to-business e-commerce solution for the $600 billion auto parts industry. Thesite is expected to create value for all users, includingmanufacturers, distributors and parts buyers, as a result of itsunique, direct business model which eliminates a number ofinefficient links in the supply chain inherent in the auto partsbusiness. About Okabe Co., Ltd. Okabe Co., Ltd., Japan, which was founded in 1944 as amanufacturer of construction materials, has grown into adiversified international company. The company is listed in thefirst section of Tokyo Stock Exchange and has approximately forty(40) subsidiaries in Japan and four (4) internationalsubsidiaries in the U.S., Canada, Hong Kong, and China. Thecompany participates in various industries includingconstruction, automotive, hotel, and biotechnology. About Miracom Corporation Miracom Corporation is a developer and owner of business-to-business e-commerce services and the holding company forParts.com(TM) and ReallyKnow.com(TM). Based in Sanford, Florida,Miracom Corporation owns and operates the Parts.com(TM) (www.parts.com ), an e-commerce business-to- business partsexchange, and ReallyKnow.com (TM) ( www.ReallyKnow.com ), a Web-enabled real-time data gathering system which is revolutionizingthe research field. Other products developed and owned by Miracominclude: Epolicy(TM), a Web-enabled, back-end software; andQuickQuote 2000(TM), the front-end complement to Epolicy(TM). (This news release includes statements that may constituteforward-looking statements pursuant to the safe-harbor provisionsof the Private Securities Litigation Reform Act of 1995. AlthoughMiracom Corporation believes the expectations reflected in suchforward-looking statements are based on reasonable assumptions;it can give no assurance that its expectations will be met.Factors that could cause actual results to differ materially fromMiracom's expectations include the operational performance ofparts.com, the Company's success in entering into strategicalliances, Parts.com's and ReallyKnow.com's operational andfinancial performance, industry conditions, demand for itsproducts as well as other risks.) ots Original Text Service:Miracom Corporation Internet: http://www.newsaktuell.de Contact:Shawn Lucas, Chairman and Co-CEO of Miracom Corporation, 407-302-1314, ext. 124, or e-mail, slucas@miracomcorp.com; Robert Neal,President of Okabe Co., Inc., 847-541-9200; or General Info.,Haris Tajyar, htajyar@frb.bsmg.com, or Media, Mary Tokita,mtokita@frb.bsmg.com, both of The Financial Relations Board, 310-442-0599, for Miracom Corporation Web site: http://www.parts.comWeb site: http://www.ReallyKnow.com

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