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TerenceNet Selected by API Water to Provide Internet Services

Ft. Pierce, FL / February 24, 2003 – TerenceNet, Inc. (OTC BB: TCET) of Ft. Pierce, Florida, has been selected by API Water, Inc., to provide a range of Internet business services, announced Terence Channon, CEO of TerenceNet, Inc.

API Water, Inc., of Jupiter, Florida, manufactures water-cleansing products for pools and spas. TerenceNet will provide API web-hosting services; e-Commerce consulting and marketing initiatives to reach more pool and spa supply dealers and their consumers. Included in the services will be search engine optimization and a campaign to build awareness of the API product line.

TerenceNet, Inc., is an e-business consulting firm providing strategic consulting and business services, web site design and development, web site hosting, domain name and Internet identity management, and Internet marketing services. TerenceNet maintains offices in Ft. Pierce Florida, Columbia, Maryland, and Las Vegas, Nevada.

For additional information, contact Terence Channon, CEO, TerenceNet, Inc., 6 Avenue A, Ft. Pierce, FL 34950 U.S.A. Phone 772-429-1401, email info@terencenet.com. Information is also available online at www.terencenet.com.

SPECIAL INFORMATION REGARDING FORWARD LOOKING STATEMENTS
Some of the statements in this communication are "forward-looking statements." These forward-looking statements involve certain known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, among others, the factors set forth above under "Risk Factors." The words "believe," "expect," "anticipate," "intend," "plan," and similar expressions identify forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. We undertake no obligation to update and revise any forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements in this document to reflect any future or developments

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