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Standard & Poor’s Approves TerenceNet, Inc. for Listing in Market Access Program

Fort Pierce, FL —(PR Newswire)—October 21, 2002—TerenceNet, Inc. (OTCBB: TCET), a provider of e-Business consulting and web site services, has been approved by Standard & Poor’s Editorial Board for inclusion in the Market Access Program. A full corporate description was published in the Daily News Section of Standard Corporation Records on September 30, 2002. Standard & Poor’s has also initiated coverage for TerenceNet, Inc. on the Standard & Poor’s Internet Site www.advisorinsight.com as well as S&P MarketScope and the S&P Stock Guide database.

“Inclusion in the Market Access Program is a key ingredient in our efforts to obtain exposure for TerenceNet, Inc. and to build shareholder value,” noted Terence Channon, CEO and Chairman. “We are pleased to announce this listing and feel that this development demonstrates our commitment to excellence to our shareholders and to the operations of TerenceNet, Inc.”

The Standard Corporation Records, the definitive source of financial information, is a recognized securities manual for secondary trading in approximately 35 states under the Blue Sky Laws. S&P’s website provides free access to a full spectrum of information to investors. MarketScope is a real-time information service offering instant access to current market information to more than 80,000 brokers and traders. Stock Guide is a database distributed electronically to virtually all major quote vendors. Vital statistics for TerenceNet, Inc. such as price, volume, shares outstanding, financial position, and more is now available to over 240,000 brokers, traders, and professionals.

TerenceNet, Inc. (www.terencenet.com), is an e-business consulting firm providing strategic consulting and business advisory services, web site design and development, web site hosting, domain name and Internet identity management, and Internet marketing services.

For additional information, contact Terence Channon, CEO/Chairman, TerenceNet, Inc., 6 Avenue A, Ft. Pierce, FL 34950 U.S.A., 772-429-1401, info@terencenet.com, 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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