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TerenceNet, Inc. Elects Stephen Day Board Chairman

Ft. Pierce, FL/December 3, 2002 TerenceNet, Inc. (OTC BB: TCET), a provider of e-Business consulting and business development services, has announced that Stephen Day has been elected as Chairman of the Board of Directors. Mr. Day will focus on strategic planning, acquisitions, and corporate development.

“Having a strong Board of Directors is essential to our continued growth. We will continue to be fully SEC compliant within the framework of the Sarbanes-Oxley Bill,” stated Terence Channon, CEO of TerenceNet, Inc. “Mr. Day has strong Corporate Governance experience and will be working closely with management to insure that TerenceNet is operated with the best business practices. We are now seeking GSA listing of our services as we continue to transform ourselves from website development and e-commerce to a full service IT consulting and business development firm.”

Mr. Day is the CEO of Day Technology Group, Inc., which provides consulting for the federal government and large federal contractors. He has strong experience in the technology business with a background in defense, homeland security, and emergency response planning. Stephen Day is also Vice Chairman of The CEO Council (www.ceocouncil.net), an association of officers and directors of public companies. Mr. Day also is a Director of TVI Corporation (OTC BB: TVIN). He is the Chairman of the Compensation Committee and serves on the Audit Committee.

“I am excited about the opportunities for TerenceNet. This firm has built a solid base of clients in the private and commercial sectors. We will be expanding our services with those clients while we capture additional business affiliations. We also will be pursuing government contracts for IT services for federal, state, and local customers.” Mr. Day said. “We will be focusing on building revenues and income. TCET will announce significant new contracts and additions of key personnel on a timely basis, as well as press releases related to our earnings reports.”

TerenceNet, Inc., 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. Phone 772-429-1401, email info@terencenet.com. Information is also available online at www.terencenet.com.

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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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