Corporate Vision Announces Shareholder Restitution Package

Business Wire, August 18, 1998

TULSA, Okla.--(BUSINESS WIRE)--Aug. 18, 1998--Corporate Vision Inc.'s (OTC: CVIA) board of directors in a special two-day meeting in Tulsa has approved a preferred stock issue as a dividend to shareholders.

One preferred share will be issued for every 10 common shares held on the record date of Sept. 1, 1998. Corporate Vision expects to have these preferred shares distributed and trading within the next 45 days. These preferred shares are non-voting convertible issues convertible on Sept. 1, 2003.

Other issues the board addressed were retiring all of Corporate Vision's outstanding debt, and preparing to issue the 10k and other SEC documents to allow for the company to remain fully compliant with the SEC rules and regulations.

The board of directors appointed the following officers:

Raymond, Hall, chairman of the board Jack Arnold, vice chairman Joe Seibert, vice chairman Roger Spencer, treasurer Craig Treiber, secretary William Hale, assistant secretary Keith A. Anderson, chief executive officer and president

Corporate Vision Inc. is a fully reporting company with the SEC. This press release contains forward-looking statements with respect to the results of operations and business of the company that involve risks and uncertainties. Risks and uncertainties of the company are detailed from time to time in the company's filing with the Securities and Exchange Commission.

   CONTACT:  Corporate Vision
              Jack Arnold, 918/748-3603