Adam Epstein to Become Chairman and Acting CEO Of Superus Holdings; Holding Company to be based in San Francisco, CA

Business Wire, Feb 24, 2000

Business Editors

DEER PARK, N.Y.--(BUSINESS WIRE)--Feb. 24, 2000

Surge Components, Inc D/B/A Superus Holdings (NASDAQ: SPRS, SPRSW, BSE: SRD, SRDW) announced today that its Board of Directors has unanimously appointed Adam J. Epstein to be Chairman of the Board of Directors and acting Chief Executive Officer effective immediately. The Company also announced that its executive offices will, in due course, be based in San Francisco, California.

As described in a November 2, 1999 feature about him in The Wall Street Journal, Epstein, 34, was most recently the President and Chief Executive Officer of MailEncrypt.com, Inc., which Superus agreed to acquire on February 17, 2000, subject to shareholder approval and other conditions. Prior thereto, Mr. Epstein was the Senior Vice President of Business Development and Counsel of Tickets.com, Inc. (NASDAQ: TIXX) which he joined in its infancy at idealab! in Pasadena, CA, and was also an attorney with the large San Francisco law firm Brobeck Phleger & Harrison.

"The acquisitions Superus has undertaken", Epstein remarked, "uniquely positions the Company and its shareholders to take advantage of the tremendous opportunities for business-to-business, e-commerce in developing Internet economies around the world. I couldn't be more excited about this opportunity."

About Superus Holdings

Superus Holdings operates predominantly business-to-business, e-commerce companies with a particular emphasis upon emerging Internet economies.

The Company's operations are presently centered upon three principal assets.

-- Global Datatel, Inc. (OTCBB: GDIS), is a Latin American leader in medium to large web/system integration projects. A First Tier IBM Business Partner, Global integrates hardware, software and highly scaleable web-based solutions. e-HOLA.com, a wholly-owned subsidiary of Global Datatel, Inc., offers consumer-based Internet services -- its ISP and portal service is offered in English, Spanish, and Portuguese in over 350 cities in Latin America -- as well as e-business solutions -- through distribution partners like Broadvision (NASDAQ: BVSN) -- throughout the Americas. Superus Holdings announced the purchase of all assets of Global Datatel, Inc. in December 1999, for which shareholder, and other approvals is pending.

-- MailEncrypt.com, Inc., is a Los Angeles-based provider of business-to-business, web-based encrypted e-mail solutions, which is poised to capitalize on substantial privacy concerns associated with the rapid world-wide proliferation of e-mail. The Company will offer its services to government agencies, financial institutions, health care organizations, insurance/law/accounting firms, e-commerce companies, and large e-mail providers, among others, in the United States, and will also join forces with Global Datatel and e-HOLA.com to provide its services in Latin America as well. Superus Holdings announced a share-for-share merger agreement with MailEncrypt on February 17, 2000, for which shareholder, and other , approval is pending.

-- Surge Components, Inc. (NASDAQ: SPRS, SPRSW), which is doing business as Superus Holdings until shareholder approval for the Global Datatel and MailEncrypt acquisitions at which time it will similarly become a wholly-owned subsidiary of Superus Holdings, is a supplier of high quality electronic components. Its product mix includes a large selection of high-performance discrete semiconductors, capacitors and discrete components. Its factories are ISO 9000 quality certified. Surge sells directly to manufacturers of such products as, among others, computer modems, video boards, power supplies, and audio in the United States, and will also increasingly seek to expand its sales abroad in conjunction with Global Datatel, and its subsidiaries.

This press release contains forward-looking statements regarding Superus's, Global Datatel's and MailEncrypt's business strategies and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. The Companies' risks and uncertainties include, their ability to complete the merger and acquisition, the combined entities' abilities to work together and grow the companies, periodic downturns in their industries, dependence on the Internet, timely acceptance of new products and intense price competition in their industries. These and other important factors, including those mentioned in various filings with the Securities and Exchange Commission made periodically by the Companies (available at www.sec.gov.), may cause the actual results and performance to differ materially from the future results expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Companies disclaim any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Companies' expectations or future events.