OfficeSpaceAtlanta.com joins BrainWorks Ventures Labs

Business Wire, August 1, 2001

Business Editors

ATLANTA--(BUSINESS WIRE)--Aug. 1, 2001

BrainWorks Ventures Labs announced today that OfficeSpaceAtlanta.com has become a member company of BrainWorks Ventures Labs and will provide real estate services for BrainWorks Ventures Labs and other member companies.

OfficeSpaceAtlanta.com is a new venture of commercial real estate company Shaw & Associates that uses the Internet to connect companies looking for office space with available real estate. Shaw & Associates has also launched SubleaseAtlanta.com and ExecutiveSuitesAtlanta.com to serve the two sub-markets in the local real estate community.

BrainWorks Ventures Labs, a subsidiary of BrainWorks Ventures, Inc. (OTC BB: BRAV), is a venture development company associated with Georgia State University that provides start-up advisory consulting and infrastructure services to companies emerging from GSU and entrepreneurs at large.

Founded by economist Dr. Donald Ratajczak, BrainWorks Ventures is a venture development and asset management company focused on developing a portfolio of high-growth business opportunities emerging from corporations and universities.

"Buddy Shaw's relationships and experience within the Atlanta community are a terrific addition to our team and will contribute to the success of BrainWorks Ventures," said Dr. Donald Ratajczak, chairman and CEO of BrainWorks Ventures.

For more information, go to www.brainworksventures.com and www.OfficeSpaceAtlanta.com or contact Brian Moran (404-751-3282 or brianm@brainworksventures.com) or Buddy Shaw (404-751-3269 or officespace@mindspring.com).

About BrainWorks Ventures

Dr. Donald Ratajczak founded BrainWorks Ventures, Inc. (OTC BB: BRAV) in 2000 after retiring as director of the Economic Forecasting Center at Georgia State University, which he founded in 1973. BrainWorks Ventures is a venture development company that focuses on high-growth business opportunities emerging from corporations and universities. John Cayce, founder and former director of the UPS Strategic Enterprise Fund, is president of BrainWorks Ventures and leads the investment strategy.

BrainWorks Ventures has invested in several Atlanta-based companies, including MostChoice.com, Inc. and AgentWare, Inc. MostChoice uses the Internet to provide office management and sales tools to independent insurance agents and financial advisors. AgentWare develops software that provides a development environment and framework for seamlessly building and integrating distributed applications over the Internet.