eCom eCom.com Announces NASDAQ Notice of Memo Ruling Regarding Shareholder Dividend Distribution Date of Record

Business Wire, Feb 13, 2004

Business Editors/High-Tech Writers

PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Feb. 13, 2004

eCom eCom.com, Inc.(OTCBB:ECEC) ("eCom") today announced for shareholder clarification the NASDAQ ruling on the dividend date in the spin offs of their wholly owed subsidiaries.

The Board of Directors of eCom initiated a plan in December 2003 to further enhance shareholder value by instituting a shareholder tax free spin-off distribution plan for eCom's eleven (11) wholly owned subsidiaries. The Board of Directors' strategy is for the wholly owned subsidiaries of eCom to acquire certain established and promising businesses. To date the company has accomplished two (2) acquisitions by purchasing the assets of American Capital Holdings, Inc. and Freedom 4 Wireless, Inc.

The sole intent of this plan was to bring forward a liquidity event for those who owned common shares in eCom; to assist in furthering shareholder value regarding their existing investment into the parent company, eCom eCom.com, Inc. This form of distribution to the shareholders was a new endeavor for the management of eCom, who sought clarification from the NASD and the SEC. On January 28, 2004 the Company received a Notice of Memo from NASDAQ which advised eCom of the following procedures:

                        The NASDAQ Stock Market
                          Dividend Department

   "ECEC was posted; check the link to the NASD website to view the
notice. In this notice ECEC record date was posted as of 1/5/2004 and
that the payment date & ex-dividend date of the shares of American
Capital Holdings, Inc. are both pending effective registration with
the SEC.

   Please contact NASDAQ once you receive approval from the SEC and
you are ready to distribute the shares of American Capital Holdings,
Inc. It is NASDAQ's intention to establish the ex-dividend date as the
date after the shares are put in the mail to shareholders.
   In the meantime shares of ECEC will be trading with the right to
receive the American Capital Holdings, Inc. shares. If you have
further questions or concerns please feel free to call."

In compliance with the above NASDAQ Notice of Memo requirements, the Board of Directors has concluded any further shareholder distributions will only be made to shareholders of record on the day after the certificates are issued and mailed from the transfer agent directly to the spin-off shareholders. If a shareholder has sold all of his or her position in (ECEC) prior to the mailing date set forth by the aforementioned NASDAQ ruling, they will not receive the common shares in the share distribution program. You must be a shareholder of record on the date those shares are issued and mailed by the transfer agent.

Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates," "approximately," and "likely," also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure, disruption of communications services marketplace, and due to natural disaster. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995.