eCom Spin-Offs File Two Registration Statements with the SEC

Business Wire, June 16, 2004

PALM BEACH GARDENS, Fla. -- Freedom 4 Wireless to integrate VeriChip technology within its Mobile Broadband Wireless Solutions for security applications

eCom eCom.com, Inc. (OTCBB:ECEC) recently filed Form 10-SB 12(g) Registration Statements with the Securities and Exchange Commission regarding the spin-off of two of its subsidiaries, American Capital Holdings, Inc. (ACH) and Freedom 4 Wireless, Inc. (F4W). The Form 10-SB will become effective 60 days after filing, by operation of law, unless otherwise recommended by the SEC.

eCom, which has spun off its ten wholly owned subsidiaries as independent public companies, plans to now expand the remaining spin-offs by acquiring established businesses similar to ACH and F4W. This is being done for the benefit of its shareholders, who will receive shares in each spin-off company as they occur.

To be eligible for spin-off shares, one must be a current shareholder of eCom (ECEC) at the time each spin-off is finalized. Interested investors are advised that this most likely will be a long term process as completion dates are not possible to predict. For example, ACH and F4W spin-offs which were started in December 2003 are still available to new shareholders, since they have not yet reached a date of completion. However, future spin-offs will take less time.

Chairman of the eCom Board of Directors, David J. Panaia said, "This spin-off plan marks the beginning of a new era for all eCom shareholders. This is an important step towards our goal of returning value to our shareholders." Panaia further stated, "Shareholders must realize that this vast undertaking will take some time to implement the plan to a point of total completion. However, the plan when completed should prove to be a very diverse investment for the benefit of all patient eCom shareholders."

As soon as the Securities and Exchange Commission declares the registration statements effective, ACH and F4W plan to make application for trading on the American Stock Exchange.

About American Capital Holdings, Inc.

ACH has redirected its efforts to acquire controlling interests in some of the companies in which the Company currently holds an ownership interest, to provide capital to those companies, and to acquire controlling interests in insurance businesses.

The assets recently acquired in the ACH acquisition consist primarily of approximately $10.8 million of investment interests in ten developing companies, approximately $5.3 million of restricted securities, approximately $233,000 of marketable securities, approximately $100,000 in cash, and proprietary investment programs known as Energy Tax Incentive Preferred Securities ("ETIPS") and Guaranteed Principal Insured Convertible Securities ("GPICS"). Their website is www.achinc.net.

About Freedom 4 Wireless, Inc.

Freedom 4 Wireless(TM) (F4W) is a provider of 4th Generation Mobile Broadband Wireless Services and Products. F4W's unique 4G mobile broadband wireless system provides data, video, audio, and voice services to subscribers on the move, at speeds up to 200 mph.

F4W generates revenue from contracting to deploy turnkey wide area network wireless solutions. F4W is building a national high speed mobile broadband wireless network as well as building tactical networks for Homeland Security and Law Enforcement agencies. F4W's focus is on the public safety market in 2004 and 2005, by in 2006 F4W believes that the demand for mobile broadband services from business customers will begin to generate significant incremental revenue from the network infrastructures that originally were deployed to provide services to the Public Safety Market. Their website is www.freedom4wireless.com.

In another matter, Applied Digital Solutions, Inc.(NASDAQ:ADSX), an advanced technology development company, recently announced that its wholly owned subsidiary, VeriChip(TM) Corporation, has signed a Master Product Purchase Agreement with Freedom 4 Wireless, Inc. who plans to integrate VeriChip technology with its Freedom4Wireless mobile broadband wireless solutions for secure identification access. About the size of a grain of rice, VeriChip(TM) is the world's first subdermal, radio frequency identification microchip that can be used in a variety of security, financial, emergency identification and other applications. Their website is www.adsx.com.

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from those discussed in such forward-looking statements.