AVE, Inc. Signs Letter Of Intent To Acquire CYCO.NET, Inc. Of Albuquerque, NM, In A Reverse Merger

Jul 19, 1999, 01:00 ET from AVE, Inc.

    DENVER, July 19 /PRNewswire/ -- AVE, Inc. (OTC Bulletin Board:   AVEN) of
 Denver, Colorado, today announced that it has signed a letter of intent to
 acquire CYCO.NET, Inc. of Albuquerque, NM, in a reverse merger.  AVE, Inc. has
 been aggressively pursuing an acquisition since selling its exclusive
 marketing and patent rights to a NASA-developed flat-plane antenna to Zenith
 Technology, Inc. (a wholly owned subsidiary of Prime Companies, Inc.)
 (OTC Bulletin Board:   PRMC) in February of this year.
     CYCO.NET, Inc. is a New Mexico-based corporation established in December
 1998 to develop a network of cyber companies.  These companies are to be
 centered around a site called the CYCO.NET ( www.cyco.net ).  According to
 Richard Urrea, President and CEO of CYCO.NET, "This site is a lighthearted
 destination that will be like the 'People Magazine' of the Internet.  This
 format has proven itself by providing Time Warner with over a billion
 dollars of ad revenue annually.  That, combined with the CYCO.NET's
 e-commerce and various affiliations, such as Amazon.com, could amount to three
 times that figure.  Not a portal like Yahoo, the CYCO.NET will serve as the
 launch pad to rocket the Internet surfer into the deepest reaches of
 cyberspace.  We want to show our viewers the full potential of the Internet.
 In other words, we want people to get 'cyked' about the Internet."
     R. Gene Klawetter, Chairman and CEO of AVE, Inc., said, "It has been our
 intent to enhance shareholder value by becoming operational as quickly as
 possible but, at the same time, we want to join with a company of
 impeccable credentials having a high-quality management team with an
 exciting product.  We believe CYCO.NET meets all of these criteria."
 Mr. Klawetter further stated, "The Internet is the fastest-growing medium of
 communication in history.  We consider CYCO.NET's business plan and
 strategy to be in the best interests of AVE and its shareholders as an
 exciting and potentially explosive service for millions of Internet users."
     AVE, Inc. and CYCO.NET, Inc. are pursuing a Share Exchange Agreement and
 they anticipate its completion by July 31, 1999.
 
     Contacts:
     AVE, Inc.                           CYCO.NET, Inc.
     R. Gene Klawetter, Chairman and CEO Richard Urrea, President and CEO
     45 Breamore Court                   600 Central Ave., SW, 3rd Floor
     Castle Rock, CO 80104               Albuquerque, NM 87102
     (303) 663-3927                      (505) 244-0088
 
     Financial statements in this press release other than historical facts are
 "forward-looking" statements within the meaning of Section 27A of the
 Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934,
 and as that term is defined in the Private Securities Litigation Reform Act
 of 1995.  AVE, Inc. intends that such statements about the company's future
 expectations, including future revenues and earnings, and all other forward-
 looking statements are subject to the safe harbors created thereby. Since
 these statements (future operational results and sales) involve risks and
 uncertainties and are subject to change at any time, the company's actual
 results could differ materially from expected results.
 
 

SOURCE AVE, Inc.