Cosmoz Reassures Investors, Clarifies Confusion With Kozmo

Apr 12, 2001, 01:00 ET from Cosmoz Infrastructure Solutions, Inc.

    MILLBRAE, Calif., April 12 /PRNewswire/ -- Cosmoz Infrastructure
 Solutions, Inc. (OTC Bulletin Board:   CMOZ) wishes to clarify to its customers,
 its shareholders, and the investment community that recent developments at the
 online delivery company, Kozmo, are not related to Cosmoz.
     "This morning we received a number of inquiries from concerned
 shareholders after hearing about the shutdown of Kozmo," explained
 Wilfred Shaw, Chairman and CEO of Cosmoz.  "We wish to reassure everyone,
 especially our customers, that our company has every intention to stay in
 business."
     "We also stand by our earlier guidance to break even this quarter," added
 Wing Yu, COO of Cosmoz.  "We believe that the company is on track to meet this
 quarter's revenue goals."
     Cosmoz expects its aggressive cost-cutting efforts combined with sharp
 revenue growth from its subsidiaries, FinancialContent and StreetIQ, to
 deliver break-even results for the company earlier than expected.
 FinancialContent has landed more than 75 clients since its launch in late
 February, while StreetIQ has secured its first 3 clients for its investment
 newsletter and directory services.
     Please direct all media and investor relation inquiries to Dave Neville at
 650-652-3991 or ir@cosmoz.com.  Please direct all inquiries for
 FinancialContent to Stephen Malaster at 650-652-9380 or
 bizdev@financialcontent.com.  Please direct all inquiries for StreetIQ.com to
 webmaster@streetiq.com.
 
     About Cosmoz Infrastructure Solutions, Inc.
     Cosmoz Infrastructure Solutions is a technology holding company with
 subsidiaries developing and marketing an array of online products and
 services.  Cosmoz Infrastructure Solutions is a publicly traded company under
 the symbol "CMOZ."  Please visit the website at www.cosmoz.com for additional
 information.
     This news release may contain forward-looking statements made pursuant to
 the "safe-harbor" provisions of the Private Securities Litigation Reform Act
 of 1995. While these statements are made to convey to the public the Company's
 progress, business opportunities and growth prospects, readers are cautioned
 that such forward-looking statements represent management's opinion.  While
 management believes such representation to be true and accurate based on the
 information available to the Company, actual results may differ materially
 from those described.  The Company's operations and business prospects are
 always subject to risk and uncertainties.  Important factors that may cause
 actual results to differ are set forth in Cosmoz Infrastructure Solutions,
 Inc.'s periodic filings with the U.S. Securities and Exchange Commission.
 
 

SOURCE Cosmoz Infrastructure Solutions, Inc.
    MILLBRAE, Calif., April 12 /PRNewswire/ -- Cosmoz Infrastructure
 Solutions, Inc. (OTC Bulletin Board:   CMOZ) wishes to clarify to its customers,
 its shareholders, and the investment community that recent developments at the
 online delivery company, Kozmo, are not related to Cosmoz.
     "This morning we received a number of inquiries from concerned
 shareholders after hearing about the shutdown of Kozmo," explained
 Wilfred Shaw, Chairman and CEO of Cosmoz.  "We wish to reassure everyone,
 especially our customers, that our company has every intention to stay in
 business."
     "We also stand by our earlier guidance to break even this quarter," added
 Wing Yu, COO of Cosmoz.  "We believe that the company is on track to meet this
 quarter's revenue goals."
     Cosmoz expects its aggressive cost-cutting efforts combined with sharp
 revenue growth from its subsidiaries, FinancialContent and StreetIQ, to
 deliver break-even results for the company earlier than expected.
 FinancialContent has landed more than 75 clients since its launch in late
 February, while StreetIQ has secured its first 3 clients for its investment
 newsletter and directory services.
     Please direct all media and investor relation inquiries to Dave Neville at
 650-652-3991 or ir@cosmoz.com.  Please direct all inquiries for
 FinancialContent to Stephen Malaster at 650-652-9380 or
 bizdev@financialcontent.com.  Please direct all inquiries for StreetIQ.com to
 webmaster@streetiq.com.
 
     About Cosmoz Infrastructure Solutions, Inc.
     Cosmoz Infrastructure Solutions is a technology holding company with
 subsidiaries developing and marketing an array of online products and
 services.  Cosmoz Infrastructure Solutions is a publicly traded company under
 the symbol "CMOZ."  Please visit the website at www.cosmoz.com for additional
 information.
     This news release may contain forward-looking statements made pursuant to
 the "safe-harbor" provisions of the Private Securities Litigation Reform Act
 of 1995. While these statements are made to convey to the public the Company's
 progress, business opportunities and growth prospects, readers are cautioned
 that such forward-looking statements represent management's opinion.  While
 management believes such representation to be true and accurate based on the
 information available to the Company, actual results may differ materially
 from those described.  The Company's operations and business prospects are
 always subject to risk and uncertainties.  Important factors that may cause
 actual results to differ are set forth in Cosmoz Infrastructure Solutions,
 Inc.'s periodic filings with the U.S. Securities and Exchange Commission.
 
 SOURCE  Cosmoz Infrastructure Solutions, Inc.