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CCOMMUNITY CONNECT INC., PUBLISHER OF ETHNIC-BASED ONLINE COMMUNITY, ANNOUNCES $1.3 MILLION ROUND OF FINANCING
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November 25, 1998

New York, NY -- Community Connect Inc. (www.CommunityConnect.com), publisher of ethnic-based online community AsianAvenue.com, recently closed a $1.3 million round of financing. The latest round of investments was placed by a number of Angel investors including Mr. Robert Goldhammer, CEO of Concord International Partners. In addition, Mr. Goldhammer has also joined the Board of Directors of Community Connect, Inc.

The proceeds from the financing will be used for domestic and foreign promotions and marketing for AsianAvenue.com (www.AsianAvenue.com), the world's largest online community for Asian Americans. In addition, some of the funds will be used for planning and development for more "Avenue" web sites for other ethnicities such as African Americans and Latinos.

"Community building is more prevalent among people of racial and ethnic ties than perhaps among any other affinity group," said Benjamin Sun, President and CEO of Community Connect Inc. "By focusing our efforts on these niche communities, Community Connect Inc. will establish itself as a leading player in the Web publishing market."

"There are over 15 million Asian Americans, African Americans and Latinos on the Web, and the number is expected to increase almost three-fold in the next decade," says Robert Goldhammer, Community Connect Inc. Board Member. "From AsianAvenue, one can see how powerful these communities will grow to be."

Community Connect's first venture AsianAvenue.com, which launched in July of 1997, has become the largest online publication for Asian Americans. The Web site has quickly become the most effective online vehicle to reach Asian Americans for advertisers and commerce partners. With the success of AsianAvenue.com, plans are in effect for similar communities geared for African Americans and Latinos.

About AsianAvenue.com
Based in New York City, AsianAvenue.com is the one of the largest and fastest growing interactive online communities for those of Asian heritage. It has accumulated over 200,000 registered members. In the month of February, AsianAvenue.com generated over 26 million page views. It is the highest trafficked Web site for the Asian American community. Members of AsianAvenue.com receive special features such as their own free customized home page, email, games, forums, chat rooms, special promotions, articles, news, and stories. The site has received numerous accolades and was recently named one of the Ten Business Plans to Watch in 1999 by www.atnewyork.com.

About Community Connect Inc.
Community Connect Inc. creates and builds interactive online communities targeted towards ethnic affinity groups. These online communities offer end-users a new and dynamic medium to communicate and interact with those of similar backgrounds and interests. Community Connect Inc. is committed to creating online communities that enable people to establish relationships, improve communication, gain access to important information and services, and participate in community activities. Community Connect Inc. launched its first online community, AsianAvenue.com, on July 21, 1997. AsianAvenue.com has become the leading online community for Asian Americans. Community Connect Inc. plans to build additional online communities, positioning itself as the leading provider of online communities for ethnic affinity groups.