02/28/03 MAJOR OVERALL BUSINESS SOLUTION PLAN PROPOSED FOR E-REX SITUATION

Miami, FL, and Alameda, CA --(QUICK RELEASE NEWS WIRE)--February 28, 2003--– A major Overall Business Solution Plan for the E-Rex (OTCBB: EREX) situation has been recently developed and proposed by SageGroup Strategies with input from various other key involvees. E-Rex is a troubled publicly-held Miami-based company that is under investigation and/or attack by several governmental agencies, media, angry shareholder groups, law firms, and others. SageGroup is an international firm that specializes in helping troubled companies get out of trouble; it is the largest Professional Troubled-Company Specialist firm in the country and world, with over forty offices in the USA plus various foreign affiliations.

"The Overall Plan is focused on doing what is in the best interests of the E-Rex company itself and all of its shareholders, not individual officers, directors, shareholders, or other persons," stated Larry Lindsey, a SageGroup top-level Managing Director and SageGroup's Project Manager for this situation. "This has been SageGroup's focus from the beginning of the Firm's involvement in this terrible situation. It has been very sad to see so much of E-Rex's time and resources being instead used to try to fight the outside shareholders, the governmental and law firm investigations, etc.”

"Conversely, the Overall Plan is an effective way for the E-Rex company to concentrate on getting back onto its feet and moving forward in the best interests of the Company and all of its shareholders," Mr. Lindsey continued. "This is obviously what the officers, directors, and shareholders want, of course, plus is a way for the officers and directors to try to meet their legal fiduciary responsibilities plus demonstrate that they are focused on the Company's best interests."

The E-Rex Overall Business Solution Plan has several key parts, including:

A) The company E-Rex needs to concentrate on trying to resolve its four main business problems. There has long been general agreement as to what these problems are, and now immediate steps must be taken to resolve them. These key problems have been discussed by Lindsey with several key persons, including: a) Carl Dilley, E-Rex's CEO (in 2001, but have not been resolved by E-Rex's current officers and directors); b) Rubin Sanchez, attorney representing E-Rex in a long phone discussion earlier this month; c) Kevin DeGraw, attorney representing various outside E-Rex shareholders; d) Chris Ford and several other outside E-Rex shareholders; and e) certain troubled-company specialists. The four key problems are: 1) E-Rex's need for major financing; 2) E-Rex's need for a credible strong management team; 3) E-Rex's need to complete the long-promised long-delayed product development; 4) E-Rex's need for a management team that is not under major investigation and/or attack by the governmental agencies, media, angry shareholders, and others.

B) A new strong credible management team must be formed at once. The acting CEO should be a three-person Overall Management Council which can focus on E-Rex's turnaround and best interests. Two of these persons should be objective persons who have not been E-Rex officers/directors or members of the angry outside shareholder groups. The third person should be a current E-Rex officer/director if he can find time not needed for the various governmental and media investigations and potential actions, the lawsuits, etc. Conceptually, E-Rex's CEO Carl Dilley would be the best candidate. However, all three current E-Rex officers and directors are currently caught up in various serious problems, with just one example being that all three -- Dilley, Don Mitchell, and Joe Pacheco -- (and probably various of their relatives and associates) are expected to be giving depositions beginning in March as defendants in the Florida Circuit Court case where the judge has already awarded a summary judgment against Mitchell's International Investment Banking, Inc. evidently-shut-down company.

C) The Overall Management Council will immediately work on getting E-Rex the "Eight Key Ingredients of a Successful Company", which are: 1) adequate financing; 2) a good product or service; 3) strong strategic planning in all functional areas; and 4-8) experienced quality management in five key areas: 4) general management; 5) marketing and sales; 6) operations and production; 7) industry and technology; and 8) the six support functions of financing, financial, accounting, legal, corporate development, and administration.

D) The Overall Management Council will immediately work on having E-Rex move through the "Six Key Steps to Successful Financing", which are: 1) Have a good product or service; 2) Have the company have a strong credible management team and corporate entity attractive for financing; 3) Package the company with financing materials attractive for financing; 4) Professionally present the company to the appropriate targeted sources of financing; 5) Determine the acceptable terms; and 6) Receive the financing.

E) The Overall Management Council will focus directly on the ideal business solution to move the company E-Rex forward. The Council will not be distracted by or involved in the various investigations, lawsuits, shareholder attacks, secret testimony by former insider associates, settlement discussions, and other problems of the current officers and directors. Nor will the Council focus on whether this has been a Hyena Pack Scheme or similar fraudulent situation. Nor will the Council focus on recent supposed questionable actions by E-Rex management, such as the recent unsigned registered letter and other items sent to the Bank of America and various Carol J. Gamble Trust beneficiaries in unsuccessful attempts to turn them against the Successor Trustee Chris Ford. These matters will ultimately be resolved, probably by legal actions. The Council needs to instead focus on getting E-Rex out of its terrible
troubles and moving forward.

F) Various other related elements.

The E-Rex Overall Business Solution Plan has now been proposed, and it is being discussed by many persons and other entities involved in this situation. It is anticipated that the Plan could be approved by the E-Rex management team and the major E-Rex shareholders within several days since the Plan is obviously in the best interests of the company E-Rex and all of its shareholders as a group. More information can be accessed on the internet at www.SageGroupStrategies.com.

MEDIA AND INVOLVEES' CONTACT:
Larry Lindsey
Managing Director
National Coordination Office
SageGroup Strategies, Inc.
1370 Third Street, Suite 110
Alameda, CA 94501
(510) 865-2480 Phone
(510) 865-6654 Fax
SGS@SageGroupStrategies.com