Contact:  Thomas P. McMillin
            Joseph Jaffoni, Stewart Lewack
          eVentures Group, Inc.
            Jaffoni & Collins Incorporated
          214/777-4100
            212/835-8500; evnt@jcir.com

      eVENTURES GROUP COMPLETES $58.5 MILLION STRATEGIC PRIVATE PLACEMENT
         WITH LIBERTY MEDIA, CHASE CAPITAL PARTNERS, GOLDMAN SACHS, THE
           BLACKSTONE GROUP, FIRST UNION CAPITAL PARTNERS, AND OTHERS

          VETERAN MEDIA AND COMMUNICATIONS EXECUTIVE JEFFREY A. MARCUS
                   NAMED CHAIRMAN AND CHIEF EXECUTIVE OFFICER

DALLAS,  Texas,  April 5, 2000 - eVentures  Group Inc. (OTC BB:EVNT),  a leading
Internet   communications   company   focused  on   developing   next-generation
infrastructure,  products and service companies, today completed a $58.5 million
private  placement  consisting of approximately 2.5 million shares of restricted
common  stock with a strategic  investor  group  including  Liberty  Media Group
(NYSE:LMGa),  Chase Capital Partners  (NYSE:CMB),  Goldman Sachs (NYSE:GS),  The
Blackstone  Group,  First Union Capital Partners,  Brazos  Investment  Partners,
Maverick Capital, Edgewater Funds, Mellon Ventures and Paul Capital Partners. In
conjunction  with the  transaction,  the Company  also named  33-year  media and
communications  industry  veteran,  Jeffrey A. Marcus,  53, as Chairman and CEO,
effective immediately.

Proceeds from the private  placement will be used for working  capital  purposes
and to develop and expand  eVentures'  portfolio  of  investments  in  companies
utilizing the Internet to provide unique and innovative communications, products
and services. Since its formation last year, the Company has rapidly assembled a
portfolio of  synergistic  business units and emerged as a leader in the area of
communications via the Internet.

Mr. Marcus,  former CEO of AMFM Inc.  (NYSE:AFM)  (previously  named  Chancellor
Media) and founder,  Chairman  and CEO of Marcus  Cable,  assumes the  eVentures
Group Chairmanship from long-time  communications  executive Fred A. Vierra, who
most recently served as Chief Executive Officer of TCI International. Mr. Vierra
will now become Vice Chairman of the Board.

Barrett  N.  Wissman,  eVentures'  co-founder  and  past  CEO,  will  remain  as
President,  guiding the Company's  evolution,  identifying  new  investments and
overseeing  the  operations  of  portfolio  companies.  As Chairman and CEO, Mr.
Marcus will be  responsible  for the  strategic  direction of the  Company,  the
development and  implementation of its operations and investment  strategy,  and
relationships with the financial community.

Additionally,  former AMFM Inc. and Marcus Cable  executive  Thomas P. McMillin,
38, has been  appointed  Executive  Vice  President,  and is soon expected to be
named Chief Financial Officer. He will direct the Company's accounting,  finance
and investor relations activities,  and be responsible for building its investor
and  financial  community  relationships.  Former  AMFM Inc.  and  Marcus  Cable
executives  Daniel J.  Wilson  and Chad E. Coben  have been  named  Senior  Vice
Presidents with  responsibilities for corporate  development,  as have Stuart J.
Chasanoff,   who   serves   as  the   Company's   General   Counsel,   and  Olaf
Guerrand-Hermes,  a Director and  co-founder of the Company,  who will leave the
Board  to  establish  eVentures'  New  York  office.  Messers.  Guerrand-Hermes,
Chasanoff,  Wilson and Coben will work closely  with  Barrett  Wissman to source
business  opportunities,  accelerate their  development and build synergies with
other eVentures companies.

Jeffrey A. Marcus commented,  "eVentures is the leading publicly traded Internet
communications  firm  dedicated to networks,  infrastructure  and services.  Our
portfolio of companies will emerge as leaders in their respective businesses and
provide a significant first-mover presence in next-generation networks, enabling
technologies, end-user applications and support services."

eVentures  invests  in  Internet  communications  businesses  at the  early-  to
mid-stages  of  development   which  operate  in  dynamic  markets,   provide  a
sustainable and recurring  revenue model,  have the potential to quickly achieve
financial  independence  and create  synergies with other  portfolio  companies.
eVentures  provides  its family of  companies  with key  operational  resources,
strategic advice and financial assistance to nurture their growth.

"We are  delighted by the support of our new  strategic  investors,  all of whom
bring to eVentures  valuable  relationships,  influence and a long-term stake in
our  Company's  future,"  Mr.  Marcus  continued.  "We  look  forward  to  their
involvement  and the  opportunity to share deal flow and jointly  participate in
new ventures."

eVentures Group portfolio companies and investments include:

-    AxisTel  Communications  and e.Volve  Technology  Group,  providers of high
     quality voice,  video and data transmission  services over private Internet
     Protocol   (IP)   and    Asynchronous    Transfer   Mode   (ATM)   networks
     (www.axistel.com);

-    Internet Global Services,  a  facilities-based  Internet telephony provider
     which  offers  ISP and  virtual  ISP  services,  web  design  and  hosting,
     broadband  access and long  distance  services  to  independent,  local and
     regional ISPs (www.iglobal.net);

-    PhoneFree.com,  a communications  portal offering  PC-to-PC and PC-to-Phone
     communications,  which currently has approximately  780,000 unique visitors
     per month according to Media Metrix (www.phonefree.com);

-    Innovative Calling Technologies, an automated operator services provider;

-    Callrewards.com,  a B2C  rewards-based  Internet  telephony portal offering
     free PC-to-phone calls (www.callrewards.com);

-    Fonbox,  a provider of unified  messaging  products for the Latin  American
     market (www.lineabox.com); and,

-    Launch  Center 39, a Silicon  Alley-based  incubator  for  Internet and new
     media start-ups (www.lc39.com).

Mr.  Marcus  added,  "Demand for faster,  cheaper  and more  efficient  Internet
communications  is growing  exponentially.  With a rapidly growing  portfolio of
IP-centric network solutions,  cutting-edge  technologies and applications,  and
strong  relationships  in  the  communications   business,   eVentures  is  well
positioned  to  participate  in  this  paradigm  shift.  We  expect  to  play  a
significant role in this rapidly evolving market,  both in the United States and
abroad."

Commenting on Mr. Marcus' appointment, Fred Vierra said, "All of us on the Board
of  Directors  are  excited  to work  with our  expanded  management  team,  and
especially  my former  cable  industry  colleague,  Jeff  Marcus,  who brings to
eVentures  a  long  and  proven  track  record  of  building  large,  successful
companies.  Jeff's ability to both envision and execute  strategy,  his industry
and investment community relationships,  and his desire to accelerate eVentures'
growth will be tremendous assets to the Company going forward. We welcome him as
both an investor and a key member of our management team and board."

Barrett Wissman added,  "Jeff,  Tom, Dan and Chad provide  eVentures with a deep
and proven management team which will enable us to build on our past success and
take  the  Company  to the next  level.  With  strong  backgrounds  in  finance,
corporate development and management, they will accelerate our ability to source
and execute new  investment  opportunities,  as well as provide the expertise to
unlock the inherent value in our subsidiaries and affiliates."

ABOUT EVENTURES GROUP, INC.

eVentures   focuses  on  investing  in,   operating  and   developing   Internet
communications companies that provide next-generation  infrastructure,  products
and services including network solutions, user interfaces,  support services and
enabling     technologies.     Visit     the     Company's     Web    site    at
(www.eventuresglobal.com).

This press release includes statements  regarding  eVentures' business strategy,
plans and objectives which are  "forward-looking  statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities  and Exchange Act of 1934, as amended.  Although  eVentures  believes
that  the  expectations   reflected  in  such  forward-looking   statements  are
reasonable,  it can give no assurance that such  expectations  will prove to be.
Numerous factors,  including those set forth in the Company's periodic and other
filings with the Securities and Exchange Commission,  could cause actual results
to differ materially from eVentures Group's expectations.

                      - Management Biographies to Follow -

                                JEFFREY A. MARCUS

Jeffrey A. Marcus, a 33-year media and communications  industry veteran,  serves
as  Chairman  and Chief  Executive  Officer  of  eVentures  Group  Inc.  In this
capacity,  he is  responsible  for the strategic  direction of the Company,  the
development and  implementation of its investment  strategy,  the development of
its portfolio companies, and relationships with the financial community.

Mr.  Marcus was most recently the founder of Marcus & Partners,  a  Dallas-based
venture  capital firm formed in 1999. He was  previously the President and Chief
Executive  Officer  of  AMFM  Inc.   (formerly   Chancellor  Media  Corporation)
(NYSE:AFM),  one of the nation's largest radio  broadcasting  companies which at
the time had  over 460  radio  stations  in over 100  markets  reaching  over 60
million weekly listeners.

Prior to Chancellor  Media,  Mr. Marcus founded and served as Chairman and Chief
Executive  Officer of Marcus Cable  Company,  which before its sale to Microsoft
co-founder Paul G. Allen for $3.3 billion in 1998, grew from 15,000  subscribers
to become the nation's largest privately held cable television  operator serving
approximately 1.3 million  customers and employing more than 2,500  individuals.
Prior to forming Marcus Cable, he founded Marcus  Communications,  Inc., a cable
television  company  which he later merged into Western  Tele-Communications,  a
microwave  transmission/cable company affiliated with TCI. He served as Chairman
and Chief  Executive  Officer of the merged  company,  WestMarc  Communications,
Inc.,  until  1988.  Prior to  WestMarc,  he  co-founded  Communications  Equity
Associates, a media brokerage company, in 1976.

Mr. Marcus is a director of Brinker International  (NYSE:EAT),  BroadbandNow and
LIN  Television  Corporation.  He previously  served as a director of Chancellor
Media  Corporation  (NYSE:AFM),  Marcus Cable  Properties,  the  National  Cable
Television  Association  (serving as its Treasurer),  C-Span,  Cable Labs, Cable
Television Advertising Bureau, North Texas Public Broadcasting, Mandeville Cable
Partners, and Intercable Venezuela.  He is a minority owner of the Texas Rangers
Baseball  Club and of the Dallas Stars Hockey Club. He also serves on the boards
of Trinity  College  at Duke  University  and of  Columbia  College at  Columbia
University.  Mr. Marcus  received a Bachelor of Science Degree in Economics from
the University of California - Berkeley.

                               THOMAS P. McMILLIN

Tom McMillin serves as Executive Vice President of eVentures.  In this capacity,
he  will  direct  the  Company's  accounting,  finance  and  investor  relations
activities,  and  will be  responsible  for  building  its  bank  and  financial
community  relationships.  Mr.  McMillin was previously a co-founder of Marcus &
Partners. Prior to forming Marcus & Partners, he served as Senior Vice President
and  Chief  Financial   Officer  of  AMFM  Inc.   (formerly   Chancellor   Media
Corporation),  one of the largest  radio  broadcasting  companies  in the United
States with revenue of $2.1 billion.  Prior to joining Chancellor,  Mr. McMillin
served as Executive Vice President and Chief Financial  Officer of Marcus Cable,
which at the time was the nation's ninth largest cable  company,  where together
with other members of the senior  management  team he grew the Company more than
five-fold.  With a customer base of more than 1.3 million, Marcus Cable was sold
in 1998 to Paul G.  Allen in a  transaction  valued  at $3.3  billion.  Prior to
joining Marcus Cable,  Mr.  McMillin  worked for seven years with Crown Media, a
subsidiary  of Hallmark  Cards,  Inc.,  and Cencom Cable  Associates  in various
finance and corporate development positions. Before entering the cable industry,
Mr. McMillin served for four years with Arthur Andersen & Co.,  certified public
accountants.  Mr.  McMillin  was  formerly a member of the Board of Directors of
Marcus Properties,  Inc. and is currently a member of the board of I-soft,  Inc.
He received his Bachelor of Science Degree in Accountancy from the University of
Missouri at Columbia.

                              OLAF GUERRAND-HERMES

Olaf  Guerrand-Hermes  is a Senior Vice  President,  Corporate  Development  for
eVentures.  He has been  investing  privately in Europe and in the United States
since the early  1990s,  and is  currently  a Managing  Partner  at Blue  Growth
Capital, LLC, a New York-based investment partnership.  Prior to organizing Blue
Growth, Mr.  Guerrand-Hermes was Managing Director of International  Equities at
The Athena Group, a private international  investment management company,  where
he was  primarily  responsible  for  international  projects and raising  equity
capital for proposed  investments.  Before joining The Athena Group, he was Vice
President at Nomura Securities  International,  Inc., specializing in structured
finance  products such as commercial  mortgage-backed  securities.  Prior to The
Athena  Group,  he was an  associate  with  Sullivan  &  Cromwell,  where he was
involved in a variety of international  transactions  including public offerings
and private  placements in the U.S. by European and other foreign  companies and
governments.  Mr. Guerrand-Hermes is a board member of Hermes-Sellier,  a member
of the New York bar, a graduate of New York  University  School of Law and holds
two masters degrees from the University of  Pantheon-Assas  (Paris II) in Paris,
France.

                               STUART J. CHASANOFF

Stuart  Chasanoff is a Senior Vice  President,  Corporate  Development and Legal
Affairs for eVentures. He was previously Vice President of Business Development,
Secretary and General Counsel of eVentures Group. Prior to joining eVentures, he
was Senior Vice President and General Counsel to HW Partners,  where he assisted
the  principals  in  developing  investments  in  the  telecommunications,  high
technology manufacturing,  entertainment and retailing industries.  Between 1990
and 1994, and again in 1996, he was an associate corporate attorney with the New
York  office  of  White  &  Case  LLP,  where  he  specialized  in  mergers  and
acquisitions, capital markets, corporate reorganizations and financial services.
He has also served as in-house  counsel at  PepsiCo.,  Inc. and as a director of
various  companies  in  the  discount  retailing  and  leisure  industries.  Mr.
Chasanoff  is a member  of the New York  bar,  a cum  laude  graduate  of Fordam
University School of Law and a 1987 graduate of the University of Virginia.

                                DANIEL J. WILSON

Dan Wilson is a Senior Vice President,  Corporate Development for eVentures, and
was previously a co-founder of Marcus & Partners. He was formerly Vice President
of Strategic  Development of Chancellor Media Corporation (now AMFM Inc.), where
he specialized in the development of, and investment in, "new media"  businesses
ancillary  to  Chancellor   Media's  core  operating  units.  Prior  to  joining
Chancellor  Media,  Mr.  Wilson  served  for  four  years in  various  financial
positions at Marcus Cable,  most recently as Senior Vice President - Finance and
Corporate  Development  where  he was  instrumental  in the  completion  of $5.5
billion of merger/acquisition  transactions.  Prior to joining Marcus Cable, Mr.
Wilson  served  for three  years in  various  positions  at Crown  Media,  Inc.,
including as Director of Finance and  Development  and as Director of Regulatory
Affairs,  and for four years in various  positions at Cencom  Cable  Associates,
Inc.,  including  Director of Finance  and  Development.  He joined  Cencom from
Arthur  Andersen  &  Co.,   certified   public   accountants,   where  he  spent
approximately  three years in the Accounting and Audit practice.  Mr. Wilson was
formerly a member of the Board of Directors of Marcus Cable Properties,  Inc. He
received his  Bachelor of Science in Business  Administration,  cum laude,  with
majors in Finance and Accounting from Saint Louis University.

                                 CHAD E. COBEN

Chad Coben is a Senior Vice President,  Corporate Development for eVentures, and
was previously a co-founder of Marcus & Partners. He is formerly the Director of
Strategic  Development of Chancellor Media  Corporation (now AMFM Inc.) where he
specialized in the acquisition and  divestiture of outdoor  advertising  related
businesses and strategic new business  investments,  including ten  transactions
with an aggregate  value of  approximately  $1.0  billion.  Prior to  Chancellor
Media, Mr. Coben was the Director of Corporate Development at Marcus Cable where
he was  instrumental  in the completion of ten  merger/acquisition  transactions
with a value in excess of $3.5  billion.  Mr.  Coben  joined  Marcus  Cable from
NationsBank, where he served as a Vice President and Client Manager in the Media
and  Communications  Finance Group. In that capacity,  Mr. Coben was responsible
for originating  investment banking and corporate lending business for companies
in the  cable,  radio  and  television  broadcasting,  publishing,  broadcasting
content, wireless and wireline communications,  and telecommunications equipment
manufacturing  industries.  Mr. Coben received his Bachelor of Arts in Economics
at the University of Texas at Austin and his Masters in Business  Administration
from the Cox School of Business at Southern Methodist University.



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