Document:

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                         AGREEMENT AND PLAN OF EXCHANGE

                                 BY AND BETWEEN

                          CATALYST COMMUNICATIONS, INC.

                                       And

                  DNAPRINT GENOMICS, INC. AND ITS SHAREHOLDERS

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                              Dated: JULY 11, 2000

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                               TABLE OF CONTENTS

1.       Delivery of Shares of the Company      ..........................  1

2.       Consideration for Transfer of Shares    .........................  1

3.       Miscellaneous Provisions Relating to Delivery of
         `CLYC' Stock.             .......................................  1

4.       Access to Books and Records  ....................................  2

5.       Closing..........................................................  2

6.       Representations and Warranties of the Shareholders    ...........  2
         a.       Organization and Standing...............................  2
         b.       Subsidiaries, Etc.......................................  3
         c.       Capital Stock...........................................  3
         d.       Indebtedness............................................  3
         e.       Financial Statements....................................  3
         f.       Contracts and Other Commitments   ......................  3
         g.       Intellectual Property...................................  4
         h.       Assets..................................................  4
         i.       Insurance...............................................  5
         j.       Employees...............................................  5
         k.       Employee Benefit Plans..................................  6
         l.       ERISA...................................................  6
         m.       Litigation..............................................  7
         n.       Accounts Receivable ....................................  7
         o.       Inventories.............................................  7
         p.       Purchase Commitments and Outstanding Bids...............  7
         q.       Real Estate.............................................  8
         r.       Changes, Dividends, Etc.................................  8
         s.       Tax Returns and Liabilities.............................  8
         t.       Breaches of Contracts, Etc..............................  9
         u.       Title to Company Stock..................................  9
         v.       Conflict of Interests...................................  9
         w.       Disclosure..............................................  10

7.       Representations and Warranties of CATALYST COMMUNICATIONS, INC.... 10
         a.       Organization and Standing   ............................. 10
         b.       Capital Stock............................................ 10
         c.       Validity of Shares ...................................... 11
         d.       Changes, Dividends, Etc.  ............................... 11
         e.       Authorization of Agreement  ............................. 11
         f.       No Violation of Law, Etc................................. 11
         g.       Financial Statements..................................... 11
         h.       No Material Changes...................................... 11
<PAGE>

8.       Conditions & Obligations of `CATALYST COMMUNICATIONS, INC.' ...... 12

9.       Conditions to Obligations of the Company and the Shareholders  ... 14

10.      Certain Covenants Prior to Closing      .......................... 16

11.      Survival of Representations and Warranties; Indemnification  ..... 17
         a.       Survival................................................. 17
         b.       Indemnification by Company and Shareholders  ............ 18
         c.       Indemnification by CLYC   ............................... 18
         d.       Procedure for Indemnification    ........................ 18
         e.       After - Tax Basis........................................ 19

12.      Investment Representation  ....................................... 20

13.      Further Assurances................................................ 21

14.      Expenses.......................................................... 21

15.      Employees of the Company    ...................................... 21

16.      Directors......................................................... 21

17.      Other Matters..................................................... 22
         a.       No Other Agreements  .................................... 22
         b.       Amendment................................................ 22
         c.       Notices.................................................. 22
         d.       Specific Performance..................................... 22
         e.       Assignment............................................... 22
         f.       Paragraphs and Other Headings     ....................... 22
         g.       Choice of Law............................................ 23
         h.       No Waiver................................................ 23
         i.       Severability............................................. 23
         j.       Counterparts............................................. 23

Exhibit "A"................................................................ 24

Exhibit "B"................................................................ 25

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                         AGREEMENT AND PLAN OF EXCHANGE

         AGREEMENT AND PLAN OF EXCHANGE (the "Agreement"),  dated as of July 11,
2000,  between Catalyst  Communications,  Inc., a Utah Corporation  ("CLYC") and
DNAPrint  genomics,  Inc., a Florida  Corporation (the "Company") and all of the
Shareholders   of  the  Company   whose  names  appear  in  Exhibit  "A"  hereto
("Shareholders").

WITNESSED:

         WHEREAS,  the  Shareholders  represent  that  they  are the  legal  and
beneficial  owners  of all of the  outstanding  shares of  capital  stock of the
Company; and

         WHEREAS, the Shareholders desire to exchange one hundred percent (100%)
of the capital  stock of the  Company  for shares of Common  Stock of `CLYC' and
`CLYC'  desires  to effect  such  exchange  and  purchase,  all on the terms and
conditions  hereinafter  set  forth in such a  manner  that  the  exchange  will
constitute  a tax-free  reorganization  pursuant  to the  provisions  of Section
368(1)(B) of the Internal Revenue Code of 1986, as amended.

         NOW  THEREFORE,  in  consideration  of  the  premises  and  the  mutual
agreements and  undertakings  hereinafter set forth, the parties do hereby adopt
said plan of  reorganization,  and, in order to consummate  said plan, do hereby
agree as follows:

1.  DELIVERY OF SHARES OF THE COMPANY.  The  Shareholders  agree to transfer and
deliver to `CLYC',  and `CLYC' agrees to acquire one hundred  percent  (100%) of
the capital stock of the Company from the  Shareholders  as set forth in Exhibit
"A" attached hereto and by this reference made a part hereof.

2. CONSIDERATION FOR TRANSFER OF SHARES. Upon closing,  CLYC agrees to issue two
million five  hundred  sixty  thousand  (2,560,000)  post-reverse  shares of its
common stock,  and fund Company in accordance with Exhibit "C" hereto.  Upon the
terms  and  subject  to the  representations  and  conditions  set forth in such
Agreement,  `CLYC'  agrees  to  deliver  said  shares to the  Shareholders  upon
finalization of this Agreement.  In addition,  three million eight hundred forty
thousand (3,840,000)  post-reverse shares (The "Escrowed Shares") of CLYC common
stock  will be held in escrow for five (5) years,  and will be  released  to the
Shareholders  based upon the terms,  conditions  and  achievements  set forth in
Exhibit "D" attached  hereto.  CLYC  anticipates a 1 for 30 reverse split of its
securities within the next twelve (12) months from the date of this Agreement.

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3.  MISCELLANEOUS  PROVISIONS  RELATING TO DELIVERY OF CLYC'S COMMON  STOCK.  No
fractional  shares of Common Stock of CLYC will be  delivered  and the number of
shares to be issued to any of the Shareholders will be rounded up to the nearest
whole share if the  Shareholder  is  entitled  to receive  one-half or more of a
share and rounded down to the nearest whole share if the Shareholder is entitled
to receive less than one-half of a share.

4. ACCESS TO BOOKS AND RECORDS.  Except as hereinafter provided,  `CLYC' and its
officers,  employees and agents,  shall have full access at all reasonable times
from and after the date hereof to the plants,  facilities,  books and records of
the Company and the Company shall cooperate fully with `CLYC' to the end that it
may become  familiar  with the  properties  and business of the Company.  `CLYC'
agrees to treat any information  which is disclosed to `CLYC' by the Company and
is proprietary or confidential to the Company, as confidential information,  and
in the event the Closing does not take place,  all documents will be returned to
the Company and `CLYC' will not make or retain  copies of any  documents or make
use of any  confidential  information  disclosed  to it in  the  conduct  of its
business.

5. CLOSING.  The Closing of the exchange  provided for herein will take place at
CLYC's office at 355 Interstate Blvd., Sarasota, Florida 34240 on July 11, 2000,
such date being herein referred to as the "Closing  Date".  At the Closing,  the
Shareholders  arranged to deliver to `CLYC' all certificates,  assignments,  and
other instruments which may be necessary,  desirable, or appropriate in order to
transfer  to  `CLYC'  all of the  outstanding  shares  of  capital  stock of the
Company,  all in form and  substance  reasonably  satisfactory  to  counsel  for
`CLYC'.  At such  Closing,  `CLYC'  shall  deliver to the  Company  certificates
evidencing  the  shares  of  Common  Stock  of  `CLYC'  to be  delivered  to the
Shareholders   pursuant  to  Paragraph  2  hereof,   together  with  such  other
instruments which may be necessary, desirable, or appropriate to accomplish such
transfers, all in form and substance satisfactory to the Shareholders.

6. REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDERS.  The Shareholders jointly
and severally represent and warrant to and agree with `CLYC' as follows:

     A. ORGANIZATION AND STANDING.  The Company is a corporation duly organized,
     validly  existing  and in good  standing  under  the  laws of the  State of
     Florida,  with full  corporate  power to carry on its business as now being
     conducted  and to own and  operate  the  property  and assets now owned and
     operated  by it, and is duly  qualified  to transact  business  and in good
     standing in each jurisdiction  where the ownership of its properties or the
     conduct of its  business  requires  it to be licensed  or  qualified  to do
     business.  The Company  also  delivered to `CLYC' a copy of its Articles of
     Incorporation  and all  amendments  thereto,  certified by the Secretary of
     State of the  State  of  Florida,  and a copy of its  By-Laws  as  amended,
     certified by its Secretary,  which documents are complete and correct as of
     the date of this Agreement.

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     B.  SUBSIDIARIES,  ETC. The Company has no subsidiaries and is not party to
     any partnership, joint venture of similar agreement, except as disclosed in
     the schedule referred to in subparagraph (f) of Paragraph 6 hereof.

     C. CAPITAL STOCK.  The authorized  capital stock of the Company consists of
     105,000  shares of Common Stock,  par value $.001,  of which 105,000 shares
     are issued and outstanding.  All of said outstanding  shares of the Company
     have  been  duly  authorized  and  validly  issued,   are  fully  paid  and
     non-assessable.  There are no  options,  warrants  or other  agreements  or
     commitments  which are now or may in the  future  obligate  the  Company to
     issue or purchase any shares of its capital stock or other securities.

     D.  INDEBTEDNESS.  The  Company  has  delivered  to `CLYC' a  schedule,  as
     attached hereto (The "Indebtedness  Schedule"),  identified by reference to
     this subparagraph, listing all promissory notes payable by the Company, all
     agreements of the Company to borrow money from others,  and all commitments
     by others to lend  money to the  Company.  As to each note,  obligation  to
     borrow  and loan  commitment,  such  schedule  accurately  sets  forth  the
     interest  rate,  terms of payment of principal  and  interest,  identity of
     security (if any) and any other  material terms of such  indebtedness.  The
     Company is not in default in any respect under,  and is not  otherwise,  in
     violation or contravention  of, any of the terms or provisions of any note,
     loan agreement,  agreement to borrow money from others or any commitment by
     others to lend money.

     E.  FINANCIAL  STATEMENTS.  The Company has  delivered  to `CLYC' a balance
     sheet (the  "Balance  Sheet") of the Company as of  December  31, 1999 (the
     "Balance Sheet Date").  All of such  financial  statements are complete and
     fairly present the financial position of the Company on the indicated dates
     and the  results of its  present  financial  position of the Company on the
     indicated  dates  and the  results  of its  operations  for  the  indicated
     periods.  All of such  statements  have been  prepared  on the tax basis of
     accounting  consistently  applied. The Company has no liabilities,  whether
     absolute,  accrued,  contingent  or otherwise,  other than (i)  liabilities
     disclosed,  (ii)  incurred in  "arms-length"  transactions  in the ordinary
     course of  business  since the  Balance  Sheet  Date and (iii)  liabilities
     disclosed in subparagraph (k) of this Paragraph 6 or the schedule  referred
     to in subparagraph (f) of this paragraph 6.

     F. CONTRACTS AND OTHER  COMMITMENTS.  The Company has delivered to `CLYC' a
     complete  and   accurate   schedule,   identified   by  reference  to  this
     subparagraph,  listing and briefly describing all Material  Contracts.  For
     this purpose,  the term "Material  Contracts"  shall be defined to mean (i)
     all contracts and commitments out of the ordinary course of business;  (ii)

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     all contracts and commitments  involving an obligation  which cannot or, in
     reasonable  probability,  will not be performed or terminated  within sixty
     (60) days from the date hereof;  (iii) all bonus,  incentive  compensation,
     pension,   group  insurance  or  employee   welfare  plans  of  any  nature
     whatsoever; (iv) all collective bargaining agreements or other contracts or
     commitments to or with any labor unions or other  employee  representatives
     or groups of  employees;  (v)  employment  contracts  and other  contracts,
     agreements  or  commitments  to or with  individual  employees,  agents  or
     consultants  extending  for a period of more than three (3) months from the
     date hereof or providing for earlier termination only upon the payment of a
     penalty or equivalent  thereof;  or (vi) all other contracts or commitments
     providing  for  payments  based in any manner upon the sales,  purchases or
     profits  of the  Company.  There has not been any  material  default in any
     obligation  to be  performed  by the Company  under any  material  contract
     listed on the said  schedule,  and the Company has not waived any  material
     right under any such material contract.

     G. INTELLECTUAL PROPERTY. The Company owns, or is licensed or otherwise has
     the full and exclusive rights to use, all patents, trademarks, trade names,
     copyrights,  technology,  know-how, processes, names and likenesses used in
     or necessary for the conduct of its business as heretofore  conducted.  The
     Company has delivered to `CLYC' a complete and accurate schedule identified
     by  reference  to this  subparagraph,  listing  all  domestic  and  foreign
     patents, patent applications,  licenses, formulae,  trademarks, trade names
     and  copyrights  owned or held by the Company and a summary of the terms of
     all  agreements  relating to  technology,  know-how or processes  which the
     Company is licensed or authorized to use by others.  Except as set forth in
     this  schedule,  the  Company has the sole and  exclusive  right to use the
     patents,   trademarks,  trade  names,  copyright,   technology,   know-how,
     processes,  names and likenesses referred to therein,  and the consummation
     of the contemplated  transactions will not alter or impair any such rights;
     no claims have been  asserted by any person to the use of any such patents,
     trademarks, trade names, copyrights, technology, know-how, processes, names
     and likenesses or challenging or questioning the validity or  effectiveness
     of any such  licenses  or  agreements,  and there is no valid basis for any
     such  claim  and  the  use  of  such  patents,   trademarks,  trade  names,
     copyrights,  technology,  know-how,  processes, names and likenesses by the
     Company does not infringe on the rights of any person.

     H.  ASSETS.  The Company has  delivered  to `CLYC' a complete  and accurate
     schedule,  identified by reference to this  subparagraph,  containing (i) a
     complete legal description of all real property owned,  leased or otherwise
     used or  occupied  by the  Company,  (ii) a list  of all  banks  and  other
     institutions  in which the Company has any account or safe deposit  showing
     the identifying numbers and names of the persons authorized to draw thereon
     or have  access  thereto,  and (iii) a list of all  capitalized  machinery,
     tools, equipment owned, leased or otherwise used by the Company.  Except as
     disclosed on the schedule referred to in subparagraph (f) of this Paragraph
     6, except as disclosed in the schedule of assets supplied  pursuant to this
     subparagraph,  and  except  as  acquired  after  the date  hereon  on terms
     approved  by  `CLYC',  the  Company  and good and  marketable  title to all

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     property and assets used in its business, including all property and assets
     reflected  in the  schedule  referred  to in this  subparagraph  and in the
     Balance  Sheet and all  properties  and assets  acquired  after the Balance
     Sheet Date (other than assets  disposed of since the Balance  Sheet Date in
     the ordinary course of business), subject to no liens, mortgages,  pledges,
     encumbrances  or charges of any kind.  The  machinery,  equipment and other
     facilities  of the  Company are in  satisfactory  operating  condition  and
     repair for the business now conducted by the Company.  At the Closing,  the
     Company  will  deliver  to  Buyer  copies  of all  records,  including  all
     signatures or  authorization  cards,  pertaining to such safe deposit boxes
     and bank accounts.

     I.  INSURANCE.  The Company has delivered to `CLYC' a complete and accurate
     schedule, identified by reference to this subparagraph, listing and briefly
     describing all policies of fire,  liability,  life, workmen's  compensation
     and other  insurance  maintained  by the Company.  All such policies are in
     full force and effect,  all  premiums  with  respect  thereto  covering all
     periods up to and  including  the Closing  Date have been paid or financed,
     and no notice of cancellation or termination has been received with respect
     to any such policy.  Such policies are sufficient  for compliance  with all
     requirements of law and all agreements to which the Company is a party; are
     valid,  outstanding and enforceable  policies;  provide adequate  insurance
     coverage for the assets and operations of the Company,  will remain in full
     force and effect through the Closing Date without the payment of additional
     premiums,  and will not in any way be affected by, or terminate or lapse by
     reason of, the  contemplated  transactions.  The  schedule  provided by the
     Company   identifies   all  risks  that  have  been   designated  as  being
     self-insured.  No insurance carrier has refused to insure any operations or
     property assets of the Company,  nor has any insurance  carrier,  which has
     carried,  or received any application  for, any such insurance  limited the
     coverage during the last three (3) years.

     J.  EMPLOYEES.  The Company has  delivered to `CLYC'  complete and accurate
     schedules,  identified  by  reference  to this  subparagraph,  listing each
     salaried  employee of the Company,  together with each employee who is paid
     on an hourly  basis and  showing  their  respective  rates of  compensation
     (including  bonuses,  if any) and fringe benefits  (including vacation time
     accrued to the  Balance  Sheet  Date).  The Company has paid in full to its
     employees  all  wages,  salaries,  commissions,  bonuses  and other  direct

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     compensation  for all  services  employed by them,  other than amounts that
     have not yet become  payable in  accordance  with the  Company's  customary
     practices.  Except as set forth in the schedule,  the Company is not liable
     for any severance pay or other  payments on account of  termination  of any
     former  employee  except as listed in this schedule,  is in compliance with
     all applicable laws  respecting  employment and employment  practices,  and
     terms and conditions of employment and wages and hours.

     K. EMPLOYEE  BENEFIT PLANS.  Except as set forth in a complete and accurate
     schedule and  identified  by reference  to this  subparagraph  delivered to
     `CLYC',  the Company does not have,  none of its  employees are covered by,
     and the Company  does not have any  obligation  with respect to, any bonus,
     deferred  compensation,  pension,  profit-sharing,  retirement,  insurance,
     stock purchase,  stock option, or other fringe benefit plan, arrangement or
     practice,  or any other employee  benefit plan (as defined in  subparagraph
     (1),  whether  formal or  informal  (collectively  "Plans").  The  schedule
     contains an accurate and complete description of, and sets forth the annual
     amount  payable  pursuant to, each of those Plans,  and the Balance  Sheets
     (which  hereinafter  shall  refer  to an  unaudited  balance  sheet  of the
     Company)  reflect in the  aggregate  an accrual of all amounts  accrued but
     unpaid  under such Plans as of their  respective  dates.  The  Company  has
     performed and complied with all of its obligations under or with respect to
     such Plans and such Plans have operated in accordance with their terms. The
     Company has no commitment,  whether formal or informal and whether  legally
     binding or not, to create any additional Plans.

     L.  ERISA.  The  Company  has  delivered  to `CLYC' a schedule of all Plans
     disclosed  or required to be  disclosed  in  subsection  (k) above that are
     employee  benefit  plans and any related  trust  agreements  (collectively,
     "Target  Plans").  The schedule lists, and the Company shall provide `CLYC'
     with copies of, (a) the most recent Internal Revenue Section  determination
     letter  relating to each of the Target  Plans (and none of the Target Plans
     has been  amended or modified  since the date of the  determination  letter
     relating to it and each of the Target Plans has been operated in accordance
     with the description contained in such determination  letter), (b) the most
     recent annual report (Form 5500 Series) and accompanying  schedules of each
     of the Target Plans filed with the  Department of Labor  pursuant to ERISA,
     (c) the most recent  certified  financial  statements of each of the Target
     Plans as of the date  thereof,  and there have been no material  changes in
     the assets or liabilities  associated with such Target Plans since the date
     of such  financial  statements.  The Company has delivered to `CLYC' copies
     of, and the  schedule  lists,  all  actuarial  reports  with respect to the
     Target Plans, which reports are complete and accurate.  Except as set forth
     in the schedule,  there are no accrued unpaid  contributions  to any of the
     Target  Plans.  The  Target  Plans have  operated  in  accordance  with the
     applicable  requirements  of ERISA and the Code.  No  reportable  event (as
     defined in section 4043(e) of ERISA),  prohibited  transactions (as defined

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     in section 406 of ERISA or section 4975 of the Code),  accumulated  funding
     deficiency  (as  defined in section 302 of ERISA) or plan  termination  (as
     defined  in Title IV of ERISA or section  411(d) of the Code) has  occurred
     with  respect  to any of the  Target  Plans.  Except  as set  forth  in the
     schedule,  no filing,  application  or other matters with respect to any of
     the Target  Plans is pending  with the Internal  Revenue  Service,  Pension
     Benefit Guaranty  corporation,  United States  Department of Labor or other
     governmental  body,  none of the  Target  Plans  has been  terminated,  the
     Pension Benefit Guaranty  Corporation has not taken any action to terminate
     any of the Target  Plans and no trustee has been  appointed by any court to
     administer  any of the  Target  Plans.  None of the  Target  Plans has been
     amended  since the date of the Balance  Sheets or will be amended  prior to
     the Closing Date.

     M.  LITIGATION.  Except as identified in a complete and accurate  schedule,
     identified by reference to this  subparagraph and delivered to `CLYC',  the
     Company is not  engaged  in or  threatened  with any legal  action or other
     proceeding before any court or administrative  agency.  The Company has not
     violated  any laws,  regulations  or order  applicable  to its  business or
     activities,  and the conduct of the present  business of the Company at the
     present  location  is in  conformity  with all  zoning  and  building  code
     requirements.

     N. ACCOUNTS RECEIVABLE.  All accounts receivable of the Company, whether or
     not reflected in the Balance Sheets or the Interim Balance Sheet, represent
     sales actually made in the ordinary course of business, and are current and
     collectible  net of any reserves shown on the Balance Sheets or the Interim
     Balance Sheet (which reserves are adequate and were  calculated  consistent
     with  past  practice).  Subject  to such  reserves,  each  of the  accounts
     receivable has been collected in full or will be collected in full, without
     any  set-off,  within  ninety  (90)  days  after  the day on which it first
     becomes due and payable.

     O. INVENTORIES.  All inventory of the Company,  whether or not reflected in
     the Balance Sheets or the Interim Balance Sheet,  consists of a quality and
     quantity usable and salable in the ordinary course of business,  except for
     obsolete items and items of below-standard  quality, all of which have been
     written off or written down to net  realizable  value in the Balance Sheets
     or the Interim  Balance Sheet.  All  inventories  not written off have been
     recorded at the lower of average  cost or market.  The  quantities  of each
     type of inventory  (whether  raw  materials,  work-in-process,  or finished
     goods) are not  excessive,  but are reasonable and warranted in the present
     circumstances  of the  Company.  All work in  process  and  finished  goods
     inventory is free from any defect or other deficiency.

     P. PURCHASE COMMITMENTS AND OUTSTANDING BIDS. No purchase commitment of the
     Company  is in excess of normal,  ordinary  and usual  requirements  of its
     business,  or was made at any price in excess  of the then  current  market
     price, or contains terms and conditions more onerous than those usually and
     customary in the industry.  In the aggregate,  the outstanding  bids, sales
     proposals,  contracts or unfilled orders of the Company (i) will not (based

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     on  today's  costs and  reasonably  foreseeable  increases  in such  costs)
     require the  Company to supply  goods or services at cost to the Company in
     excess of the  revenues to be  received  therefrom,  and (ii) quote  prices
     which include a mark-up over  reasonably  estimated  costs  consistent with
     past mark-ups on similar business.

     Q. REAL  ESTATE.  The  Company  shall have  delivered  to `CLYC' a schedule
     identified  by  reference  to this  subparagraph  listing all  contracts or
     commitments  affecting  ownership  of, title to, use of, or any interest in
     real  estate.  All such leases of real  property  are valid,  binding,  and
     enforceable  in  accordance  with  their  terms,  and are in full force and
     effect;  there are no existing  defaults (or events  which,  with notice or
     lapse of time or both, would constitute a default) by the Company,  and all
     lessors under such leases have consented  (where such consent is necessary)
     to the  consummation of the  contemplated  transactions  without  requiring
     modification  in the rights or  obligations of the lessee under such leases
     and all such  consents are listed in the schedule  provided to `CLYC'.  The
     Company has delivered executed  counterpart copies of all consents referred
     to in the preceding sentence to `CLYC'.

     R. CHANGES,  DIVIDENDS, ETC. Since the Balance Sheet Date there has been no
     material adverse change in the condition (financial or otherwise), physical
     assets,  capitalization  or business of the  Company,  no dividend or other
     distribution  declared,  paid or made on any of the shares of the Company's
     capital  stock,  no  direct  or  indirect  redemption,  purchase  or  other
     acquisition by the Company of any shares of its capital  stock,  no damage,
     destruction  or  loss  (whether  or not  covered  by  insurance)  adversely
     affecting the properties, business or prospects of the Company, no increase
     in the rate of compensation  payable or to become payable to any officer or
     other employee of the Company (except as disclosed in the schedule referred
     to in subparagraph (j) of the Paragraph 6 or approved in writing by `CLYC',
     no significant  labor  disturbances,  and no other event or condition which
     materially  and  adversely  affects the business of the Company.  Since the
     Balance  Sheet  Date,  the  business  of the  Company  has  been  conducted
     diligently  and in the  ordinary  course;  the  Company  has  not  sold  or
     transferred  any of its property or assets except in the ordinary course of
     business,  and no contracts have been entered into by the Company except in
     the ordinary course of business or with the written approval of `CLYC'.

     S. TAX RETURNS AND LIABILITIES. The Company has filed on a timely basis all
     tax returns  that are or were  required  to be filed  pursuant to the laws,
     regulations or  administrative  requirements of each governmental body with
     taxing power of it or its assets.  The Company has  delivered to `CLYC' all
     such Tax Returns filed since the Company's inception. The Company has paid,

                                       8
<PAGE>

     all Taxes that have or may have become due  pursuant to those Tax  Returns,
     or otherwise, or pursuant to any assessment received by the Company, except
     such Taxes,  if any, as are set forth in a schedule and are being contested
     in good faith and as to which adequate  reserves  (determined in accordance
     with the tax basis of accounting  consistently  applied) have been provided
     for in the Balance Sheets and Interim Balance Sheets.

     T.  BREACHES OF CONTRACTS,  ETC.  Neither the execution nor the delivery of
     this  Agreement  by  the  Company,  nor  the  performance  of  any  of  its
     obligations hereunder,  will result in a breach or violation of any term or
     provision of or constitute a default under any indenture, mortgage or other
     agreement  or  instrument  to which the  Company  is a party.  Neither  the
     execution nor the delivery of this Agreement by the  Shareholders,  nor the
     performance of any of their obligations hereunder,  will result in a breach
     or violation of any term or provision of or  constitute a default under any
     indenture,  mortgage, or other agreement which any of them is bound, or any
     law  or  order,  rule,  regulation,  writ,  injunction  or  decree  of  any
     government,  governmental instrumentality or court having jurisdiction over
     the  Shareholders  or any of their  assets or  rights,  or  results  in the
     creation  or  imposition  of any lien,  charge or  encumbrance  of any kind
     whatsoever on any of such assets or rights.

     U. TITLE TO COMPANY STOCK. Each of the Shareholders represents and warrants
     for  themselves  and not for the others;  that this Agreement has been duly
     executed and delivered by the  Shareholder(s)  and is, as to themselves,  a
     valid  agreement  binding upon them in accordance  with its terms;  that he
     individually  has valid title to the shares of capital stock of the Company
     set forth opposite their name in Exhibit "A" hereto, with full right, power
     and  authority to transfer,  sell and deliver such shares  pursuant to this
     Agreement;  and  that,  upon  delivery  of their  shares  pursuant  to this
     Agreement,  `CLYC' will receive valid and marketable title to their shares,
     free  and  clear  of  all  voting  or  other  trust  arrangements,   liens,
     encumbrances,   restrictions,  and  adverse  claims,  whether  existing  or
     contingent.

     V. CONFLICT OF INTERESTS. Neither the Company nor any of its affiliates (as
     this term is defined in the  Securities Act of 1933 [the "1933 Act"] and in
     the  rules and  regulations  promulgated  by the  Securities  and  Exchange
     Commission ["SEC"]  thereunder) has, either directly or indirectly,  (i) an
     interest in any corporation,  partnership,  proprietorship,  association or
     other person or entity which  produces or sells those products and services
     which are produced or sold by the Company, or (ii) a beneficial interest in
     any  contract or  agreement to which the Company is a party or by which the
     Company may be bound. For the purpose of this subparagraph,  there shall be

                                       9
<PAGE>

     disregarded  any interest  which arises  solely from the  ownership of less
     than a five percent (5%) equity interest in a corporation which has a class
     of  securities  regularly  traded  on  any  securities  exchange  or in the
     over-the-counter market, or quoted on any inter dealer quotation system.

     W. DISCLOSURE.  No representations or warranties by the Shareholders or the
     Company  in this  Agreement  and no  statement  contained  in any  document
     (including,  without  limitation,  financial  statements,  the  schedules),
     certificate, or other writing furnished or to be furnished to `CLYC' or any
     of its  representatives  pursuant to the provisions hereof or in connection
     with the  contemplated  transactions,  contains or will  contain any untrue
     statement  of material  fact or omits or will not state any  material  fact
     necessary  to make  the  statements  herein  or  therein,  in  light of the
     circumstances  under  which  they  are  made,  not  misleading.   Documents
     delivered or to be delivered to `CLYC'  pursuant to this  Agreement  are or
     will be true and  complete  copies of what they  purport to be. There is no
     fact known to the officers,  directors or employees of the Company  unknown
     to `CLYC' on the date of this Agreement that may affect or does affect in a
     materially  adverse  manner  CLYC's  ability to conduct the business of the
     Company substantially as conducted prior to such date.

7.  REPRESENTATIONS  AND WARRANTIES OF CLYC. CLYC represents and warrants to and
agrees with the Company as follows:

     A. ORGANIZATION AND STANDING. CLYC is a corporation duly organized, validly
     existing  and in good  standing  under the laws of the State of Utah,  with
     full corporate power to carry on its business as now being conducted and to
     own and operate the  property  and assets now owned and operated by it, and
     is  duly  qualified  to  transact  business  and in good  standing  in each
     jurisdiction  where the  ownership of its  properties or the conduct of its
     business requires it to be licensed or qualified to do business.

     B. CAPITAL STOCK.  The authorized  capital stock of `CLYC'  consists of two
     hundred million  (200,000,000) shares of Common Stock, $0.01 par value, one
     hundred  ninety-two  million  three  hundred  sixty  thousand  nine hundred
     eighty-six  (192,360,986)  shares of Common Stock are presently  issued and
     outstanding.  All of said outstanding shares are validly issued, fully paid
     and non-assessable.  CLYC is filing the necessary paperwork to increase the
     authorized  capital stock of `CLYC' to five hundred  million  (500,000,000)
     shares of Common Stock.

     C.  VALIDITY OF SHARES.  The shares of Common Stock to be delivered by CLYC
     pursuant to this Agreement will,  when so delivered,  be validly issued and
     outstanding, fully paid and non-assessable.

     D. CHANGES, DIVIDENDS, ETC. Prior to the Closing hereunder, `CLYC' will not
     split,  combine or otherwise  change or reclassify its  outstanding  Common
     Stock or declare or distribute  any cash or stock dividend upon such Common
     Stock.

                                       10
<PAGE>

     E.  AUTHORIZATION  OF  AGREEMENT.   CLYC's  Board  of  Directors  has  duly
     authorized  the  execution,  delivery and  performance of this Agreement by
     CLYC has been duly  authorized by CLYC's Board of  Directors,  and will not
     result in any  breach  of or  violate  or  constitute  a default  under its
     Articles of  Incorporation  or By-Laws or any indenture,  mortgage or other
     agreement or instrument to which it is a party.

     F. NO VIOLATION OF LAW,  ETC.  Neither the  execution,  nor the delivery of
     this  Agreement  by CLYC,  nor the  performance  of any of its  obligations
     hereunder  will result in a breach or  violation of any law,  order,  rule,
     regulation,  writ, injunction or decree or any governmental instrumentality
     or court having  jurisdiction  over CLYC or any of its assets or rights, or
     result in the creation or imposition of any lien,  charge or encumbrance of
     any kind whatever on any of such assets or rights.

     G.  FINANCIAL  STATEMENTS.  `CLYC" has delivered to the Company its initial
     balance sheet as of May 1, 2000,  and the related  statement of shareholder
     equity. Such financial statements have been initialed by officers of `CLYC'
     and the Company for identification. Such financial statements are complete,
     have  been  prepared  in  accordance  with  the  tax  basis  of  accounting
     consistently applied and fairly present the consolidated financial position
     of `CLYC' at such date,  and the results of its  operations  for the period
     therein specified.

     H. NO  MATERIAL  CHANGES.  Since July 1, 2000,  there has been no  material
     change in the condition  (financial  or  otherwise),  assets,  liabilities,
     capitalization or business of `CLYC',  which have not been disclosed to the
     Company.

8.  CONDITIONS AND  OBLIGATIONS  OF CLYC.  The  obligations of `CLYC' under this
Agreement are of the following conditions precedent:

     a. All  representations  and warranties of the Shareholders and the Company
     contained  herein  and in any  certificate  or other  investment  delivered
     pursuant to the provisions  hereof,  or in connection with the transactions
     contemplated  hereby, shall be true on the Closing Date with the same force
     and effect as though such  representations  and warranties had been made on
     the Closing Date.

     b. The  Shareholders and the Company shall have performed and complied with
     all  of the  terms,  covenants  and  conditions  of  this  Agreement  to be
     performed or complied with by them, respectively,  on or before the Closing
     Date.

                                       11
<PAGE>

     c. The Directors of the Company  shall have taken all  necessary  action to
     authorize the execution and performance of this Agreement,  and the Company
     shall have delivered to `CLYC' true and complete  copies,  certified by the
     Secretary, of Resolutions of its Board of Directors evidencing such action.

     d. The Shares of CLYC's  Common  Stock,  $0.01 par  value,  which are to be
     delivered within thirty (30) days from the Closing Date to the Shareholders
     in accordance with the terms hereof shall have been listed or authorized to
     be listed on the Exhibit "B".

     e. The  Shareholders  and the Company  shall have  delivered to `CLYC' such
     certificates  dated as of the Closing  Date.  Certifying  in such detail as
     `CLYC'  may  reasonably  request  to  the  fulfillment  of  the  conditions
     specified  in this  Paragraph  8.  No  legend  or  other  reference  to any
     purported  encumbrance  shall  appear on any  certificate.  The delivery of
     certificates  to  `CLYC'  provided  in  Paragraph  2 will  result in CLYC's
     immediate  acquisition  of record and  beneficial  ownership of the Shares,
     free and clear of all encumbrances (which term shall be hereinafter defined
     as  any  security  interest,   mortgage,  lien  charge,  adverse  claim  or
     restriction of any kind, including,  but not limited to, any restriction on
     the use,  voting,  transfer,  receipt  of income or other  exercise  of any
     attributes of ownership).

     f. Upon request,  The Company shall have  delivered to `CLYC' an opinion of
     its counsel for the Shareholders  and the Company,  dated as of the Closing
     Date, to the effect that:

          i.  The  Company  is  duly  organized,  validly  existing  and in good
          standing  under the laws of the State of Florida,  with full corporate
          power and  authority to enter into and perform its  obligations  under
          this Agreement, to own and hold its properties owned and leased and to
          carry on the business in which it is engaged, and is legally qualified
          to do  business  as a foreign  corporation  in good  standing  in each
          jurisdiction  wherein the nature of its  activities or its  properties
          owned or leased makes such qualification necessary.

          ii. The execution,  delivery and performance of this Agreement and the
          instruments   executed  and  delivered  to  `CLYC'  pursuant  to  this
          Agreement by the Company,  have been duly and validly  authorized  and
          approved (as required by law and the terms of this  Agreement)  by the
          Company's  Board of Directors and this Agreement and such  instruments
          have  been  duly  executed  and  delivered  by  the  Company  and  the
          Shareholders  and constitute  the valid and binding  obligation of the
          Company and the Shareholders,  respectively, enforceable in accordance
          with  their  respective  terms,   except  as  limited  by  bankruptcy,
          insolvency  and other laws  affecting  the  enforcement  or creditor's
          rights.

                                       12
<PAGE>

          iii. The execution, delivery and performance of this Agreement and the
          consummation of the transactions  contemplated  herein will not result
          in any breach or  violation of any of the terms or  provisions  of, or
          constitute a default under, the Company's Articles of Incorporation or
          By-Laws,  or, to the knowledge of such counsel,  any term or provision
          of any indenture,  mortgage,  deed of trust,  lease,  loan  agreement,
          security  agreement,  or other  agreement,  instrument,  commitment or
          arrangement,  to which the  Company  or any of its  Shareholders  is a
          party or by which the Company or any of the  Shareholders  is bound or
          to which any of the Company's properties is subject.

          iv. The Company is  authorized  by its  Articles of  Incorporation  to
          issue  105,000  shares  of  capital  stock,  all  of  which  are  duly
          authorized,   validly   issued   and   outstanding,   fully   paid  or
          non-assessable,  and the  issuance  and sale of such shares did not to
          the  knowledge of such  counsel  violate the 1933 Act or the rules and
          regulations of the SEC thereunder or any applicable  state  securities
          or Blue Sky Laws.  The Company has no other  authorized or outstanding
          series or class of capital stock or other  securities,  or outstanding
          options,  warrants  or  other  rights  to  acquire  securities  of the
          Company.  The Shareholders are the record and beneficial owners of the
          respective  number of shares of the Company's  capital stock set forth
          opposite their names in Exhibit "A" hereto.

          v. Insofar as is known to such counsel,  all  assignments,  powers and
          other  documents  necessary to effect the transfer and delivery of the
          outstanding  shares  of  capital  stock of the  Company  to  `CLYC' as
          provided  for herein  have been duly  executed  and  delivered  by the
          Shareholders  and  are  adequate  to  transfer  to  `CLYC'  valid  and
          marketable title to said shares.

          vi. Such  counsel has no knowledge of any  litigation,  proceeding  or
          governmental  investigation or labor dispute or labor trouble, pending
          or  threatened  against  the  Company,   except  matters  specifically
          mentioned in the schedule  required by subparagraph (m) of Paragraph 6
          above.

In  rendering  such  opinion,  such counsel may rely on  certificates  of public
officials and upon  certificates of officers of the Company and the Shareholders
and upon  opinions of counsel  retained by the  Company or the  Shareholders  in
States other than California,  copies of which certificates and opinion shall be
furnished to `CLYC'.

     g. No action or  proceeding by any  governmental  body or agency shall have
     been  threatened,  asserted or  instituted  to  restrain  or  prohibit  the
     carrying out of the transactions contemplated by this Agreement.

     h. All corporate and other  proceedings and action taken in connection with
     the  transactions  contemplated  by this  Agreement  and all  certificates,
     opinions,   agreements,   instruments,  and  documents  mentioned  in  this
     Paragraph  8 or  incident  to any  such  transaction  shall  be  reasonably
     satisfactory in form and substance to `CLYC'.

                                       13
<PAGE>

The conditions contained in this Paragraph 8 are included herein for the benefit
of `CLYC' and, without constituting a waiver of any of its rights hereunder, may
be waived, in whole or in part, by `CLYC'.

9.  CONDITIONS TO OBLIGATIONS OF THE COMPANY AND THE  SHAREHOLDERS.  The Company
and the Shareholders under this Agreement are subject to the fulfillment,  on or
before the Closing Date, of the following conditions:

     a. All representations and warranties of `CLYC' contained herein and in any
     certificate  or  other  instrument  delivered  pursuant  to the  provisions
     hereof, or in connection with the transactions  contemplated  hereby, shall
     be true on the  Closing  Date with the same force and effect as though such
     representations and warranties had been made on the Closing Date.

     b.  `CLYC'  shall  have  performed  and  complied  with  all of the  terms,
     covenants and conditions of this Agreement to be performed or complied with
     by it on or before the Closing Date.

     c. `CLYC' shall have  delivered to the  Shareholders  a certificate  of its
     President or a Vice President and its Secretary or an Assistant  Secretary,
     dated as of the Closing Date, certifying in such detail as the Shareholders
     may reasonably  request to the  fulfillment of the conditions  specified in
     this Paragraph 9.

     d. The Shares of CLYC's  Common  Stock,  $0.01 par  value,  which are to be
     issued to the Shareholders within thirty (30) days from the Closing Date in
     accordance  with the terms hereof shall have been listed or authorized  for
     listing on the Exhibit "B".

     e. The Board of Directors of `CLYC' shall have taken all  necessary  action
     to authorize the execution and performance of this Agreement, including the
     delivery  of  shares  of Common  Stock of  `CLYC'  to the  Shareholders  in
     accordance  with this  Agreement,  and `CLYC'  shall have  delivered to the
     Shareholders  true  and  complete  copies  certified  by its  Secretary  or
     Assistant  Secretary,  of Resolutions of its Board of Directors  evidencing
     such action.

     f. `CLYC' shall represent to the Shareholders that:

          i. `CLYC' is a corporation  duly  organized,  validly  existing and in
          good standing under the laws of the State of Utah,  with an authorized
          capitalization as set forth in subparagraph (b) of Paragraph 7 of this
          Agreement, with full corporate power

                                       14
<PAGE>

          and  authority  to enter into and perform its  obligations  under this
          Agreement,  to own and hold its  properties  owned and  leased  and to
          carry on the business in which it is engaged.

          ii. The  Execution,  delivery  and  performance  of this  Agreement by
          `CLYC' have been duly and validly authorized and approved (as required
          by law  and by the  terms  of  this  Agreement)  by  CLYC's  Board  of
          Directors  and this  Agreement has been duly executed and delivered by
          `CLYC' and constitutes  the valid and binding  obligation of `CLYC' in
          accordance   with  its  terms,   except  as  limited  by   bankruptcy,
          insolvency,  and other laws  affecting the  enforcement  of creditors'
          rights.

          iii. The execution, delivery and performance of this Agreement and the
          consummation of the transactions  contemplated  herein will not result
          in any breach or  violation of any of the terms or  provisions  of, or
          constitute a default under,  the Articles of  Incorporation or By-Laws
          of `CLYC' or, to the  knowledge  of such  counsel,  any  statue,  law,
          order, rule or regulation of any court of governmental  agency or body
          having jurisdiction over `CLYC' or any of its activities or properties
          or, to the  knowledge  of such  counsel,  any term or provision of any
          indenture,   mortgage,   security   agreement,   or  other  agreement,
          instrument,  commitment or arrangement,  to which `CLYC' is a party or
          by which it is bound or to which its property is subject.

                                       15
<PAGE>
          iv. The shares of `CLYC' to be  delivered to the  Shareholders  within
          thirty (30) days from the Closing Date pursuant to Paragraph 2 hereof,
          have  been duly  authorized  and upon such  delivery  will be  validly
          issued,  fully  paid,  non-assessable  and  listed or  authorized  for
          listing on the Exhibit "B".

     g. No action or  proceeding by any  governmental  body or agency shall have
     been  threatened,  asserted or  instituted  to  restrain  or  prohibit  the
     carrying out of the transactions contemplated by this Agreement.

     h. All corporate and other proceedings and actions taken in connection with
     the  transactions   contemplated  hereby  and  all  certificates  opinions,
     agreements,  instruments  and  documents  mentioned in this  Paragraph 9 or
     incident  to any  such  transaction  shall  be  satisfactory  in  form  and
     substance to the Shareholders and their counsel.

The conditions contained in this Paragraph 9 are included herein for the benefit
of the  Shareholders  and,  without  constituting  a waiver of any of its rights
hereunder, may be waived, in whole or in part, by the Shareholders.

10. CERTAIN COVENANTS PRIOR TO CLOSING.

     a. The Shareholders will use their best efforts, and take such other action
     as  may be  necessary,  to  fulfill  all of  the  conditions  contained  in
     Paragraph 8 hereof and to authorize and  consummate,  and cause the Company
     to authorize and consummate, all of the transactions herein contemplated.

     b. `CLYC' will use its best  efforts,  and take such other action as may be
     necessary, to fulfill all of the conditions contained in Paragraph 9 hereof
     and  to  authorize  and   consummate   all  of  the   transactions   herein
     contemplated.

     c. Between the date of this Agreement and the Closing Date, the Company and
     Shareholders shall (a) give `CLYC' and its authorized  representatives full
     access to all offices,  warehouses  and other  facilities and properties of
     the Company and to the books and records of the Company (and permit  `CLYC'
     to make copies thereof), (b) permit `CLYC' to make inspections thereof, and
     (c) cause its officers and its advisors (including, without limitation, its
     auditors, attorneys,  financial advisors and other consultants,  agents and
     advisors) to furnish  `CLYC' with such  financial  and  operating  data and
     other  information  with  respect to the  business  and  properties  of the
     Company, and to discuss with `CLYC' and its authorized  representatives the
     affairs  of the  Company,  all as `CLYC'  may from time to time  reasonably
     request.

                                       16
<PAGE>

     d. Between the date of this Agreement and the Closing Date, the Company and
     Shareholders  shall  give  notice to `CLYC'  promptly  upon the  Company or
     Shareholders  becoming aware of (a) any inaccuracy of a  representation  or
     warranty set forth in any schedule or (b) any event or state of facts that,
     if it had  occurred  or existed on or prior to the date of this  Agreement,
     would have caused any such  representation  and warranty to be  inaccurate,
     any such notice to  describe  such  inaccuracy,  event or state of facts in
     reasonable detail.

     e. Between the date of this Agreement and the Closing Date, the Company and
     Shareholders  shall  cause (a) copies of all  reports  and other  documents
     given to the members of the Board of Directors (or any  committee  thereof)
     of the Company to be delivered to `CLYC' at the same time and (b) copies of
     the minutes of all meetings of, and actions taken without a meeting by, the
     Board  of  Directors  (or  any  committee  thereof)  of the  Company  to be
     delivered to `CLYC'  promptly after the  preparation  thereof.  Between the
     date of this Agreement and the Closing,  the Company and Shareholders shall
     give  `CLYC' at least  three (3) days  prior  notice of any  meeting  of or
     action  to be taken  without  a  meeting  by,  the  Board of  Directors  or
     committee thereof, of the Company and shall cause the Company to permit one
     individual designated by `CLYC' to attend each such meeting as an observer.

     f. Between the date of this  Agreement  and the Closing Date,  `CLYC',  the
     Company and  Shareholders  shall discuss and coordinate with respect to any
     public  filing  or   announcement   concerning  any  of  the   contemplated
     transactions.

     g.  `CLYC'  and  Shareholders  shall  cause the  Company  to, (a) file with
     applicable  regulatory  authorities the applications and related  documents
     required  to be  filed  by  them  (and  prosecute  diligently  and  related
     proceedings) in order to consummate the  contemplated  transactions and (b)
     cooperate with the others as they may reasonably request in connection with
     the following.

11. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION.

     A. SURVIVAL.  All  representations,  warranties and agreements contained in
     this Agreement shall survive the Closing  notwithstanding any investigation
     conducted with respect  thereto;  however,  a party shall have no liability
     with  respect to a  representation  and  warranty,  or an  agreement  to be
     performed or complied  with prior to the Closing  Date,  to the extent that
     the  inaccuracy  of such  representation  and  warranty  or the  failure to
     perform  and  comply  with  such  agreement  was  not  intentional  and was
     disclosed in a schedule delivered pursuant to this Agreement.

                                       17
<PAGE>

     B.   INDEMNIFICATION   BY  COMPANY  AND   SHAREHOLDERS.   The  Company  and
     Shareholders,  jointly and  severally,  shall  indemnify  and hold harmless
     `CLYC', and shall reimburse `CLYC' for any loss, liability,  claim, damage,
     expense (including,  but not limited to, costs of investigation and defense
     and  reasonable  attorneys'  fees) or  diminution  of  value  (collectively
     "Damages") arising from or in connection with, (a) any inaccuracy in any of
     the  representations  and warranties of the Company or Shareholders in this
     Agreement,  or any actions,  omissions or state of facts  inconsistent with
     any such  representation  or  warranty,  (b) any  failure by the Company or
     Shareholders to perform or comply with any agreement in this Agreement, (c)
     any claim by any person for  brokerage or finder's fees or  commissions  or
     similar payments based upon any agreement or understanding  alleged to have
     been made by any such person with the  Company or any  Shareholder  (or any
     person acting on their behalf) in connection  with any of the  contemplated
     transactions.

     C. INDEMNIFICATION BY `CLYC'.  `CLYC' shall indemnify and hold harmless the
     Company and Shareholders,  and shall reimburse the Company and Shareholders
     for, any Damages  arising from or in connection  with (a) any inaccuracy in
     any of the representations  and warranties of `CLYC' in this Agreement,  or
     any  actions,  omissions  or  state  of  facts  inconsistent  with any such
     representation or warranty,  (b) any failure by `CLYC' to perform or comply
     with any  agreement in this  Agreement,  or (c) any claim by any person for
     brokerage or finder's fees or  commissions  or similar  payments based upon
     any  agreement  or  understanding  alleged to have been made by such person
     with `CLYC' (or any person acting on its behalf) in connection  with any of
     the contemplated transactions without having been discussed by the Company.

     D. PROCEDURE FOR INDEMNIFICATION.  Promptly after receipt by an indemnified
     party of notice of the commencement of any action,  such indemnified  party
     shall,  if a claim in respect thereof is to be made against an indemnifying
     party  under such  section,  give notice to the  indemnifying  party of the
     commencement  thereof,  but the failure so to notify the indemnifying party
     shall not relieve it of any liability  that it may have to any  indemnified
     party except to the extent the  indemnifying  party  demonstrates  that the
     defense of such action is prejudiced thereby. In case any such action shall
     be brought  against an  indemnified  party and it shall give  notice to the
     indemnifying  party of the commencement  thereof,  the  indemnifying  party
     shall be entitled to  participate  therein and, to the extent that it shall
     wish,  to assume the defense  thereof  with  counsel  satisfactory  to such
     indemnified  party and,  after notice from the  indemnifying  party to such
     indemnified  party of its  election so to assume the defense  thereof,  the
     indemnifying  party under such section for any fees of other counsel or any
     other  expenses,  in each case  subsequently  incurred by such  indemnified
     party in connection with the defense  thereof,  other than reasonable costs
     of investigation.  If an indemnifying  party assumes the defense of such an
     action,  (a) no  compromise  or  settlement  thereof may be effected by the
     indemnifying party without the indemnified party's consent, which shall not
     be unreasonably withheld unless (i) there is no finding or admission of any
     violation of law or any violation of the rights of any person and no effect

                                       18
<PAGE>

     on any other claims that may be made against the indemnified  party and (b)
     the  indemnifying  party  shall  have  no  liability  with  respect  to any
     compromise or settlement thereof effected without its consent,  which shall
     not be unreasonably  withheld.  If notice is given to an indemnifying party
     of the  commencement  of any action  and it does not,  within ten (10) days
     after  indemnified  party's notice is given, give notice to the indemnified
     party of its election to assume the defense thereof, the indemnifying party
     shall be bound by any  determination  made in such action or any compromise
     or settlement  thereof effected by the indemnified  party.  Notwithstanding
     the foregoing,  if an indemnified party determines in good faith that there
     is a reasonable  probability  that an action may adversely  affect it other
     than as a result of monetary damages, such indemnified party may, by notice
     to the indemnifying party, assume the exclusive right to defend, compromise
     or settle such action, but the indemnifying party shall not be bound by any
     determination  of an action so defended  or any  compromise  or  settlement
     thereof  effected  without its  consent,  which  shall not be  unreasonably
     withheld.

     E. AFTER-TAX BASIS. In determining the Damages suffered by any person,  the
     amount thereof shall be reduced by any tax benefit  realized by such person
     as a result of the incidence of such Damages.  Any payment required by this
     Paragraph 11 (for  indemnification  or otherwise) in respect of the Damages
     suffered by any person shall be in an amount that after  deducting  any tax
     cost  incurred  by the  person  receiving  that  payment  equal the  amount
     required to be paid as determined  under the applicable  provisions  (other
     than this  sentence) of this  Paragraph  11. The tax benefit  realized by a
     person by reason of any  payment  or other  matter  shall be the  amount by
     which (a) the aggregate  federal and state income and franchise  taxes that
     would have been,  but for such  payment  or other  matter,  payable by such
     person for the fiscal  year,  if any, in which such payment or other matter
     is taken into account ("but-for tax") exceeds (b) the aggregate federal and
     state income and franchise  taxes actually  payable by such person for such
     fiscal year  ("actual  tax") and the tax cost of any  payment  shall be the
     amount by which the actual tax exceeds but-for tax.

     f.  Notwithstanding  anything above  contained to the contrary in Paragraph
     11, (i) none of the  provisions  of this  Paragraph  11 shall  apply to any
     liability  (whether by `CLYC' to one or more of the  Shareholders or by one
     or more the  Shareholders  to  `CLYC')  arising  out of or by virtue of the
     Provisions  of Paragraph 12 below or any  violation  of the  provisions  of
     Paragraph 12, and (ii) the  provisions  of said  Paragraph 12 shall survive
     the Closing Date.

                                       19
<PAGE>

12. INVESTMENT  REPRESENTATION.  Each of the Shareholders  acknowledges  his/her
understanding  that the shares of CLYC's  Common  Stock to be  delivered  to the
Shareholders  pursuant to this Agreement will not be registered  pursuant to the
1933 Act and each of the  Shareholders  further  represents  to and agrees  with
`CLYC' as follows:

     a. He/she is acquiring the shares of CLYC's  Common Stock  pursuant to this
     Agreement for his/her own private personal  investment  account and with no
     present  intention of reselling or distributing  such shares or any portion
     thereof to others.

     b. They fully  comprehend that in connection with the issuance of shares of
     CLYC's  Common  Stock  pursuant to this  Agreement,  `CLYC' is relying to a
     material degree on the representations,  warranties and covenants contained
     herein, and with such realization he/she authorizes `CLYC' to act as it may
     see fit in full reliance hereon.

     c.  He/she  agrees  that  none  of  such  shares  will  be  transferred  or
     distributed  unless  (i)  they are  covered  by an  effective  Registration
     Statement prepared in accordance with the 1933 Act and are distributed in a
     manner  complying  with the 1933 Act and  with the  Rules  and  Regulations
     promulgated thereunder;  or (ii) they may be transferred in accordance with
     Rule 144 of the Rules  and  Regulations  pursuant  to the 1933 Act (or such
     similar Rule as may be  applicable  to such shares at the time of transfer)
     so long as such transfer strictly complies with said Rule 144 and with such
     procedures as `CLYC' may reasonably establish in connection  therewith;  or
     (iii) there is first delivered to `CLYC' the written legal opinion of legal
     counsel  in form and  substance  reasonably  satisfactory  to CLYC's  legal
     counsel  or a "no  action  letter"  from  SEC  indicating  that  any of the
     provisions  of the  1933  Act and the  Rules  and  Regulations  promulgated
     thereunder. In the event such legal opinion is based upon the exemption now
     contained in Section 4(2) of the 1933 Act, the person  acquiring  shares or
     some portion thereof shall execute and deliver to `CLYC' a letter agreement
     complying  with the  1933 Act and the  Rules  and  Regulations  promulgated
     thereunder.

     d. He/she hereby agrees that the  certificate(s)  representing  such shares
     may bear a legend, as set forth below,  setting forth the restrictions upon
     transfer  which are  contained in the foregoing  subparagraph  (c) and that
     `CLYC' may deliver to its transfer agents a "stop transfer order" directing
     the  transfer  agents not to effect any  transfer  of such  shares  without
     having  received the  permission of `CLYC' and evidence of compliance  with
     applicable provisions of the 1933 Act and the terms of this Agreement.

                                       20
<PAGE>

                  The  shares  represented  by this  certificate  have  not been
                  registered  under the  Securities  Act of 1933 (the "Act") and
                  are  "restricted  securities"  as that term is defined in Rule
                  144 under the Act.  The shares  may not be  offered  for sale,
                  sold or otherwise  transferred except pursuant to an exemption
                  from registration  under the Act, the availability of which is
                  to be established to the satisfaction of `CLYC'.

     e.  He/she  hereby  agrees  that to  indemnify  `CLYC'  against and hold it
     harmless  from all  losses,  liabilities,  costs  and  expenses  (including
     reasonable  attorneys'  fees)  which  shall  arise as a result of a sale or
     distribution  by him/her of such shares or any portion thereof in violation
     of the 1933 Act or the terms of this Agreement.

13. FURTHER ASSURANCES.

     a. At the request of `CLYC', and without further consideration, the Company
     and  Shareholders  will execute and deliver such additional  instruments of
     transfer and will take such other action as `CLYC'  reasonably  may request
     in order more  effectively to transfer to `CLYC' full ownership and control
     of the Company.

     b. At the request of one or more of the  Shareholders,  and without further
     consideration,  `CLYC' will execute and deliver such additional instruments
     and will take such other actions as Shareholders may reasonably  request in
     order more effectively to carry out the transaction contemplated hereby.

14.  EXPENSES.  CLYC  shall  bear  the  expenses  incident  to the  preparation,
negotiation   and  delivery  of  this  Agreement  and  the  performance  of  its
obligations hereunder.

15. EMPLOYEES OF THE COMPANY. `CLYC' agrees to maintain the employment of all of
the  company's  employees in their present  positions,  with the same salary and
seniority.

16.  DIRECTORS.  One (1) seat on the Board of  Directors  of `CLYC'  may be made
available to the  Company.  Should one seat be made  available to Company,  CLYC
shall  select  one  person  to serve  CLYC,  under  its  by-laws,  as a Board of
Director.

                                       21
<PAGE>
17. OTHER MATTERS.

     A. NO OTHER AGREEMENTS.  All terms and conditions of this Agreement are set
     forth herein,  and there are no warranties,  agreements or  understandings,
     express or implied, except those expressly set forth herein.

     B.  AMENDMENT.  This Agreement may be amended only by a written  instrument
     executed on behalf of CLYC, the Company and the Shareholders.

     C. NOTICES.  Any notice or other communication  required or permitted to be
     given hereunder  shall be deemed properly given if personally  delivered or
     deposited in the United  States mail,  registered  or certified and postage
     prepaid,  addressed to the Company or the Shareholders at 1748 Independence
     Blvd., Suite D1, Sarasota, Florida 34234, or at such other addresses as may
     from time to time be designated by the respective parties in writing.

     D. SPECIFIC PERFORMANCE. The parties acknowledge that the subject matter of
     this Agreement (i.e., the business and assets of the Company) is unique and
     that no  adequate  remedy  of law  would be  available  for  breach of this
     Agreement.  Accordingly,  each party agrees that the other  parties will be
     entitled  to  an  appropriate  decree  of  specific  performance  or  other
     equitable  remedies to enforce  this  Agreement  (without any bond or other
     security being required) and each party waives the defense in any action or
     proceeding  brought to enforce this Agreement that there exists an adequate
     remedy at law.

     E.  ASSIGNMENT.  Except  as  specifically  permitted  by the  terms of this
     Agreement,  neither this  Agreement nor any right  created  hereby shall be
     assignable by CLYC. The Company or the  Shareholders  (or their  respective
     successors  in  interest)  without the prior  written  consent of all other
     parties hereto and any such attempted  assignment shall be void. Nothing in
     this  agreement,  expressed  or implied,  is  intended to convert  upon any
     person,  other than the parties hereto;  any rights or remedies under or by
     reason of this Agreement.  Notwithstanding  any other provisions  herein to
     the contrary,  the right of each of the  Shareholders  to receive shares of
     CLYC's Common Stock  pursuant to Paragraph 2 hereof shall not be assignable
     except upon the death of such  Shareholder by  testamentary  disposition or
     the law of intestate succession.

     F. PARAGRAPHS AND OTHER HEADINGS. Paragraphs or other headings contained in
     this Agreement are for reference  purposes only and shall not affect in any
     way the meaning or interpretation of this Agreement.

                                       22
<PAGE>

     G. CHOICE OF LAW. It is the  intention  of the parties that the laws of the
     State  of  Florida  should  govern  the  validity  of this  Agreement,  the
     construction of its terms and the  interpretation  of the rights and duties
     of the parties.

     H. NO WAIVER.  The failure of any party to insist upon strict  adherence to
     any term of this Agreement on any occasion shall not be considered a waiver
     or  deprive  that  party of the  right  thereafter  to insist  upon  strict
     adherence to that term or any other term of this Agreement. Any waiver must
     be in writing.

     I.  SEVERABILITY.  In the  event  that  any one or  more of the  provisions
     contained  in this  Agreement  shall for any reason be held to be  invalid,
     illegal or unenforceable, the same shall not affect any other provisions of
     this  Agreement,  but this Agreement shall be construed as if such invalid,
     illegal or unenforceable provisions had never been contained herein.

     J.   COUNTERPARTS.   This   Agreement  may  be  executed  in  one  or  more
     counterparts,  each of which  shall be  deemed an  original,  but all shall
     constitute one and the same instrument.

     IN WITNESS  WHEREOF,  the parties  hereto have executed and delivered  this
Agreement as of the day and year first above written.

                                        DNAPRINT GENOMICS, INC.

                                        -------------------------------------

                                        -------------------------------------
                                        CHIEF SCIENTIFIC OFFICER

                                        CATALYST COMMUNICATIONS, INC.

                                        -------------------------------------

                                        -------------------------------------
                                        CHAIRMAN

                                       23
<PAGE>

                                E X H I B I T "A"

                  List of DNAPrint genomics, Inc. Shareholders

                            OUTSTANDING NUMBER OF
SHAREHOLDER NAME           DNAPRINT GENOMICS, INC.  SHARES

Tony Frudakis                               27,500
George Frudakis                             27,500
Carl Smith, III                             50,000

Total Shares                               105,000

Percentages                                 100%

                                       24
<PAGE>
                                E X H I B I T "B"

SECTION I.

     Issuance of 2,560,000  post-reverse shares of CLYC common stock to DNAPrint
genomics, Inc. shareholders at closing will be as follows:

         SHAREHOLDER NAME                            NUMBER OF `CLYC' SHARES

         _Tony Frudakis___________________           _____670,476____________

         _George Frudakis_________________           _____670,476____________

         _Carl Smith, III_________________           _____1,219,048___________

         Total Shares                                ____2,560,000____

SECTION II.

OPERATION OF THE PORTFOLIO OF ESCROWED SHARES

     The three million eight hundred  forty  thousand  (3,840,000)  post-reverse
shares of CLYC common stock held in escrow will be released to the  Shareholders
according to the terms,  conditions  and  achievements  set forth in Exhibit "D"
attached hereto.

     The  shares  shall  be  issued  to the  below  listed  shareholders  in the
following percentages:

         SHAREHOLDER NAME                                     PERCENTAGE

         _TONY FRUDAKIS__________________            _________26.2%__________

         _GEORGE FRUDAKIS________________            _________26.2%__________

         _CARL SMITH, III___________________         _________47.6%__________

                                       25
<PAGE>

                                   EXHIBIT "C"

SECTION I.
FUNDING

CLYC shall fund Company based on the following schedule.  Each scheduled payment
will be made on the  fifteenth  (15TH)  day of the month.  Should the  fifteenth
(15TH) day of the month fall on a weekend or legal holiday, payment will be made
the following Monday or the following business day subsequent to the holiday.

         MONTH                                             PAYMENT

         JULY, 2000*                                       $118,508.00
         AUGUST, 2000                                      $  75,883.00
         SEPTEMBER, 2000                                   $  77,700.00
         OCTOBER, 2000                                     $  67,095.00
         NOVEMBER, 2000                                    $  69,510.00
         DECEMBER, 2000                                    $  94,552.00
         JANUARY, 2000                                     $  84,630.00
         FEBRUARY, 2001                                    $  73,762.00
         MARCH, 2001                                       $  76,598.00
         APRIL, 2001                                       $  74,812.00
         MAY, 2001                                         $  74,865.00
         JUNE, 2001                                        $  75,915.00

    * DNAPRINT  GENOMICS,  INC. HAS BEEN PROVIDED  $37,000.00 OF THE JULY, 2000
     FUNDING PRIOR TO CLOSING.

Second year funding to Company  will be  determined  prior to July 15, 2001.  To
determine  the  amounts  and timing of second year  funding,  the  Company  must
illustrate  that it is a  viable  business  concern,  and must  achieve  certain
scientific  successes.  These  successes  include  but are not  limited  to: the
favorable publishing of information in scientific  publications in peer reviewed
journals or books;  significant  patents and/or patents  pending;  a significant
alliance  or  alliances  with an  organization  or  organizations  that create a
positive  effect  on the  securities  of the  encompassing  public  entity;  and
invitations to present the Company's  scientific results at industry  recognized
conferences.

                                       26

<PAGE>

                                   EXHIBIT "D"

SECTION I.
COMPANY AND SHAREHOLDER EARN-OUT

The Company  and  Shareholders  shall be entitled to an earn-out  based upon the
performance  and  achievement  of the Company.  Said earn-out is understood  and
agreed to be as follows:

Three million eight hundred forty thousand  (3,840,000)  post-reverse  shares of
`CLYC' stock will be held in escrow for five (5) years.  All or a portion of the
above  stated  shares  of  `CLYC'   escrowed  stock  will  be  released  to  the
shareholders  quarterly based upon either of the following two (2) formulae.  It
is understood and agreed that only one (1) formula will be used to determine the
amount of the potential  earn-out,  i.e., the two (2) methods cannot be combined
to determine the earn-out.

Company must either achieve gross profits for earn out as follows:

One (1) share of `CLYC' stock for every  thirty-three  cents (33(cent)) worth of
gross profit  produced by the  Company.  This method shall be referred to as the
gross profit method.

OR

Company may be appraised from time to time, not more than three (3) times during
the earn-out period, by a mutually  acceptable  independent  firm.  Valuation of
Company  by said firm must meet or exceed the dollar  levels  outlined  below in
order for cross-referenced  earn-out to be effected.  Earn-out below is based on
said quarterly release of shares and is not cumulative.

COMPANY VALUATION `CLYC' EARN-OUT SHARES

$5,000,000                          384,000 CLYC SHARES
$10,000,000                         768,000 CLYC SHARES
$15,000,000                         1,152,000 CLYC SHARES
$20,000,000                         1,536,000 CLYC SHARES
$25,000,000                         1,920,000 CLYC SHARES
$30,000,000                         2,304,000 CLYC SHARES
$35,000,000                         2,688,000 CLYC SHARES
$40,000,000                         3,072,000 CLYC SHARES
$45,000,000                         3,456,000 CLYC SHARES
$50,000,000                         3,840,000 CLYC SHARES

                                       27
<PAGE>

SECTION II.
EMPLOYEE INCENTIVES

`CLYC' will allocate six hundred forty thousand (640,000) post-reverse shares of
`CLYC' stock to Company to attract new employees. Said shares will be equivalent
to approximately five percent (5%) of the issued and outstanding shares of CLYC.
Said shares will be held in escrow as per the terms and  conditions of Article 2
of the Agreement and Plan of Exchange attached hereto.

Any and all employee incentive offers must be approved, in writing, by the Board
of Directors of `CLYC' prior to being offered to any potential or new employee.

                                       28EXHIBIT 4.1

Offering Memorandum                                                 Confidential
Dated May 2, 1998

                               Bio-One Corporation
                             (A Nevada Corporation)

                                1,600, 000 Shares

                          At a Price of $.01 Per Share

         Bio-One Corporation, a Nevada corporation (the "Company"), is a company
which  is in  the  nutritional  supplement  marketing  and  internet  consulting
business

         The Company's principal office is located at 222 Lakeview Avenue, Suite
160-124, West Palm Beach, FL 33401.

         AN INVESTMENT IN THE COMPANY IS SPECULATIVE  AND INVOLVES A HIGH DEGREE
OF RISK.  INVESTMENT  IN THE  SECURITIES  OFFERED  HEREBY IS  SUITABLE  ONLY FOR
PERSONS  OF  SUBSTANTIAL  FINANCIAL  MEANS WHO CAN  AFFORD A TOTAL LOSS OF THEIR
INVESTMENT AND WILL BE SOLD ONLY TO ACCREDITED OR OTHERWISE QUALIFIED INVESTORS.
FOR A DISCUSSION OF THE MATERIAL  RISKS IN  CONNECTION  WITH THE PURCHASE OF THE
SHARES, SEE "INVESTMENT RISK CONSIDERATIONS".

         The  SECURITIES  ARE  BEING  OFFERED  WITHOUT  REGISTRATION  UNDER  THE
SECURITIES  ACT OF 1933, AS AMENDED (The "ACT"),  IN RELIANCE UPON The EXEMPTION
FROM  REGISTRATION  AFFORDED BY SECTIONS 4(2) AND 3(b) OF The SECURITIES ACT AND
REGULATION D PROMULGATED THEREUNDER.

         THIS MEMORANDUM HAS NOT BEEN REVIEWED OR APPROVED OR  DISAPPROVED,  NOR
HAS The  ACCURACY OR ADEQUACY OF THE  INFORMATION  SET FORTH  HEREIN BEEN PASSED
UPON  BY  The  SECURITIES  AND  EXCHANGE  COMMISSION  OR  ANY  STATE  SECURITIES
ADMINISTRATOR.  ANY  REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.  THIS
OFFERING IS BEING MADE PURSUANT TO THE  EXEMPTIONS  AFFORDED BY SECTIONS 4(2) OR
3(b) OF THE  SECURITIES  ACT OF 1933 AND RULE 504 OF  REGULATION  D  PROMULGATED
THEREUNDER AND STATE SMALL CORPORATE OFFERING REGISTRATION PROVISIONS.  PURSUANT
TO RULE 504,  THE SHARES SOLD HEREBY WILL NOT BE SUBJECT TO ANY  LIMITATIONS  ON
RESALE  THEREOF  UNDER  FEDERAL  LAW.  THE SHARES  MAY,  HOWEVER,  BE SUBJECT TO
LIMITATIONS  ON THE OFFER AND SALE AND THE RESALE OF THE  SHARES  IMPOSED BY The
BLUE SKY LAWS OF INDIVIDUAL STATES. IN ADDITION, The COMPANY INTENDS TO FILE THE
REQUIRED  DOCUMENTS IN CERTAIN  OTHER STATES  IDENTIFIED BY MANAGEMENT AS HAVING
POSSIBLE  INVESTOR  INTEREST  AND USE ITS BEST EFFORTS TO QUALIFY The SHARES FOR
SECONDARY TRADING IN SUCH STATES,  THOUGH NO ASSURANCE CAN BE GIVEN THAT IT WILL
BE ABLE TO QUALIFY The SHARES FOR SECONDARY  TRADING IN ANY SUCH STATES IN WHICH
IT SUBMITS SUCH APPLICATIONS AND DOCUMENTS. AN

<PAGE>

INABILITY TO QUALIFY The SHARES FOR  SECONDARY  TRADING WILL CREATE  SUBSTANTIAL
RESTRICTION ON The  TRANSFERABILITY  OF SUCH SHARES WHICH MAY NEGATE The BENEFIT
OF The EXEMPTION  PROVIDED BY RULE 504 OF REGULATION D. SEE "RISK  FACTORS." THE
COMPANY  WILL USE ITS BEST  EFFORTS  TO CAUSE  The  SHARES  TO BE  LISTED ON THE
ELECTRONIC  BULLETIN  BOARD  OPERATED BY The NATIONAL  ASSOCIATION OF SECURITIES
DEALERS,  INC.  AS A MARKET IN WHICH THEY MAY BE TRADED.  THERE IS NO  ASSURANCE
THAT SUCH  LISTING  WILL BE OBTAINED  OR THAT IF A LISTING IS OBTAINED  THAT ANY
MARKET FOR THE SHARES WILL DEVELOP, OR IF DEVELOPED, THAT IT WILL BE SUSTAINED.

--------------------------------------------------------------------------------

                  Subscription                        Proceeds to the
                  Price            Commissions(1)     Company

Per Share         $0.01                $ -0-          $ 16,000

(1) The Shares are being sold by the Company's  sole Officer and no  commissions
will be paid in connection with the Offering.

                               Bio-One Corporation
                               222 Lakeview Avenue
                                  Suite 160-124
                            West Palm Beach, FL 33401
                                 (407) 833-5092

<PAGE>

                        NOTICES TO PROSPECTIVE INVESTORS

         THIS OFFERING  MEMORANDUM IS SUBMITTED IN CONNECTION  WITH THE OFFERING
OF THE  SHARES  AND MAY NOT BE  REPRODUCED  OR USED FOR ANY  OTHER  PURPOSE.  BY
ACCEPTING DELIVERY OF THIS OFFERING MEMORANDUM,  EACH RECIPIENT AGREES TO RETURN
THIS OFFERING MEMORANDUM AND ALL OTHER DOCUMENTS IF THE RECIPIENT DOES NOT AGREE
TO PURCHASE ANY OF THE SHARES TO THE COMPANY AT ITS ADDRESS  LISTED ON THE COVER
OF THE OFFERING MEMORANDUM.

         THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON THE TRANSFERABILITY AND
RESALE  AND  MAY  NOT BE  TRANSFERRED  OR  RESOLD  EXCEPT  AS  PERMITTED  BY THE
SECURITIES ACT OF 1933, AS AMENDED,  AND THE APPLICABLE  STATE  SECURITIES LAWS.
PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM,  INVESTORS SHOULD BE AWARE THAT
THEY WILL BE  REQUIRED TO BEAR THE  FINANCIAL  RISKS OF THIS  INVESTMENT  FOR AN
INDEFINITE PERIOD OF TIME.

         IN  MAKING AN  INVESTMENT  DECISION,  INVESTORS  MUST RELY ON THEIR OWN
EXAMINATION OF THE PERSON OR ENTITY CREATING THE SECURITIES AND THE TERMS OF THE
OFFERING,  INCLUDING THE MERITS AND RISKS  INVOLVED.  THESE  SECURITIES HAVE NOT
BEEN  RECOMMENDED  BY ANY FEDERAL OR STATE  SECURITIES  COMMISSION OR REGULATORY
AUTHORITY.  FURTHERMORE,  THE  FOREGOING  AUTHORITIES  HAVE  NOT  CONFIRMED  THE
ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT.  ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.

         THIS OFFERING  MEMORANDUM  DOES NOT  CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO PURCHASE SHARES TO ANY PERSON IN ANY STATE OR IN ANY
JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL,  SUBJECT TO THE
PRECEDING  SENTENCE.  THIS OFFERING MEMORANDUM IS INTENDED FOR THE EXCLUSIVE USE
OF THE PERSON TO WHOM IT IS DELIVERED BY AN  AUTHORIZED  AGENT OF THE COMPANY ON
BEHALF OF THE COMPANY.

         PROSPECTIVE  INVESTORS  ARE  NOT  TO  CONSTRUE  THE  CONTENTS  OF  THIS
CONFIDENTIAL  OFFERING  MEMORANDUM OR ANY PRIOR OR SUBSEQUENT  COMMUNICATIONS AS
LEGAL, TAX OR INVESTMENT  ADVICE.  EACH INVESTOR SHOULD CONSULT HIS OWN COUNSEL,
ACCOUNTANT OR BUSINESS ADVISOR AS TO LEGAL, TAX AND RELATED MATTERS COVERING HIS
INVESTMENT.

         THE SHARES ARE  OFFERED  SUBJECT TO THE  ACCEPTANCE  BY THE  COMPANY OF
OFFERS BY PROSPECTIVE  INVESTORS,  ALLOCATION OF SHARES BY THE COMPANY AND OTHER
CONDITIONS  SET FORTH  HEREIN.  THE  COMPANY MAY REJECT ANY OFFER IN WHOLE OR IN
PART AND NEED NOT ACCEPT OFFERS IN THE ORDER RECEIVED.

         THIS  CONFIDENTIAL  OFFERING  MEMORANDUM  DOES  NOT  CONTAIN  AN UNTRUE
STATEMENT OF A MATERIAL FACT OR OMIT TO STATE A MATERIAL

                                        3

<PAGE>

FACT NECESSARY TO MAKE THE STATEMENTS MADE IN LIGHT OF THE  CIRCUMSTANCES  UNDER
WHICH THEY WERE MADE, NOT MISLEADING. IT CONTAINS A FAIR SUMMARY OF THE MATERIAL
TERMS AND DOCUMENT PURPORTED TO BE SUMMARIZED HEREIN.

         THE SHARES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED,  OR THE SECURITIES LAWS OF CERTAIN STATES AND ARE BEING
OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF
SAID ACT AND SUCH  LAWS.  THE  SHARES  UNDERLYING  THE  SHARES  ARE  SUBJECT  TO
RESTRICTIONS ON TRANSFERABILITY  AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD
EXCEPT AS PERMITTED  UNDER SAID ACT AND SUCH LAWS  PURSUANT TO  REGISTRATION  OR
EXEMPTION  THEREFROM.  THE SHARES HAVE NOT BEEN APPROVED OR  DISAPPROVED  BY THE
SECURITIES AND EXCHANGE COMMISSION OR OTHER REGULATORY  AUTHORITY,  NOR HAVE ANY
OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING
OR THE ACCURACY OR ADEQUACY OF THE OFFERING  MEMORANDUM.  ANY  REPRESENTATION TO
THE CONTRARY IS UNLAWFUL.

         THE  SUBSCRIPTION  PRICE  FOR  THE  SHARES  IS  PAYABLE  IN  FULL  UPON
SUBSCRIPTION.  THE OFFERING PRICE WAS DETERMINED  ARBITRARILY BY THE COMPANY AND
BEARS NO RELATIONSHIP TO ASSETS,  EARNINGS,  BOOK VALUE OR ANY OTHER CRITERIA OF
VALUE. NO  REPRESENTATION IS MADE THAT THE SHARES HAVE MARKET VALUE OF, OR COULD
BE RESOLD AT, THAT PRICE (SEE "RISK FACTORS," "DILUTION," AND "USE OF PROCEEDS).

         THE SHARES WILL BE OFFERED BY THE COMPANY ON A BEST EFFORTS  BASIS TO A
SELECT GROUP OF INVESTORS WHO MEET CERTAIN SUITABILITY STANDARDS. NO COMMISSIONS
AND NO NON-ACCOUNTABLE OR ACCOUNTABLE EXPENSE ALLOWANCE OF ANY KIND WILL BE PAID
FROM OR DEDUCTED FROM THE PROCEEDS  RAISED  HEREBY.  THE COMPANY WILL ABSORB ALL
MARKETING EXPENSES ASSOCIATED WITH THIS OFFERING 9SEE "USE OF PROCEEDS").

         THE  COMPANY HAS AGREED TO PROVIDE,  PRIOR TO THE  CONSUMMATION  OF THE
TRANSACTIONS  CONTEMPLATED HEREIN, TO EACH POTENTIAL PURCHASER OF SECURITIES (OR
HIS  REPRESENTATIVES)  OR BOTH) THE OPPORTUNITY TO ASK QUESTIONS OF, AND RECEIVE
ANSWERS  FROM,  THE COMPANY OR ANY PERSON  ACTING ON ITS BEHALF  CONCERNING  THE
TERMS AND CONDITIONS OF THIS OFFERING AND TO OBTAIN ANY ADDITIONAL  INFORMATION,
TO  THE  EXTENT  THEY  POSSESS  SUCH  INFORMATION  OR  CAN  ACQUIRE  IT  WITHOUT
UNREASONABLE  EFFORT  OR  EXPENSE  NECESSARY  TO  VERIFY  THE  ACCURACY  OF  THE
INFORMATION SET FORTH HEREIN.

         THIS OFFERING MEMORANDUM DOES NOT CONSTITUTE AN OFFER TO ANY PERSON WHO
DOES NOT MEET THE SUITABILITY  STANDARDS DESCRIBED HEREIN.  REPRODUCTION OF THIS
OFFERING MEMORANDUM IS STRICTLY PROHIBITED.

                                        4

<PAGE>

         NO  PERSON  IS  AUTHORIZED  TO GIVE  ANY  INFORMATION  OR TO  MAKE  ANY
REPRESENTATION  NOT CONTAINED IN THIS OFFERING  MEMORANDUM EXCEPT AS NOTED ABOVE
WITH REGARD TO QUESTIONS ASKED OF THE COMPANY AND OF THOSE  AUTHORIZED TO ACT ON
ITS BEHALF.  NO OFFERING  LITERATURE OR ADVERTISING  HAS BEEN  AUTHORIZED BY THE
COMPANY  EXCEPT  THE   INFORMATION   CONTAINED   HEREIN.   ANY   INFORMATION  OR
REPRESENTATION  NOT  CONTAINED  HEREIN  MUST NOT BE RELIED  UPON AS HAVING  BEEN
AUTHORIZED  BY THE COMPANY OR ITS  OFFICERS AND  DIRECTORS.  EXCEPT AS OTHERWISE
INDICATED,  THIS  OFFERING  MEMORANDUM  SPEAKS AS OF THE DATE ON THE COVER  PAGE
NEITHER THE DELIVERY OF THIS  OFFERING  MEMORANDUM  NOR ANY SALE MADE  HEREUNDER
SHALL,  UNDER ANY  CIRCUMSTANCES,  CREATE ANY IMPLICATION THAT THERE HAS BEEN NO
CHANGE IN THE AFFAIRS OF THE  COMPANY  SINCE THE  RESPECTIVE  DATES AT WHICH THE
INFORMATION IS GIVEN HEREIN OR THE DATE HEREOF.

         ANY UNSOLD SHARES MAY BE PURCHASED BY THE COMPANY OR ITS  AFFILIATES ON
THE SAME TERMS AS SHARES PURCHASED BY OTHER INVESTORS.

                     NOTICES TO RESIDENTS OF CERTAIN STATES

                           NOTICE TO ALABAMA RESIDENTS

         THESE SECURITIES ARE OFFERED PURSUANT TO A CLAIM OF EXEMPTION UNDER THE
ALABAMA  SECURITIES ACT. A REGISTRATION  STATEMENT  RELATING TO THESE SECURITIES
HAS NOT BEEN FILED WITH THE ALABAMA SECURITIES  COMMISSION.  THE COMMISSION DOES
NOT RECOMMEND OR ENDORSE THE PURCHASE OF ANY  SECURITIES,  NOR DOES IT PASS UPON
THE ACCURACY OR COMPLETENESS OF THIS OFFERING MEMORANDUM.  ANY REPRESENTATION TO
THE CONTRARY IS A CRIMINAL OFFENSE.

         ANYTHING TO THE CONTRARY HEREIN  NOTWITHSTANDING,  THE INVESTMENT OF AN
ALABAMA  PURCHASER  WHO IS NOT AN ACCREDIT  INVESTOR MAY NOT EXCEED TWENTY (20%)
PER CENT OF SUCH  PURCHASER'S  NET  WORTH,  EXCLUSIVE  OF  PRINCIPAL  RESIDENCE,
FURNISHINGS AND AUTOMOBILES.

                           NOTICE TO ALASKA RESIDENTS

         THESE SECURITIES HAVE NOT BEEN REGISTERED  UNDER THE ALASKA  SECURITIES
ACT AND MAY  NOT BE  SOLD  WITHOUT  REGISTRATION  UNDER  THAT  ACT OR  EXEMPTION
THEREFROM.

                           NOTICE TO ARIZONA RESIDENTS

         THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE ARIZONA  SECURITIES
ACT AND ARE BEING  SOLD IN  RELIANCE  UPON THE  EXEMPTION  CONTAINED  IN SECTION
44-184(1) OF SUCH ACT.  THESE  SECURITIES  MAY NOT BE SOLD WITHOUT  REGISTRATION
UNDER SUCH ACT OR EXEMPTION THEREFROM.

                                        5

<PAGE>

         ARIZONA  RESIDENTS MUST HAVE EITHER (i) A MINIMUM NET WORTH OF AT LEAST
SEVENTY FIVE THOUSAND  ($75,000)  DOLLARS  (EXCLUDING HOME, HOME FURNISHINGS AND
AUTOMOBILES)  AND A  MINIMUM  ANNUAL  GROSS  INCOME  OF  SEVENTY  FIVE  THOUSAND
(475,000)  DOLLARS;  OR (iii) A NET WORTH OF AT LEAST TWO  HUNDRED  TWENTY  FIVE
THOUSAND ($225,000) DOLLARS (AS COMPUTED ABOVE).

                          NOTICE TO ARKANSAS RESIDENTS

         THESE  SECURITIES  ARE OFFERED  PURSUANT TO A CLAIM OF EXEMPTION  UNDER
SECTION  14(b)(14)  OF THE  ARKANSAS  SECURITIES  ACT  AND  SECTION  4(2) OF THE
SECURITIES ACT OF 1933. A REGISTRATION  STATEMENT  RELATING TO THESE  SECURITIES
HAS NOT  BEEN  FILED  WITH  THE  ARKANSAS  SECURITIES  DEPARTMENT  OR  WITH  THE
SECURITIES  AND EXCHANGE  COMMISSION.  NEITHER THE DEPARTMENT NOR THE COMMISSION
HAS PASSED UPON THE VALUE OF THESE SECURITIES,  MADE ANY  RECOMMENDATIONS  AS TO
THEIR  PURCHASE,  APPROVED  OR  DISAPPROVED  THE  OFFERING,  OR PASSED  UPON THE
ADEQUACY OR ACCURACY OF THIS  OFFERING  MEMORANDUM.  ANY  REPRESENTATION  TO THE
CONTRARY IS UNLAWFUL.

         NOTWITHSTANDING  ANYTHING TO THE CONTRARY  HEREIN,  AN  INVESTMENT BY A
NON-ACCREDITED  INVESTOR MAY NOT EXCEED TWENTY (20%) PER CENT OF THE  INVESTOR'S
NET WORTH AT THE TIME OF PURCHASE, ALONE OR JOINTLY WITH SPOUSE.

                         NOTICE TO CALIFORNIA RESIDENTS

         IF THE COMPANY ELECTS TO SELL SHARES IN THE STATE OF CALIFORNIA,  IT IS
UNLAWFUL TO  CONSUMMATE  A SALE OR TRANSFER  OF THE  SHARES,  OR OTHER  INTEREST
THEREIN,  OR TO RECEIVE ANY  CONSIDERATION  THEREFOR  WITHOUT THE PRIOR  WRITTEN
CONSENT OF THE  COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA,  EXCEPT
AS PERMITTED IN THE COMMISSIONER'S RULES.

                         NOTICE TO CONNECTICUT RESIDENTS

         THESE  SECURITIES  HAVE  NOT  BEEN  REGISTERED  UNDER  THE  CONNECTICUT
SECURITIES  ACT  AND MAY NOT BE SOLD  OR  TRANSFERRED  WITHOUT  REGISTRATION  OR
EXEMPTION THEREFROM.

                          NOTICE TO DELAWARE RESIDENTS

         THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE DELAWARE SECURITIES
ACT  AND  MAY  NOT BE SOLD OR  TRANSFERRED  WITHOUT  REGISTRATION  OR  EXEMPTION
THEREFROM.

                                        6

<PAGE>

                           NOTICE TO FLORIDA RESIDENTS

         THE SHARES  REFERRED  TO HEREIN WILL BE SOLD TO, AND  ACQUIRED  BY, THE
HOLDER IN A TRANSACTION  EXEMPT UNDER SECTION 517.061 OF THE FLORIDA  SECURITIES
ACT. THE SHARES HAVE NOT BEEN REGISTERED UNDER SAID ACT IN THE STATE OF FLORIDA.
IN  ADDITION,  ALL FLORIDA  RESIDENTS  SHALL HAVE THE  PRIVILEGE  OF VOIDING THE
PURCHASE WITHIN THREE (3) DAYS AFTER THE FIRST TENDER OF  CONSIDERATION  IS MADE
BY SUCH PURCHASER TO THE ISSUER,  AN AGENT OF THE ISSUER,  OR AN ESCROW AGENT OR
WITHIN THREE (3) DAYS AFTER THE  AVAILABILITY  OF THAT PRIVILEGE IS COMMUNICATED
TO SUCH PURCHASER, WHICHEVER OCCURS LATER.

                           NOTICE TO GEORGIA RESIDENTS

         THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE GEORGIA  SECURITIES
ACT OF 1973, AS AMENDED.  IN RELIANCE UPON AN EXEMPTION  FROM  REGISTRATION  SET
FORTH  IN  SECTION  9(M)  OF  SUCH  ACT AND  THE  SECURITIES  CANNOT  BE SOLD OR
TRANSFERRED  EXCEPT IN A TRANSACTION  WHICH IS EXEMPT UNDER SUCH ACT OR PURSUANT
TO AN EFFECTIVE  REGISTRATION STATEMENT UNDER SUCH ACT OR IN A TRANSACTION WHICH
IS OTHERWISE IN COMPLIANCE WITH SAID ACT.

                            NOTICE TO IDAHO RESIDENTS

         THESE  SECURITIES  HAVE  NOT  BEEN  REGISTERED  UNDER  THE  CONNECTICUT
SECURITIES  ACT  AND MAY NOT BE SOLD  OR  TRANSFERRED  WITHOUT  REGISTRATION  OR
EXEMPTION THEREFROM.

         ANYTHING  TOT  HE  CONTRARY   NOTWITHSTANDING,   THE  INVESTMENT  BY  A
NON-ACCREDITED  INVESTOR MAY NOT EXCEED TEN (10%) PER CENT OF THE INVESTOR'S NET
WORTH.

                           NOTICE TO INDIANA RESIDENTS

         EACH INVESTOR  PURCHASING  SHARES MUST WARRANT THAT HE HAS EITHER (i) A
NET WORTH (EXCLUSIVE OF HOME, HOME FURNISHING AND AUTOMOBILES) EQUAL TO AT LEAST
THREE (3) TIMES THE AMOUNT OF HIS  INVESTMENT BUT IN N O EVENT LESS THAN SEVENTY
FIVE THOUSAND  (475,000)  DOLLARS OR (ii) A NET WORTH  (EXCLUSIVE OF HOME,  HOME
FURNISHING AND AUTOMOBILES OF TOW (2) TIMES HIS INVESTMENT BUT IN NOT EVENT LESS
THAN THIRTY  THOUSAND  ($30,000)  DOLLARS AND A GROSS INCOME OF THIRTY  THOUSAND
($30,000) DOLLARS.

                            NOTICE TO IOWA RESIDENTS

         IOWA  RESIDENTS  MUST HAVE  EITHER  (i) A NET  WORTH OF AT LEAST  FORTH
THOUSAND ($40,000) DOLLARS (EXCLUSIVE OF HOME, HOME FURNISHINGS AND AUTOMOBILES)
AND A MINIMUM ANNUAL GROSS INCOME OF FORTH THOUSAND ($40,000) DOLLARS, OR (ii) A
NET WORTH OF AT LEAST ONE HUNDRED  TWENTY FIVE  THOUSAND  ($125,000)  DOLLARS AS
COMPUTED ABOVE.

                                        7

<PAGE>

                           NOTICE TO KANSAS RESIDENTS

         AN  INVESTMENT  BY A  NON-ACCREDITED  INVESTOR  SHALL NOT EXCEED TWENTY
(20%) PER CENT OF THE  INVESTOR'S  NET  WORTH;  EXCLUDING  PRINCIPAL  RESIDENCE,
FURNISHINGS THEREIN AND PERSONAL AUTOMOBILES.

                          NOTICE TO KENTUCKY RESIDENTS

         THESE  SECURITIES  REPRESENTED BY THIS  CERTIFICATE (OR OTHER DOCUMENT)
HAVE BEEN  ISSUED  PURSUANT TO A CLAIM OF  EXEMPTION  FROM THE  REGISTRATION  OR
QUALIFICATION  PROVISIONS  OF FEDERAL AND STATE  SECURITIES  LAWS AND MAY NOT BE
SOLD OR TRANSFERRED  WITHOUT  COMPLIANCE WITH THE  REGISTRATION OR QUALIFICATION
PROVISIONS  OF  APPLICABLE  FEDERAL  AND  STATE  SECURITIES  LAWS OR  APPLICABLE
EXEMPTIONS THEREIN.

         ANYTHING TO THE CONTRARY  HEREIN  NOTWITHSTANDING,  THE INVESTMENT BY A
NON-ACCREDITED INVESTOR MAY NOT EXCEED TEN (10%) OF THE INVESTOR'S NET WORTH.

                            NOTICE TO MAINE RESIDENTS

         THESE   SECURITIES  ARE  BEING  SOLD  PURSUANT  TO  AN  EXEMPTION  FROM
REGISTRATION  WITH THE BANK  SUPERINTENDENT  OF THE STATE OF MAINE UNDER SECTION
1052(2)(R) OF TITLE 32 OF THE MAINE REVISED  STATUES.  THESE  SECURITIES  MAY BE
DEEMED  RESTRICTED  SECURITIES  AND AS SUCH THE HOLDER MAY NOT BE ABLE TO RESELL
THE SECURITIES UNLESS PURSUANT TO REGISTRATION UNDER STATE OR FEDERAL SECURITIES
LAWS OR UNLESS AN EXEMPTION UNDER SUCH LAWS EXISTS.

                          NOTICE TO MARYLAND RESIDENTS

         THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE MARYLAND SECURITIES
ACT IN  RELIANCE  UPON THE  EXEMPTION  FROM  REGISTRATION  SET FORTH IN  SECTION
11-602(9) OF SUCH ACT. UNLESS THESE  SECURITIES ARE REGISTERED,  THEY MAY NOT BE
REOFFERED FOR SALE OR RESOLD IN THE STATE OF MARYLAND,  EXCEPT AS A SECURITY, OR
IN A TRANSACTION EXEMPT UNDER SUCH ACT.

                        NOTICE TO MASSACHUSETTS RESIDENTS

         MASSACHUSETTS RESIDENTS MUST HAVE HAD EITHER (i) A MINIMUM NET WORTH OF
AT LEAST FIFTY THOUSAND  ($50,000) DOLLARS (EXCLUDING HOME, HOME FURNISHINGS AND
AUTOMOBILES)  AND  HAD  DURING  THE  LAST  YEAR,  OR IT IS  ESTIMATED  THAT  THE
SUBSCRIBER  WILL HAVE  DURING THE  CURRENT  TAKE YEAR,  TAXABLE  INCOME OF FIFTY
THOUSAND  ($50,000)  DOLLARS,  OR (ii) A NET WORTH OF AT LEAST ONE HUNDRED FIFTY
THOUSAND ($150,000) DOLLARS (AS COMPUTED ABOVE).

                          NOTICE TO MICHIGAN RESIDENTS

         THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE MICHIGAN SECURITIES
ACT AND MAY NOT BE SOLD OR TRANSFERRED  WITHOUT  REGISTRATION  UNDER THAT ACT OR
EXEMPTION THEREFROM.

                                        8

<PAGE>

         THE  COMPANY  SHALL  PROVIDE  ALL  MICHIGAN  INVESTORS  WITH A DETAILED
WRITTEN  STATEMENT OF THE APPLICATION OF THE PROCEEDS OF THE OFFERING WITHIN SIX
(6) MONTHS  AFTER  COMMENCEMENT  OF THE OFFERING OR UPON  COMPLETION,  WHICHEVER
OCCURS  FIRST,  AND WITH  ANNUAL  CURRENT  BALANCE  SHEETS AND INCOME  STATEMENT
THEREAFTER.

                          NOTICE TO MINNESOTA RESIDENTS

         THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  UNDER  CHAPTER  80 OF THE
MINNESOTA SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED
OF FOR VALUE EXCEPT PURSUANT TO REGISTRATION OR OPERATION OF LAW.

                         NOTICE TO MISSISSIPPI RESIDENTS

         THESE SECURITIES ARE OFFERED PURSUANT TO A CLAIM OF EXEMPTION UNDER THE
MISSISSIPPI   SECURITIES  ACT.  A  REGISTRATION   STATEMENT  RELATING  TO  THESE
SECURITIES  HAS NOT BEEN FILED WITH THE  MISSISSIPPI  SECRETARY OF STATE OR WITH
THE SECURITIES AND EXCHANGE  COMMISSION.  NEITHER THE SECRETARY OF STATE NOR THE
COMMISSION  HAS PASSED UPON THE VALUE OF THESE  SECURITIES,  NO HAS  APPROVED OR
DISAPPROVED THE OFFERING. THE SECRETARY OF STATE DOES NOT RECOMMEND THE PURCHASE
OF THESE OR ANY OTHER SECURITIES.

         THERE IS NOT ESTABLISHED  MARKET FOR THESE SECURITIES AND THERE MAY NOT
BE ANY MARKET FOR THESE  SECURITIES  IN THE FUTURE.  THE  SUBSCRIPTION  PRICE OF
THESE  SECURITIES  HAS BEEN  ARBITRARILY  DETERMINED BY THE ISSUER AND IS NOT AN
INDICATION OF THE ACTUAL VALUE OF THESE SECURITIES.

         THE  PURCHASER  OF  THESE  SECURITIES  MUST  MEET  CERTAIN  SUITABILITY
STANDARDS  AND  MUST  BE  ABLE  TO  BEAR  THE  ENTIRE  LOSS  OF HIS  INVESTMENT.
ADDITIONALLY,  ALL PURCHASERS  WHO ARE NOT ACCREDITED  INVESTORS MUST HAVE A NET
WORTH OF AT LEAST  THIRTY  THOUSAND  ($30,000)  DOLLARS  AND  INCOME  OF  THIRTY
THOUSAND  ($30,000)  DOLLARS OR A NET WORTH OF SEVENTY FIVE  THOUSAND  ($75,000)
DOLLARS.  THESE  SECURITIES MAY NOT BE TRANSFERRED  FOR A PERIOD OF ONE (1) YEAR
EXCEPT IN A TRANSACTION WHICH IS EXEMPT UNDER THE MISSISSIPPI  SECURITIES ACT OR
IN A TRANSACTION IN COMPLIANCE WITH THE MISSISSIPPI SECURITIES ACT.

                          NOTICE TO MISSOURI RESIDENTS

         THESE  SECURITIES  ARE SOLD TO, AND BEING  ACQUIRED BY, THE HOLDER IN A
TRANSACTION EXEMPTED UNDER SECTION 10, SUBSECTION  409.402(b),  MISSOURI UNIFORM
SECURITIES ACT (RMSO 1969).

         THE  SHARES  HAVE  TO  BEEN  REGISTERED  UNDER SAID ACT IN THE STATE OF
MISSOURI, UNLESS THE SHARES ARE REGISTERED, THEY MAY NOT BE

                                        9

<PAGE>

REOFFERED  OR RESOLD IN THE STATE OF  MISSOURI,  EXCEPT AS A  SECURITY,  OR IN A
TRANSACTION EXEMPT UNDER SAID ACT.

         ANYTHING  TO THE  CONTRARY  NOTWITHSTANDING,  AN  INVESTOR  MUST HAVE A
MINIMUM ANNUAL INCOME OF THIRTY THOUSAND  ($330,000)  DOLLARS AND A NET WORTH OF
AT LEAST THIRTY THOUSAND  ($30,000)(DOLLARS,  EXCLUSIVE OF HOME, FURNISHINGS AND
AUTOMOBILES OR A NET WORTH OF SEVENTY FIVE THOUSAND  ($75,000) DOLLARS EXCLUSIVE
OF HOME, FURNISHINGS AND AUTOMOBILES.

         AN  INVESTMENT  BY A  NON-ACCREDITED  INVESTOR  SHALL NOT EXCEED TWENTY
(20%) PER CENT OF THE INVESTOR'S NET WORTH.

                           NOTICE TO MONTANA RESIDENTS

         EACH MONTANA  RESIDENT WHO SUBSCRIBES FOR THE SECURITIES  BEING OFFERED
HEREBY  AGREES NOT TO SELL THESE  SECURITIES  FOR A PERIOD OF TWELVE (12) MONTHS
AFTER DATE OF PURCHASE.

         ANYTHING  TO  THE  CONTRARY   NOTWITHSTANDING,   THE  INVESTMENT  BY  A
NON-ACCREDITED  INVESTOR MAY NOT EXCEED TWENTY (20%) PER CENT OF THE  INVESTOR'S
NET WORTH.

                          NOTICE TO NEBRASKA RESIDENTS

         THESE SHARES HAVE NOT BEEN REGISTERED UNDER THE NEBRASKA SECURITIES ACT
AND MAY NOT BE SOLD WITHOUT REGISTRATION UNDER THE ACT OR EXEMPTION THEREFROM.

                        NOTICE TO NEW HAMPSHIRE RESIDENTS

         EACH NEW HAMPSHIRE INVESTOR  PURCHASING SHARES MUST WARRANT THAT HE HAS
EITHER (i) A NET WORTH  (EXCLUSIVE OF HOME, HOME FURNISHING AND  AUTOMOBILES) OF
TWO HUNDRED FIFTY THOUSAND ($250,000) DOLLARS OR (iii) A NET WORTH (EXCLUSIVE OF
HOME,  HOME  FURNISHINGS  AND  AUTOMOBILES  OF ONE HUNDRED  TWENTY FIVE THOUSAND
($125,000) DOLLARS AND FIFTY THOUSAND ($50,000 DOLLARS ANNUAL INCOME.

                         NOTICE TO NEW JERSEY RESIDENTS

         THE  ATTORNEY  GENERAL OF THE STATE HAS NOT PASSED ON OR  ENDORSED  THE
MERITS OF THIS  OFFERING.  THE FILING OF THE WITHIN  OFFERING DOES TO CONSTITUTE
APPROVAL  OF THE ISSUE OR THE SALE  THEREOF BY THE BUREAU OF  SECURITIES  OR THE
DEPARTMENT  OF  LAW  AND  PUBLIC  SAFETY  OF  THE  STATE  OF  NEW  JERSEY.   ANY
REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

                                       10

<PAGE>

                        NOTICE TO NORTH DAKOTA RESIDENTS

            THESE  SECURITIES  HAVE  NOT BEEN  APPROVED  OR  DISAPPROVED  BY THE
SECURITIES  COMMISSION  OF THE STATE OF NORTH  DAKOTA  NOR HAS THE  COMMISSIONER
PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS.  ANY  REPRESENTATION TO
THE CONTRARY IS CRIMINAL OFFENCE.

                          NOTICE TO NEW YORK RESIDENTS

         THIS OFFERING  MEMORANDUM HAS NOT BEEN REVIEWED BY THE ATTORNEY GENERAL
PRIOR TO ITS ISSUANCE AND USE. THE ATTORNEY GENERAL OF THE STATE OF NEW YORK HAS
NOT PASSED ON OR ENDORSED THE MERITS OF THIS OFFERING. ANY REPRESENTATION TO THE
CONTRARY IS UNLAWFUL.

         THIS  OFFERING  MEMORANDUM  DOES NOT CONTAIN AN UNTRUE  STATEMENT  OF A
MATERIAL FACT OR OMIT TO STATE A MATERIAL FACT  NECESSARY TO MAKE THE STATEMENTS
MADE IN LIGHT OF THE  CIRCUMSTANCES  UNDER WHICH THEY WERE MADE, NOT MISLEADING.
IT CONTAINS A FAIR SUMMARY OF THE MATERIAL  TERMS AND DOCUMENTS  PURPORTED TO BE
SUMMARIZED HEREIN.

                       NOTICE TO NORTH CAROLINA RESIDENTS

         THESE SECURITIES ARE OFFERED PURSUANT TO A CLAIM OF EXEMPTION UNDER THE
NORTH  CAROLINA  SECURITIES  ACT. THE NORTH  CAROLINA  SECURITIES  ADMINISTRATOR
NEITHER  RECOMMENDS  NOR  ENDORSES  THE  PURCHASE OF ANY  SECURITY,  NOR HAS THE
ADMINISTRATOR  PASSED ON THE  ACCURACY OR ADEQUACY OF THE  INFORMATION  PROVIDED
HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

                          NOTICE TO OKLAHOMA RESIDENTS

         THESE SECURITIES  RENDERED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933 OR THE OKLAHOMA  SECURITIES ACT. THE SECURITIES
HAVE BEEN ACQUIRED FOR INVESTMENT  AND MAY NOT BE SOLD OR TRANSFERRED  FOR VALUE
IN THE ABSENCE OF AN EFFECTIVE  REGISTRATION OF THEM UNDER THE SECURITIES ACT OF
1933 AND/OR THE OKLAHOMA  SECURITIES ACT OF AN OPINION OF COUNSEL TO THE COMPANY
THAT SUCH REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR ACTS.

         ANYTHING  TO  THE  CONTRARY   NOTWITHSTANDING,   AN   INVESTMENT  BY  A
NON-ACCREDITS  INVESTOR  SHALL NOT EXCEED THEN (10%) PER CENT OF THE  INVESTOR'S
NET WORTH.

                                       11

<PAGE>

                           NOTICE TO OREGON RESIDENTS

         THE SECURITIES  OFFERED HAVE BEEN  REGISTERED  WITH THE DIRECTOR OF THE
STATE OF OREGON UNDER THE PROVISIONS OF OAR 441-65-240.  THE INVESTOR IS ADVISED
THAT THE DIRECTOR HAS MADE ONLY A CURSORY REVIEW OF THE  REGISTRATION  STATEMENT
AND HAS NOT REVIEWED  THIS  DOCUMENTS  SINCE THIS DOCUMENT IS NOT REQUIRED TO BE
FILED WITH THE DIRECTOR.

         THE INVESTOR MUST RELY ON THE INVESTOR'S OWN EXAMINATION OF THE COMPANY
CREATING THE SECURITIES,  AND THE TERMS OF THE OFFERING INCLUDING THE MERITS AND
RISKS INVOLVED IN MAKING AN INVESTMENT DECISION ON THESE SECURITIES.

                        NOTICE TO PENNSYLVANIA RESIDENTS

         ANY  PERSON WHO  ACCEPTS AN OFFER TO  PURCHASE  THE  SECURITIES  IN THE
COMMONWEALTH OF PENNSYLVANIA IS ADVISED,  THAT PURSUANT TO SECTION 207(m) OF THE
PENNSYLVANIA SECURITIES ACT, HE SHALL HAVE THE RIGHT TO WITHDRAW HIS ACCEPTANCE,
AND RECEIVE A FULL  REFUND OF ANY  CONSIDERATION  PAID,  WITHOUT  INCURRING  ANY
LIABILITY,  WITHIN TWO (20) BUSINESS DAYS FROM THE TIME THAT HE RECEIVES  NOTICE
OF THIS WITHDRAWAL  RIGHT AND RECEIVES THE PLACEMENT  OFFERING  MEMORANDUM.  ANY
PERSON  WHO WISHES TO  EXERCISE  SUCH  RIGHT OF  WITHDRAWAL  IS ADVISED TO GIVEN
NOTICE BY LETTER OR  TELEGRAM  SENT TO  POSTMARKED  BEFORE THE END OF THE SECOND
BUSINESS  DAY AFTER  EXECUTION.  IF THE REQUEST FOR  WITHDRAWAL  IS  TRANSMITTED
ORALLY,  WRITTEN  CONFIRMATION MUST BE GIVEN. ANY PERSON WHO PURCHASES INTERESTS
WHO IS A  PENNSYLVANIA  RESIDENT  WILL NOT SELL SUCH  INTERESTS  FOR A PERIOD OF
TWELVE (12) MONTHS BEGINNING WITH THE CLOSING DATE.  PENNSYLVANIA RESIDENTS MUST
HAVE  EITHER  (i) A  MINIMUM  NET  WORTH OF THIRTY  THOUSAND  ($30,000)  DOLLARS
(EXCLUDING  HOME,  HOME FURNISHING AND  AUTOMOBILES)  AND A MINIMUM ANNUAL GROSS
INCOME OF THIRTY  THOUSAND  ($30,000)  DOLLARS,  OR (ii) A NET WORTH OF AT LEAST
SEVENTY FIVE THOUSAND  ($75,000) DOLLARS (AS COMPUTED ABOVE0, AND MAY NOT INVEST
MORE THAN TEN (10%) PER CENT OF THEIR NET WORTH  (EXCLUSIVE OF THE  SUBSCRIBER'S
HOME, HOME FURNISHINGS AND AUTOMOBILES).

                       NOTICE TO SOUTH CAROLINA RESIDENTS

         THESE SECURITIES ARE OFFERED PURSUANT TO A CLAIM OF EXEMPTION UNDER THE
SOUTH CAROLINA  UNIFORM  SECURITIES  ACT. A REGISTRATION  STATEMENT  RELATING TO
THESE  SECURITIES  HAS  NOT  BEEN  FILED  WITH  THE  SOUTH  CAROLINA  SECURITIES
COMMISSIONER. THE COMMISSIONER DOES NOT RECOMMEND OR ENDORSE THE PURCHASE OF ANY
SECURITIES,  NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF THIS OFFERING
MEMORANDUM. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

                                       12

<PAGE>

                        NOTICE TO SOUTH DAKOTA RESIDENTS

         THE SHARES HAVE NOT BEEN  REGISTERED  UNDER  CHAPTER 47.31 OF THE SOUTH
DAKOTA SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF
FOR VALUE EXCEPT PURSUANT TO REGISTRATION,  EXEMPTION  THEREFROM OR OPERATION OF
LAW.

         SOUTH DAKOTA  RESIDENTS  MUST HAVE EITHER (i) A MINIMUM NET WORTH OF AT
LEAST SIXTY THOUSAND  ($60,000)  DOLLARS  (EXCLUDING  HOME, HOME FURNISHINGS AND
AUTOMOBILES) AND A MINIMUM GROSS INCOME OF SIXTY THOUSAND ($60,000) DOLLARS,  OR
(ii) A NET WORTH OF AT LEAST TWO HUNDRED TWENTY FIVE THOUSAND ($225,000) DOLLARS
(AS COMPUTED ABOVE).

                          NOTICE OF TENNESSEE RESIDENTS

         ANYTHING TO THE CONTRARY NOTWITHSTANDING, AN INVESTMENT BY ANY INVESTOR
SHALL NOT EXCEED TEN (10%) PER CENT OF THE INVESTOR'S NET WORTH.

                            NOTICE OF TEXAS RESIDENTS

         THIS OFFERING MEMORANDUM IS FOR THE INVESTOR'S CONFIDENTIAL USE AND MAY
NOT BE  REPRODUCED.  ANY ACTION  CONTRARY TO THESE  RESTRICTIONS  MAY PLACE SUCH
INVESTOR AND THE ISSUER IN VIOLATION OF THE TEXAS SECURITIES ACT.

         ANYTHING TO THE CONTRARY NOTWITHSTANDING, AN INVESTMENT BY ANY INVESTOR
SHALL NOT EXCEED TEN (10%) PER CENT OF THE INVESTOR'S NET WORTH.

                            NOTICE TO UTAH RESIDENTS

         THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UTAH SECURITIES ACT
AND MAY NOT NE SOLD WITHOUT REGISTRATION UNDER THAT ACT OR EXEMPTION THEREFROM.

                         NOTICE TO WASHINGTON RESIDENTS

         THESE   SECURITIES  HAVE  NOT  BEEN  REGISTERED  UNDER  THE  WASHINGTON
SECURITIES  ACT AND THE  ADMINISTRATOR  OF SECURITIES OF THE STATE OF WASHINGTON
HAS NOT REVIEWED THE OFFERING OR OFFERING  MEMORANDUM.  THESE SECURITIES MAY NOT
BE SOLD WITHOUT REGISTRATION UNDER THE ACT OR EXEMPTION THEREFROM.

         IT IS THE  RESPONSIBILITY OF ANY INVESTOR  PURCHASING SHARES TO SATISFY
ITSELF AS TO FULL OBSERVANCE OF THE LAWS OF ANY RELEVANT  TERRITORY  OUTSIDE THE
UNITED  STATES IN CONNECTION  WITH ANY SUCH  PURCHASE,  INCLUDING  OBTAINING ANY
REQUIRED  GOVERNMENTAL  OR OTHER  CONSENTS  OR  OBSERVING  ANY OTHER  APPLICABLE
REQUIREMENTS.

                                       13

<PAGE>

        -----------------------------------------------------------------

                               OFFERING MEMORANDUM
   --------------------------------------------------------------------------

                               Bio-One Corporation
                             (A Nevada Corporation)

                      Offering Memorandum Dated May 2, 1998

                                1,600,000 Shares

         Bio-One Corporation, (the "Company"), a Nevada corporation, is offering
on a "best  efforts,  no minimum  basis" up to a maximum of 1,600,000  shares of
common stock ("Common Stock"),  $.001 par value, at $0.01 per Share. Since there
is no minimum,  no proceeds will be held in escrow account and all funds will be
immediately available to the Company.

         The Company  intends to apply for  inclusion of the Common Stock on the
Over the Counter  Electronic  Bulletin Board. There can be no assurances that an
active  trading  market will develop,  even if the  securities  are accepted for
quotation.  Additionally,  even if the  Company's  securities  are  accepted for
quotation and active trading develops, the Company is still required to maintain
certain  minimum  criteria  established  by  NASDAQ,  of which  there  can be no
assurance that the Company will be able to continue to fulfill such criteria.

         Prior to this offering,  there has been no public market for the common
stock of the Company.  The price of the Shares  offered  hereby was  arbitrarily
determined  by the Company and does not bear any  relationship  to the Company's
assets,  book value,  net worth,  results of operations or any other  recognized
criteria of value. For additional  information  regarding the factors considered
in determining  the offering price of the Shares,  see "Risk Factors - Arbitrary
Offering Price," "Description of Securities".

         The Company does not presently file reports or other  information  with
the  Securities  and  Exchange  Commission  ("Commission").  However,  following
completion of this offering, the Company intends to furnish its security holders
with annual reports  containing  audited  financial  statements and such interim
reports,  in each case as it may  determine  to furnish or as may be required by
law.

         THESE   SECURITIES  HAVE  NOT  BEEN  APPROVED  OR  DISAPPROVED  BY  THE
SECURITIES AND EXCHANGE  COMMISSION OR ANY STATE  SECURITIES  COMMISSION NOR HAS
THE COMMISSION OF ANY STATE  SECURITIES  COMMISSION  PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS.  ANY  REPRESENTATION  TO THE CONTRARY IS A CRIMINAL
OFFENSE.

         THE  SECURITIES  ARE  OFFERED  BY  THE  COMPANY  SUBJECT TO PRIOR SALE,
ACCEPTANCE OR AN OFFER TO PURCHASE, WITHDRAWAL, CANCELLATION  OR MODIFICATION OF
THE OFFER, WITHOUT NOTICE. THE

                                       14

<PAGE>

COMPANY  RESERVES  THE RIGHT TO REJECT ANY ORDER,  IN WHOLE OR IN PART,  FOR THE
PURCHASE OF ANY OF THE SECURITIES OFFERED HEREBY.

         This offering  involves special risks concerning the Company (see "Risk
Factors").  Investors should  carefully review the entire  Memorandum and should
not  invest  any funds in this  Offering  unless  they can  afford to lose their
entire  investment.  In making an investment  decision,  investors  must rely on
their own examination of the issuer and the terms of the Offering, including the
merit and risks involved.

                                OFFERING SUMMARY

         The following  summary  information is qualified in its entirety by the
detailed  information  and  financial  statements  and notes  thereto  appearing
elsewhere in this Memorandum.

         The Company is in the  nutritional  supplement  marketing  and internet
consulting business. The Company was incorporated in the State of Nevada and its
principal  executive office is located at 222 Lakeview  Avenue,  Suite 160--124,
West Palm Beach, FL 33401 and its telephone number is (561) 833-5092

                                  RISK FACTORS

         THE SECURITIES OFFERED HEREBY ARE SPECULATIVE AND INVOLVE A HIGH DEGREE
OF RISK. ONLY THOSE PERSONS ABLE TO LOSE THEIR ENTIRE INVESTMENT SHOULD PURCHASE
THESE SECURITIES. PROSPECTIVE INVESTORS, PRIOR TO MAKING AN INVESTMENT DECISION,
SHOULD  CAREFULLY READ THIS  PROSPECTUS  AND CONSIDER,  ALONG WITH OTHER MATTERS
REFERRED TO HEREIN, THE FOLLOWING RISK FACTORS:

Risk Factors Relating to the Business of the Company

         Start-up or  Development  Stage  Company.  The Company did not have any
operations  before its organization  and is a "start-up" or "development  stage"
company.  No  assurances  can be given that the Company  will be able to compete
with other  companies in its industry.  The purchase of the  securities  offered
hereby  must be  regarded  as the  placing  of funds at a high  risk in a new or
"start-up"  venture  with all the  unforeseen  costs,  expenses,  problems,  and
difficulties to which such ventures are subject. See "Use of Proceeds to Issuer"
and "Description of Business."

         No Assurance of  Profitability.  To date, the Company has not generated
any revenues from  operations.  The Company does not anticipate any  significant
revenues in the near future.  The 0Company's  ability to successfully  implement
its business plan is dependent on the completion of this Offering.  There can be
no  assurance  that the Company  will be able to develop  into a  successful  or
profitable business.

                                       15

<PAGE>

         No Assurance of Payment of Dividends.  No  assurances  can be made that
the future operations of the Company will result in additional  revenues or will
be profitable.  Should the operations of the Company  become  profitable,  it is
likely that the  Company  would  retain much or all of its  earnings in order to
finance future growth and expansion.  Therefore,  the Company does not presently
intend to pay dividends, and it is not likely that any dividends will be paid in
the foreseeable future. See "Dividend Policy."

         Possible Need for  Additional  Financing . The Company  intends to fund
its operations and other capital needs for the next 12 months substantially from
the operations and proceeds of this Offering, but there can be no assurance that
such funds will be  sufficient  for these  purposes.  The  Company  may  require
additional  amounts of capital  for its future  expansion,  operating  costs and
working  capital.  The  Company  has  made  no  arrangements  to  obtain  future
additional  financing,  and if  required,  there can be no  assurance  that such
financing  will be  available,  or that  such  financing  will be  available  on
acceptable terms. See "Use of Proceeds."

         Dependence  on  Management.    The  Company's  success  is  principally
dependent on its current management personnel for the operation of its business.

         Broad  Discretion in  Application  of Proceeds . The  management of the
Company has broad discretion to adjust the application and allocation of the net
proceeds  of this  offering,  in  order to  address  changed  circumstances  and
opportunities.  As a result of the foregoing, the success of the Company will be
substantially  dependent  upon the  discretion and judgment of the management of
the Company with respect to the  application  and allocation of the net proceeds
hereof.  Pending use of such proceeds, the net proceeds of this offering will be
invested by the Company in temporary,  short-term interest-bearing  obligations.
See "Use of Proceeds."

         Arbitrary Offering Price. There has been no prior public market for the
Company's  securities.  The price to the public of the Shares offered hereby has
been  arbitrarily  determined  by the Company and bears no  relationship  to the
Company's earnings, book value or any other recognized criteria of value.

         Immediate and Substantial Dilution.  An  investor in this offering will
experience immediate and substantial dilution.

         Lack of Prior Market for Securities of the Company. No prior market has
existed for the  securities  being offered  hereby and no assurance can be given
that a market will develop subsequent to this offering.

         No Escrow of Investors'  Funds.  This offering is being made on a "best
efforts,  no minimum  basis" As such,  all the funds from this  Offering will be
immediately available to the Company.

                                 USE OF PROCEEDS

         The Company  will  receive the  proceeds  from the Offering for working
capital.

                                       16

<PAGE>

                                 DIVIDEND POLICY

         Holders of the Company's  Common Stock are entitled to dividends  when,
as and if  declared by the Board of  Directors  out of funds  legally  available
therefor.  The Company does not  anticipate  the  declaration  or payment of any
dividends in the foreseeable future. The Company intends to retain earnings,  if
any, to finance the development  and expansion of its business.  Future dividend
policy will be subject to the  discretion  of the Board of Directors and will be
contingent  upon future  earnings,  if any, the Company's  financial  condition,
capital requirements,  general business conditions and other factors. Therefore,
there can be no assurance that any dividends of any kind will ever be paid.

                                   THE COMPANY

         The Company is in the  nutritional  supplement  marketing  and internet
consulting  business.  In  addition,  the  company  is  negotiating  with  other
companies in the office  supply  field with the intent of  acquiring  all of the
shares or assets of one or more of these companies.  However,  if the company is
unable to complete the  acquisition/acquisitions it will continue to operate its
existing business and expand its activities through internal growth.

Management

         Dale B.Finfrock, Jr., is the Company's sole Director, and its President
and Secretary.

                             EXECUTIVE COMPENSATION

         Since the  Company  was  recently  incorporated,  it has no  historical
information  with respect to executive  compensation.  At the  conclusion of the
Offering, the Company does not intend to compensate its officers for services to
the Company from the  proceeds of this  Offering and will only do so when and if
the Company generates profits.

Compensation of Directors

         Directors  are not paid  fees for their  services  nor  reimbursed  for
expenses of attending board meetings.

                            DESCRIPTION OF SECURITIES

Shares

         The Company is offering hereby a "best efforts, no minimum basis" up to
1,200,000 shares of Common Stock at $.01 per Share.

Common Stock

         The  authorized  capital  stock of the Company  consists of  20,000,000
shares of Common Stock, $.001 par value. Holders of the Common Stock do not have
preemptive  rights  to  purchase  additional  shares  of  Common  Stock or other
subscription  rights.  The Common Stock carries no conversion  rights and is not
subject to redemption or to any sinking fund provisions. All shares

                                       17

<PAGE>

of Common Stock are entitled to share equally in dividends from sources  legally
available  therefor when, as and if declared by the Board of Directors and, upon
liquidation or dissolution of the Company, whether voluntary or involuntary,  to
share  equally  in the  assets of the  Company  available  for  distribution  to
stockholders.  All outstanding shares of Common Stock are validly authorized and
issued,  fully paid and  nonassessable,  and all shares to be sold and issued as
contemplated  hereby,  will be validly  authorized  and  issued,  fully paid and
nonassessable.  The Board of Directors is authorized to issue additional  shares
of  Common  Stock,  not  to  exceed  the  amount  authorized  by  the  Company's
Certificate  of  Incorporation,  on such  terms  and  conditions  and  for  such
consideration  as the Board may deem  appropriate  without  further  stockholder
action.  The above  description  concerning the Common Stock of the Company does
not purport to be complete.  Reference is made to the Company's  Certificate  of
Incorporation  and Bylaws which are available for inspection  upon proper notice
at the Company's offices,  as well as to the applicable statutes of the State of
Florida for a more complete description concerning the rights and liabilities of
stockholders.

         Prior to this  offering,  there has been no market for the Common Stock
of the  Company,  and no  predictions  can be made of the effect,  if any,  that
market sales of shares or the  availability  of shares for sale will have on the
market price  prevailing from time to time.  Nevertheless,  sales of significant
amounts of the Common  Stock of the Company in the public  market may  adversely
affect prevailing  market prices,  and may impair the Company's ability to raise
capital at that time through the sale of its equity securities.

         Each  holder of Common  Stock is  entitled to one vote per share on all
matters on which such  stockholders  are  entitled to vote.  Since the shares of
Common Stock do not have cumulative  voting rights,  the holders of more than 50
percent of the shares  voting for the  election of  directors  can elect all the
directors  if they  choose  to do so and,  in such  event,  the  holders  of the
remaining shares will not be able to elect any person to the Board of Directors.

                              PLAN OF DISTRIBUTION

         The Company  has no  underwriter  for this  Offering.  The  Offering is
therefore a self- underwriting. The Shares will be offered by the Company at the
offering price of $.01 per Share.

Price of the Offering.

         There is no, and never has been, a market for the Shares,  and there is
no  guaranty  that  a  market  will  ever  develop  for  the  Company's  shares.
Consequently, the offering price has been determined by the Company. Among other
factors  considered in such  determination  were estimates of business potential
for the  Company,  the  Company's  financial  condition,  an  assessment  of the
Company's  management and the general  condition of the securities market at the
time of this  Offering.  However,  such  price  does  not  necessarily  bear any
relationship to the assets, income or net worth of the Company.

         The offering price should not be considered an indication of the actual
value of the  Shares.  Such  price is  subject  to  change as a result of market
conditions and other factors,  and no assurance can be given that the Shares can
be resold at the Offering Price.

                                       18

<PAGE>

         There can be no assurance  that an active  trading  market will develop
upon  completion  of this  Offering,  or if such market  develops,  that it will
continue.  Consequently,  purchasers of the Shares offered hereby may not find a
ready market for Shares.

                                       19

<PAGE>

                             ADDITIONAL INFORMATION

         Each investor  warrants and  represents  to the Company that,  prior to
making an investment in the Company,  that he has had the opportunity to inspect
the books and records of the Company and that he has had the opportunity to make
inquiries to the  officers and  directors of the Company and further that he has
been provided full access to such information.

                       INVESTOR SUITABILITY STANDARDS AND
                             INVESTMENT RESTRICTIONS

Suitability

         Shares  will be  offered  and sold  pursuant  an  exemption  under  the
Securities Act, and exemptions  under  applicable  state securities and Blue Sky
laws.  There are different  standards  under these federal and state  exemptions
which must be met by prospective investors in the Company.

         The  Company  will sell Shares only to those  Investors  it  reasonably
believes meet certain suitability requirements described below.

         Each  prospective  Investor  must  complete  a  Confidential  Purchaser
questionnaire  and  each  Purchaser  Representative,  if any,  must  complete  a
Purchaser Representative Questionnaire.

         EACH INVESTOR MUST BE RESPONSIBLE FOR DETERMINING  THAT IT IS PERMITTED
TO INVEST IN THE COMPANY,  THAT ALL  APPROPRIATE  ACTIONS TO  AUTHORIZE  SUCH AN
INVESTMENT HAVE BEEN TAKEN,  AND THAT ANY  REQUIREMENTS  THAT ITS INVESTMENTS BE
DIVERSIFIED OR SUFFICIENTLY LIQUID HAVE BEEN MET.

         An investor will qualify as an  accredited  Investor if it falls within
any one of the  following  categories  at the time of the sale of the  Shares to
that Investor:

         (1) A bank as defined in Section  3(a)(2) of the  Securities  Act, or a
savings  and loan  association  or  other  institution  as  defined  in  Section
3(a)(5)(A) of the Securities Act,  whether acting in its individual or fiduciary
capacity; a broker or dealer registered pursuant to Section 15 of the Securities
Exchange Act of 1934;  an insurance  company as defined in Section  2(13) of the
Securities Act; an investment  company  registered under the Investment  Company
Act of 1940 or a business  development company as defined in Section 2(a)(48) of
that Act; a Small  Business  Investment  Company  licensed by the United  States
Small Business  Administration under Section 301(c) or (d) of the Small Business
Investment  Act of 1958;  a plan  established  and  maintained  by a state,  its
political  subdivisions,  or any  agency  or  instrumentality  of a state or its
political subdivisions, for the benefit of its employees, if such plan has total
assets in excess of $5,000,000;  an employee  benefit plan within the meaning of
the Employee  Retirement Income Security Act of 1974, if the investment decision
is made by a plan  fiduciary,  as defined in Section 3(21) of that Act, which is
either a bank, savings and loan association,  insurance  company,  or registered
investment adviser, or if the employee benefit plan has total assets in

                                       20

<PAGE>

excess of $5,000,000,  or, if a self-directed plan with the investment decisions
made solely by persons that are accredited investors;

          (2) A private  business  development  company  as  defined  in Section
     202(a)(22) of the Investment Advisers Act of 1940;

          (3) An  organization  described  in Section  501(c)(3) of the Internal
     Revenue Code with total assets in excess of $5,000,000;

          (4) A director or executive officer of the Company.

          (5) A natural person whose  individual  net worth,  or joint net worth
     with that person's  spouse,  at the time of such  person's  purchase of the
     Shares exceeds $1,100,000;

          (6) A  natural  person  who had an  individual  income  in  excess  of
     $200,000  in each of the two most  recent  years or joint  income with that
     person's  spouse  in excess of  $300,000  in each of those  years and has a
     reasonable  expectation  of reaching  the same income  level in the current
     year;

          (7) A trust with total assets in excess of $5,000,000,  not formed for
     the specific purpose of acquiring the securities offered, whose purchase is
     directed by a  sophisticated  person as describe in Rule  506(b)(2)(ii)  of
     Regulation D; and

          (8) An  entity  in  which  all of the  equity  owners  are  accredited
     investors (as defined above).

         As used in this  Memorandum,  the term "net worth"  means the excess of
total assets over total  liabilities.  In computing net worth for the purpose of
(5) above,  the  principal  residence  of the  investor  must be valued at cost,
including  cost  of  improvements,   or  at  recently   appraised  value  by  an
institutional lender making a secured loan, net of encumbrances.  In determining
income an  investor  should  add to the  investor's  adjusted  gross  income any
amounts attributable to tax exempt income received,  losses claimed as a limited
partner  in  any  limited   partnership,   deductions   claimed  for  depletion,
contributions  to an IRA or KEOGH  retirement plan,  alimony  payments,  and any
amount by which income form long-term capital gains has been reduced in arriving
at adjusted gross income.

         In order to meet the  conditions  for exemption  from the  registration
requirements under the securities laws of certain  jurisdictions,  investors who
are  residents  of  such   jurisdiction  may  be  required  to  meet  additional
suitability requirements.

         An  Investor  that does not  qualify  as an  accredited  Investor  is a
nonaccredited Investor and may acquire Shares only if:

          (1) The  Investor is  knowledgeable  and  experienced  with respect to
     investments  in limited  partnerships  either  alone or with its  Purchaser
     Representative, if any; and

          (2) The Investor has been provided access to all relevant documents it
     desires or needs; and

                                       21

<PAGE>

          (3) The  Investor  is  aware of its  limited  ability  to sell  and/or
     transfer its Shares in the Company; and

          (4) The  Investor can bear the economic  risk  (including  loss of the
     entire  investment)  without  impairing  its  ability  to  provide  for its
     financial  needs and  contingencies  in the same  manner as it was prior to
     making such investment.

         THE COMPANY RESERVES THE RIGHT IN ITS ABSOLUTE  DISCRETION TO DETERMINE
IF A POTENTIAL  INVESTOR  MEETS OR FAILS TO MEET THE  SUITABILITY  STANDARDS SET
FORTH IN THIS SECTION.

Additional Suitability Requirements for Benefit Plan Investors

         In addition to the foregoing suitability standards generally applicable
to all  Investors,  the Employee  Retirement  Income  Security  Act of 1934,  as
amended ("ERISA"),  and the regulations promulgated thereunder by the Department
of Labor impose certain additional  suitability standards for Investors that are
qualified   pension,   profit-sharing   or  stock  bonus  plans  ("Benefit  Plan
Investor"). In considering the purchase of Shares, a fiduciary with respect to a
prospective  Benefit Plan Investor  must  consider  whether an investment in the
Shares will satisfy the prudence  requirement of Section  404(a)(1)(B) of ERISA,
since  there  is not  expected  to be any  market  created  in  which to sell or
otherwise  dispose of the Shares.  In  addition,  the  fiduciary  must  consider
whether the investment in Shares will satisfy the diversification requirement of
Section 404(a)(1)(C) of ERISA.

Restrictions on Transfer or Resale of Shares

         The  Availability  of Federal and state  exemptions and the legality of
the offers and sales of the Shares are conditioned upon, among other things, the
fact that the purchase of Shares by all  Investors are for  investment  purposes
only  and  not  with  a  view  to  resale  or  distribution.  Accordingly,  each
prospective Investor will be required to represent in the Subscription Agreement
that it is  purchasing  the Shares for its own  account  and for the  purpose of
investment  only, not with a view to, or in accordance with, the distribution of
sale of the  Shares and that it will not sell,  pledge,  assign or  transfer  or
offer to sell, pledge, assign or transfer any of its Shares without an effective
registration  statement under the Securities Act, or an exemption there from and
an opinion of counsel  acceptable  to the Company  that  registration  under the
Securities Act is not required and that the transaction  complies with all other
applicable Federal and state securities or Blue Sky laws.

                                       22

<PAGE>

                               Bio-One Corporation

                             (A Nevada Corporation)

                             Subscription Documents

                                   May 2, 1998

                           INSTRUCTION FOR COMPLETION

         In connection  with your  subscription  for Bio-One  Corporation  ("the
Company"),  enclosed herewith are the following documents which must be properly
and fully completed and signed:

1.  INVESTMENT  AGREEMENT.  Fully  completed and signed.  Please make your check
payable  to the  Company.  (Note to  partnerships  who wish to  subscribe:  each
general partner of the  partnership  must fully complete and sign the investment
Agreement).

-------------------------------------------------------------------------------

NOTES TO SUBSCRIBERS:

     (a) Please  indicate on the  Subscription  Agreement  and the  Confidential
Purchaser  Questionnaire  how the Units are to be held (e.g.  joint tenants with
rights of survivorship, tenants by the entireties, etc.)

     (b) Please return Subscription  Documents and checks to the Company at P.O.
Box 669,  Palm Beach,  FL 33480.  Checks  should be made  payable to the Bio-One
Corporation

     (c) Additional  copies of the required forms are available from the Company
at P.O.  Box 669,  Palm  Beach,  FL 33480,  or by calling  the  Company at (561)
833-5092.

                                       23

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