WASHINGTON, DC, October 11, 1999 -- Ellipso, Inc. today announced the creation of Ineva.com, Inc. to offer global Internet applications and landline Internet access. Ineva.com is a subsidiary of Ellipso, Inc. and is jointly owned by Ellipso and Virtual Geosatellite, LLC.

"We have created Ineva.com to address global Internet applications needs and provide Internet access today for Ellipso and Virtual Geo users tomorrow. This is a strategic move on Ellipso's part to diversify and offer end-to-end service," said Dr. David Castiel, President and Chief Executive Officer of Ellipso, Inc.

Ellipso will offer global voice and low to mid speed data transmittal. Virtual Geo will offer global broadband Internet access on demand. Ineva.com ties the two together with global applications. To complement and connect its systems, the Ellipso team created Ineva.com to develop a suite of Internet applications to facilitate e-commerce, telemedicine, distance learning, time management and more. Ineva.com will also offer Internet connectivity today through landlines that will extend to the consumer on a global basis through Virtual Geo tomorrow.

Ineva.com is headquartered in Washington, D.C., as are Ellipso and Virtual Geo.

For more information on Ineva.com, visit the web site: www.ineva.com.