Article: Cyco.net Inc. Signs $20 Million Equity Line of Credit with Cornell Capital Partners.

Business Editors

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--April 7, 2004

Cyco.net Inc. (OTC BB: CYKE) announced today it has signed a financing commitment with Cornell Capital Partner LP, a New Jersey-based investment firm, that will provide up to $20 million in financing.

Pursuant to the terms of the funding agreement and upon an effective registration statement, Cyco.net has secured a firm commitment for up to $20,000,000 from Cornell to purchase shares of the company's common stock. This commitment is not contingent upon a price times volume matrix and there are no mandatory draw downs or nonwithdrawal fees. Cyco.net has the right but not the ...

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