i-Incubator Clarifies February 13, 2001 Record Date and Nasdaq Announces X Dividend Date of February 26, 2001

    MIAMI--Feb. 16, 2001--i-Incubator.com, Inc. (OTCBB:INQU) is clarifying that the record date for the spin off of its four wholly owned subsidiaries, i-CarAuction.com, Inc., i-Teleco.com, Inc., i-Aerobids.com, Inc. and i-AntiqueAuction.com, Inc. as well as its shares of its subsidiary i-RealtyAuction.com, Inc. and its 1,500,000 shares of Wealthhound.com, Inc. (NQB:WLTH) was February 13, 2001. All i-Incubator shareholders as of February 13, 2001 will receive a distribution of the Subsidiaries common stock. In addition, NASDAQ has set February 26, 2001 as the "X" Dividend date for the spin off which means that February 26, 2001 is the first date that i-Incubator will trade without the "spun off" shares. A pay date of February 23, 2001 has been set by i-Incubator and confirmed by NASDAQ and therefore the transfer agent for the Subsidiaries will distribute the share certificates on such date.

    Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of i-Incubator.com, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, changes in technology, and competition. For purposes of disclosure, the Company has received assistance in the drafting of this news release by the Company's shareholder relations agent, who receives three-thousand dollars on a month-to-month basis for providing such shareholder relations services.