Virtumundo, a Leading Internet Company, Sponsors Indy Cars At Kansas Speedyway in an Attempt to Increase Exposure

    KANSAS CITY, Mo., July 5 Virtumundo announced today that
it will be sponsoring two cars for this weekend's sold-out event at the Kansas
Speedway.  Sam Schmidt Motorsports and TeamXtreme have partnered together so
Virtumundo will enjoy a sponsorship affiliation with Jaques Lazier and Airton
Dare.  Virtumundo, a leading online advertising company, will grace the side
pods as the premier sponsor of Lazier's car at this weekend's race at the
Kansas Speedway.  Lazier formerly piloted TeamXtreme's #77 entry but now
drives for Sam Schmidt Motorsports.  Additionally, Virtumundo will appear on
the engine cover of Airton Dare's TeamXtreme Racing car as an associate
sponsor.
    "We are proud to affiliate with Virtumundo for the inaugural Kansas City
race," says TeamXtreme General Manager John Lopes.  "We look forward to a
long-lasting relationship between the team and such an innovative company."
Starke Taylor, TeamXtreme's Director of Sponsorship, added, "Our relationship
with Virtumundo offered us a neat twist in that we have developed a fabulous
new sponsor and we have the opportunity to help out Jaques and Sam along the
way."
    This weekend's race will be the first time the Indy Racing League has
visited the new Kansas Speedway.  The race is sold out with over 65,000 fans
attending the event.  The race is expected to largely benefit the Kansas City
area.
    Virtumundo intends to use the sponsorship to further brand its name in
Kansas City.  As of last month, Virtumundo  successfully relocated many of its
development staff to the Kansas City area and is in the process of
constructing a new sales team to work alongside its current sales team in New
York.  Scott Lynn, President and CEO of Virtumundo, states, "We're beginning
to put forth considerable effort in branding our name to expanding awareness
of who we are and what we do in the Kansas City area.  We hope to make
considerable contributions in the near future by sponsoring many local
activities."

    About Virtumundo, Inc.
    Virtumundo Inc. is a top 100 Internet Company having reached over
12 million unique visitors in the month of April 2001.  The Company is an
industry leader in providing narrowly targeted advertising solutions for more
than 200 corporate clients.  Virtumundo was featured in the April 23, 2001
issue of the Wall Street Journal and is currently running advertising
campaigns for companies such as AT&T, Sprint and Equifax.
    Virtumundo Investments Inc., a subsidiary of Virtumundo Inc., provides
companies with substantial advertising and direct marketing opportunities.  In
exchange for equity, Virtumundo Investments typically provides advertising and
marketing funding of up to $2,000,000 for a wide range of companies.  The
company has offices in Kansas City, Missouri and Rochester, New York.
Virtumundo can be visited at http://www.virtumundo.com.  Virtumundo
Investments, Inc. can be visited at:  http://funding.virtumundo.com .

    About TeamXtreme
    Founded in 1999, TeamXtreme is a member of the Indy Racing League whose
mission is to ensure that the highest ideals of sportsmanship and character
are displayed at all times by its team members.  The team strives to present a
positive image while instilling confidence in and respect for their corporate
sponsors and the IRL.
    TeamXtreme Racing operates a 30,000 square foot shop facility in Rockwall,
Texas and has corporate offices located in Phoenix.  TeamXtreme fields the #88
car for the 2000 Rookie of the Year Airton Dare.  Dare is currently number
nine in the IRL points standings.  For more information concerning TeamXtreme
Racing and Airton Dare, please visit http://www.teamxtreme-irl.com .

    Contacts
    Virtumundo, Inc.: (816) 931-1771
    Virtumundo Investments: (816) 931-1771 ext. 240
    TeamXtreme Racing, L.L.C.: (972) 772-2686
    (214) 642-3815

    Richard Ramos
    786-261-8205
    rramos@virtumundo.com

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