NewTech and IVIP complete initial organizational changes

BLAINVILLE, Quebec & NEW YORK, N.Y., May 9 - Mr. Yvon Rancourt, Chairman and COO of Newtech Group International Inc. and Chairman of the Board of Internet VIP Inc. (NASD OTC:BB - IVIP), and Mr. Denis Gamache, Interim CEO of IVIP, announced today that the first round of regulatory requirements have been met and the organizational changes announced jointly by NewTech and IVIP on April 19, 2002 are complete. Effective May 6, 2002, a new Board of Directors appointed by NewTech Group International Inc. controls Internet VIP Inc.

"We are pleased to have been able to rapidly make these initial changes in the organization of the company", said Mr. Rancourt. "This vital first step in the process will permit NewTech Group International Inc. to restructure IVIP, commence the recruitment of a new, dedicated management team and launch the commercialization of the NewTech "Full Contact" disc brake on the North American and European heavy vehicle market", Mr. Gamache added.

CHANGE IN ORIENTATION...CHANGE IN NAME

additional regulatory requirements have been met, the new entity will officially operate under the name of NewTech Brake Corp., obtain a new CUSIP number and the NASD is expected to assign a new ticker symbol. Until that time the company will operate under the name of "Internet VIP Inc. (IVIP) doing business as (dba) NewTech Brake Corp." and continue trading under the current OTC:BB - IVIP ticker symbol.

IVIP dba NewTech Brake Corp., a Delaware company, will operate under an exclusive license from NewTech Group International Inc. to commercialize the NewTech patented full-contact foundation disc brake for heavy vehicles (OEM and aftermarket) in North America and Europe. The NewTech brake was developed over the past ten years in the NewTech Canadian Research Center located in Blainville, Quebec.

The Press Release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about the company's business are more fully discussed in the Management's Discussion and Analysis published in the company's annual report.