Freedom Motorcycles Inc. Announces Merger With lowestbids.com.

    MINNEAPOLIS--Aug. 6, 2002--Freedom Motorcycles Inc. (OTC:FMCY) announced that it has entered into a reverse merger agreement with lowestbids.com which owns the .1web network (dot one web).
    The .1web network consists of Webwide I.S.P. offering unlimited monthly internet access for $8.95 or lower, Webwide Auctions, a real-time auction site with no listing fees or final sales fees, Accept Pay, a merchant bank allowing businesses to accept Visa and Mastercard, and Instant Web Advertising, a real-time advertising website for home-based, small or large businesses to advertise locally, regionally, or around the world instantly.

    Conference call scheduled for analysts, brokers & investors.

    Thursday Aug. 8, at 2:00 PM EDT, interested parties can join the conference call by calling 866/674-5827.
    Two hours after the conclusion of the conference call a replay will be posted at 866/299-2549 using pin code 3421938 for up to 7 days.
    Prior to the completion of the proposed merger, Freedom shall have completed its spin-off distribution of Norton Motor Company. The operation and management of Freedom and Norton will be independent of each other and there will be no business relationship between the two companies.
    Upon completion of the proposed merger, Freedom will be issuing approximately 86% of the then outstanding shares of Freedom to the shareholders of lowestbids.com.
    Effective Aug. 21, 2002, Freedom Motorcycles will change its name to DOT1WEB and will effect a reverse split of its stock on a 1 for 19 basis.

    .1web network background.

    .1 web network, through its retail and internet network of consumers and businesses has localized the Internet. Localization allows home based and small businesses to get the same exposure large corporations get within the areas they service for a fraction of the cost. Business can advertise locally to consumers in any of 75,000 cities in the United States instantly without the aid of advertising companies or sales people. Advertising campaigns can be started for as little as $1.
    Bob Demaio, president and CEO .1web network states "that the internet's potential has not truly been realized until now. Through localization, businesses can now improve their revenues and liquidate excess inventory instantly through the process of last minute localized advertising to customers in their area that can act on their special incentive offerings." The .1web network can be accessed at www.webwideisp.com.