Freedom Motorcycles Announces News from Shareholders Meeting: Name Change, New Board Members and Reverse Stock Split

    MINNEAPOLIS--Aug. 21, 2002--Freedom Motorcycles Inc. (OTC:FMCY) announced today that at its shareholders meeting on Aug. 20, 2002, Robert DeMaio and John Lai were elected to the board.
    In addition, the shareholders approved a name change of the company to Dot1Web, and ratified a 1 for 19 reverse stock split -- both will take effect on Sept. 3, 2002. At that time, the company will trade under a new stock symbol (OTC:DTWB).
    The company also completed its spin off of Norton Motor Company to its shareholders as of Aug. 20, 2002.
    DeMaio is the president, CEO and chairman of LowestBids.com, and has held similar executive and management positions with Drive4u.com. He has over 20 years management experience with successful business operations.
    Lai has been a director and key executive officer for Freedom Motorcycles since last year. He is also the owner and CEO of Genesis Capital Group, Inc., a diversified consulting company primarily providing services to start-up and early stage companies intending on becoming publicly traded and raising equity capital.

    About Freedom Motorcycles

    Freedom Motorcycles recently announced that it has acquired a license to use the registered Norton trademarks for North America. Norton is a motorcycle brand of British racing heritage recognized worldwide. The company then spun off Norton Motor Company to its shareholders. Norton Motor Company will re-introduce Norton as an American manufactured motorcycle. The first production model, due for release in the fourth quarter of 2002, will be called the Freedom Cruiser by Norton.