Second Stage Ventures Inc. Letter of Intent to Acquire Nova Electric Systems Inc.

LAS VEGAS, Jan. 6, 2004 -- Ms. Zennie Morris, President of Second Stage Ventures Inc. (BULLETIN BOARD: SSVT) , is pleased to announce that Second Stage Ventures has entered into a letter of intent to acquire 100% of the issued capital of Nova Electric Systems Inc. ("Nova") in consideration for the issuance from treasury and delivery of ten million (10,000,000) common shares of Second Stage Ventures. Nova is a private Nevada corporation which has recently secured the exclusive right to, among other things, manufacture and distribute two and three wheeled cycles and scooters driven by a revolutionary and efficient lithium-ion based electrical propulsion system. Ms. Morris remarked that, "While we were attracted by Nova's rights in relation to the electrical technology, our decision to acquire Nova was made final when the principals of Nova successfully negotiated the framework for a strategic alliance with one of the world's largest manufacturers of cycles and scooters. This Asian company generates approximately $1.8 billion in revenue annually from the design, production and distribution of cycles and scooters and has agreed to joint venture with Nova in the manufacture and distribution of a number of products most notably electrically propelled cycles and scooters. This powerful industry relationship has validated our belief in the technology and materially enhances the Company's opportunity for commercial success," adds Ms. Morris. "We believe that the combination of Nova's rights to commercially viable technology and the ability to joint venture with an industry leader will allow the management of Second Stage Ventures to significantly enhance shareholder values."

Forward-Looking Statements

A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, many of which are beyond the control of the management of Second Stage Ventures, including but not limited to: competitive market conditions, successful integration of acquisitions, reliance on key markets, suppliers and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions as well as the ability to secure additional sources of financing. Forward-looking statements by their nature involve substantial risks and uncertainties. Actual results achieved by Second Stage Ventures may differ materially depending on many factors, including those described above.