Communicate.com Announces Debt Reduction; Automobile.com Launched

VANCOUVER, British Columbia--May 3, 2004--Further to the news release dated Feb.1, 20047, 2004, Communicate.com Inc. (OTCBB:CMNN) today announced it has received a fourth $200,000 payment from Manhattan Assets, Inc. towards the purchase of four URLs for $1 million.

Communicate.com utilized part of the proceeds to pay off $100,000 of its $250,000 long-term loan, and will use the remaining funds to develop new eCommerce sites from its roster of domains.

One additional quarterly installment of $200,000 is owed to Communicate.com to complete the transfer of the URLs to Manhattan Assets, and Communicate will allocate a portion from the final payment to reduce its debt further.

In other news, Communicate.com announced that the Automobile.com portal has been launched. Communicate - which sold Automobile.com to Manhattan Assets as part of the above-mentioned agreement - retains a five-percent royalty on gross sales from the new B2C portal.

Automobile.com is one of the most recognizable domains in the automotive space, and Communicate.com will be working with Automobile.com in developing marketing initiatives aimed at building the portal into a leading online brand.

A 2003 J.D. Power and Associates' study found that that 64 percent of automobile buyers did at least some online research before buying a new car or truck. The study also discovered that forty-nine percent of new-vehicle buyers said the Internet impacted the make and model of the vehicle they purchased.

About Automobile.com:

Automobile.com connects people with automobile products and services including free online car quotes, comprehensive new car research, used car information and access to car financing and insurance services. For more information, please visit www.automobile.com.

About Communicate.com:

Communicate.com is a profitable, growth-driven eCommerce company with over 25 intuitively branded Internet domains, including Perfume.com, Importers.com and Brazil.com. Communicate.com's online properties instinctively attract approximately one million unique visitors and potential clients each month without the traditional advertising expenditures. For more information, please visit www.communicate.com.

This news release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein.