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Nettaxi Sponsors Motorcycle Racing Champions; Plans to Unveil Dedicated Website for Grand Prix Racing Fans

14 September 1999

Nettaxi Sponsors Motorcycle Racing Champions; Plans to Unveil Dedicated Website for Grand Prix Racing Fans

    CAMPBELL, Calif.--Sept. 14, 1999--Nettaxi, Inc. , a community and portal website with more than 1.3 million unique visitors per month, today announced the sponsorship of Kanemoto Racing, Inc., a California corporation that owns and manages a Grand Prix motorcycle racing team. The sponsorship will be in effect for the last six events on the 1999 F.I.M. World Championship Grand Prix Motorcycle Road Racing Series calendar. The Nettaxi identity and logo will be prominently displayed on the Kanemoto motorcycles, travelling trailer and at all races held throughout Europe, Australia, South America and South Africa.
    Since its inception, Kanemoto Racing has won 35 Grand Prix events and held four World Championships. Nettaxi will be building and hosting a website dedicated to Kanemoto Racing and Grand Prix racing that will include up-to-date statistics, race schedules and scores and current events and information regarding Grand Prix racing. Fans will be able to access the most current information on motorcycle racing, and Kanemoto Racing in particular.
    "Nettaxi has come on board as a team sponsor at a very critical time, making it possible for us to finish the season," said Erv Kanemoto, team owner, Kanemoto Racing. "We look forward to providing Nettaxi with a platform to expose the company to the large international audience that follows World Grand Prix racing."
    "We have committed many resources to growing our community, are dedicated to Motorsports and eager to help promote Kanemoto Racing," said Dave Schlenz, director of business development, Nettaxi. "We're eager to build a website for Kanemoto Racing so fans can watch the team's progress and check for up-to-date Grand Prix racing information."
    The sponsorship is effective immediately and will be promoted on Kanemoto motorcycles and trailers seen throughout Europe, Australia, South America and South Africa.

    About Nettaxi, Inc.

    Nettaxi, Inc., with headquarters in Campbell, Calif., is a developer of commerce-enabled and content-rich communities that offer its citizens a place to build a "home" on the Internet. Through its website at www.nettaxi.com and its interactive CD-ROM product "Nettaxi: The Experience," Nettaxi provides its "citizen" members with a powerful meta-web search engine, access to news, entertainment, sports, financial and travel information and services such as free e-mail, personal home pages, chat and messages. In addition, Nettaxi now offers the Nettaxi Mall, with thousands of products to choose from to enhance its citizens online shopping experience.

    Safe Harbor Statement

    Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should," or "anticipates" or the negative thereof or given that the future results covered by the forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.