Greenleaf Announces Completion of Future Com of South Florida, Inc. Acquisition

18 November 1999

Greenleaf Announces Completion of Future Com of South Florida, Inc. Acquisition

    AUSTIN, Texas--November 18, 1999--Greenleaf Technologies Corp. (OTC BB: GLFCE) ("Greenleaf"), announced today that the company has completed the acquisition of 100% of the common stock of Future Com of South Florida, Inc. ("FCI"), a Florida corporation. FCI will operate as a wholly owned subsidiary of Greenleaf. Also, at the time of the closing, FCI entered into an agreement to acquire a dedicated communication satellite license from StarLink Telecommunications Technologies, Inc. ("Starlink").
    FCI's business focus is to network independently owned and operated 220MHZ Specialized Mobil Radio ("SMR") systems throughout the United States. FCI's current business operations involve acquiring and consolidating four individual entities currently engaged in the development of SMR Systems. FCI's management believes that its acquisition of the satellite license will allow FCI to offer a cost effective satellite and software technology enabling seamless communications throughout North and South America while providing long distance, voice mail, delivering Internet data transmission as well as other value added sources.
    Leonard Berg, president and CEO of Greenleaf stated, "There new strategic business combination offers us the opportunity for growth through consolidation in the narrowband spectrum wireless business."
    Greenleaf also announced that an agreement has been reached with Peter Jegou for Mr. Jegou to become CEO of Future Com.
    Greenleaf Technologies Corporation, based in Austin, Texas, is the exclusive software security provider for all DVD-ROM projects for Warner Advanced Media Operations (WAMO), a division of WEA Mfg., a Time Warner Company. Greenleaf is also a member of WAMO's Worldwide Affiliate Program.
    Greenleaf develops and markets encryption services designed for the software and entertainment industries including games, applications and music. Greenleaf's innovative software security protection offers new ways to bundle and distribute PC-based content on advanced media including DVD-ROM and the Internet.
    WAMO is the co-developer of the DVD replication process and provides a complete DVD solution including video compression, encoding, authoring, anti-piracy, packaging, distribution tracking, Internet connectivity, consumer technical support, replication and encryption worldwide.
    Prices for the Company's common stock currently are quoted on the OTC Bulletin Board (the "Bulletin Board"). On November 15, 1999 the company made the first filing of its Form 10-SB with the SEC in order to satisfy the recently enacted reporting requirements for the OTC Bulletin Board. The Company anticipates that it will take 45 to 90 days before the company's Form 10-SB has cleared SEC comments and been amended accordingly. Therefore, it currently is anticipated that the Company's stock will not be quoted on the Bulletin Board from December 2, 1999 for a period of 30 to 75 days. Although the Company intends to be in full compliance with the new reporting requirements by the end of the 75 days, there is no guarantee that this will occur. It is anticipated that the Company's stock will be quoted on the electronic "pink sheets" during the time period that its stock is not quoted on the Bulletin Board.

This release contains forward-looking statements with respect to the results of operations and business of Greenleaf Technologies Corporation that involve risks and uncertainties. The Company's actual future results could materially differ from those discussed because of various risks and uncertainties related to the Company and its business. Certain of those risks and uncertainties will be detailed from time to time in the Company's periodic reports, they include the risk of existing and potential competition to the company and the company's potential need for additional capital in order to pursue its business plan. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "safe harbors" provisions of the Private Securities Litigation Reform Act of 1995.