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Alottafun! Inc. Enters Into Letter of Intent with Preston Tire, Inc.

22 December 2000

Alottafun! Inc. Enters Into Letter of Intent with Preston Tire, Inc.

    WEST BEND, Wis., Dec. 21 Michael Porter, CEO of Venture
Development, Inc., formerly Alottafun! Inc. 
(Frankfurt: AZE), announced today that Venture Development, Inc. and Preston
Tire, Inc., a privately held company located in Kingwood, W.Va., have entered
into a letter of intent to explore the possible acquisition of Preston Tire by
Venture Development and to examine other business combinations.  Terms and
conditions of the letter of intent will be disclosed upon completion of the
due diligence process.
    Preston Tire maintains an approved and permitted tire recycling facility
on 110 acres in West Virginia.  Preston Tire is the only tire recycling
facility in the state of West Virginia and has permits that enable it to
recycle tires from West Virginia, the bordering states and New Jersey and New
York.  It has permits to construct seven storage and holding cells with room
to expand to a total of eleven.  Each cell is capable of holding 720,000 tires
that have been shredded into two-inch chips.  The company has three
operational shredders, conveyors, and other equipment necessary for the
environmentally safe processing and conversion of scrap tires.  The company is
evaluating and negotiating to purchase equipment for processing tire chips
into crumb rubber.  Crumb rubber is currently used in the manufacture of over
200 products ranging from impact barriers to pencil sharpeners.  Video
cassettes, tennis courts, handbags, ballpoint pens, and roofing shingles can
be made from crumb rubber.
    It is believed that in the U.S., one tire is produced for every person per
year.  Of the 270,000,000 tires that are scraped each year, only 20,000,000
are recycled in one form or another.
    Alottafun! Inc., now Venture Development Inc., in stride with its new
identity and corporate focus, is in the business of acquiring, developing and
consolidating revenue generating companies that have profits and assets, or
those entities that have a clear plan to achieve significant revenues, profits
and assets.  The Company continues to seek interesting candidates that will
blend with the primary new focus of Venture Development Inc.