FARMINGDALE, N.J.--May 23, 2000--JagNotes.com Inc (OTC B.B: JNOT) announced that it has signed a letter of intent with Chelsea Television Studios (CTS), headquartered in the heart of the Chelsea section of New York City, to house the production of its forthcoming financial Webcasting service. CTS will also assist JagNotes in the production and post-production of the programming.

Already in the design phase, the new JagNotes studio is scheduled for completion by early summer. JagNotes' yet-to-be named Webcasting service, set to launch shortly thereafter, will feature original, live financial programming focusing on breaking news and market-moving information geared toward online investors and financial professionals. Among the talent signed to anchor the programming are former CNBC Business News reporters Peter Barnes and Kate Bohner.

Heading up programming development and production of the Webcasting service is Emmy Award-winning producer Jack Reilly, former vice president of programming for CNBC Business News and creator of such industry-standard shows as CNBC's "Squawk Box," "Power Lunch" and "Business Center."

"With its central Manhattan location, this state-of-the art studio will allow us unprecedented levels of interaction with financial professionals, business leaders and casual investors from around the world," said Gary Valinoti, President & CEO of JagNotes.com Inc. "It will be instrumental in helping us reshape business news for the Internet Era."

"Chelsea Studios' reputation for excellence in video production is widely acknowledged among industry leaders throughout the New York media market," continued Valinoti. "We look forward to working with them as we grow into a global news organization."

"This type of relationship is what we're all about-working with media organizations to develop cutting-edge programming," said Eric Duke, president, Chelsea Studios. "It's particularly exciting to be working with Jack Reilly, whose career parallels so many significant developments within the TV industry."

About Chelsea Television Studios

Chelsea Television Studios is a state-of-the-art production and post-production video and audio facility, with a staff of award-winning editors, producers and engineers. The company maintains a number of fiber transmission paths both into and out of its facility, including bidirectional connectivity to Waterfront and Vyvx. Formerly a CBS Television studio, Chelsea once housed the production of such classic programming as "The Patty Duke Show," "Sgt. Bilko" and "PlayHouse 90."

About JagNotes.com, Inc.

JagNotes.com Inc. is a leading global provider of Internet-based equities research and financial news that provides its subscribers with a variety of diversified research and news products, including "Streetside with Dan Dorfman", and "JagNotes", the Company's flagship early morning consolidated research product. JagNotes recently launched a worldwide Webcasting project, to be developed by Jack Reilly, who joined the Company, as Executive Vice President of Programming. Among his many accomplishments in the television news and entertainment industry, Mr. Reilly is the creator of CNBC's highly successful financial news features, "Squawk Box" and "Power Lunch", and formerly was the producer of "Good Morning America". Mr. Reilly has been the recipient of many industry awards, including the EMMY. Joining him in the international Webcasting project are former CNBC veterans Kate Bohner and Peter Barnes.

The Company also recently launched JagNotes-Euro.com, and established operations in London, as a first step in the geographic expansion of its operations and development of individualized financial products for the European, Asian and Latin American markets. JagNotes also recently announced a strategic alliance with Alta Vista.

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