[HaCkmEeTiNg] ADV: SEQUIAM CORP Continues Work With World Olympian Association

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SEQUIAM CORP - Continues Brekel Group Inc.'s Work With World Olympian Association - Under the BGI Sports Division

MONDAY , AUGUST 12, 2002 11:13 AM

New York, New York, Aug 12, 2002 (Market News Publishing via COMTEX) -- Sequiam Corporation is pleased to announce the continued progress of the work on the World Olympian Association ( WOA ) Internet Community and the Official Website for the Community of Olympic Athletes, by Brekel Group, Inc. (BGI) under its BGI Sports division (www.bgisports.com).

Sequiam Corporation acquired over ninety percent (90%) of BGI on July 19, 2002.

On December 5, 2001, BGI signed a contract with the World Olympian Association to exclusively develop, create, host and maintain the official Internet site of the World Olympian Association called ExtraNet. The scope of ExtraNet is intended to encompass the full digital media program of the WOA, including the delivery of editorial content, on-line membership services, support of WOA sponsor/partner programs and electronic commerce.

In addition, BGI Sports is currently implementing the worldwide database for the Official Website of the Community of Olympic Athletes.

Under the terms of its contract with the WOA, BGI Sports is developing ExtraNet at its own cost and expense, and receives 35% of all sponsorship revenues in addition to 35% of any merchandizing sales prices less fixed costs in accordance with United States Generally Approved Accounting Procedures ( GAAP). In addition, the WOA has committed to provide support in integrating BGI Sports' relationship within the Olympic family, including the International Olympic Committee (IOC), various National Olympic committees (NOCs), official sponsors of the Olympic Games, and the WOA membership. WOA shall be the exclusive owner of all content on ExtraNet and shall be the owner of all material created for the ExtraNet by WOA or BGI Sports. BGI expects to begin receiving revenue under this contract in 2003, and BGI expects to continue to incur expenses related to the development and ongoing maintenance of ExtraNet for the duration of the contract.

The WOA creates ongoing and active support of the International Olympic Committee in its progressive developmental policies in sport and culture. The World Olympians Association is constituted by National Olympian Associations around the world. All Olympians are members through their National Associations. Among its primary activities, the WOA disseminates Olympic ideals, provides educational programs, supports the fight against drugs, promotes environmental protection, works against violence and intolerance, supports the diversity and equality in sports and sport management, supply self-help benefits to Olympians and contributes to sport-centered charitable programs.

"To contribute to the Olympic ideals and the Olympic movement is an honor and privilege," says Nick VandenBrekel, Chief Executive Officer of Sequiam Corporation. "The activities, goals and ambitions of the World Olympians Association are strongly supported by our company, and we look forward to a long and productive relationship with this representative body of the Olympic Movement."

About Sequiam Corporation:

Sequiam is a professional services and software organization that delivers custom-tailored information management, web-portal, internet transactional and hosting services to public and private sector organizations. Sequiam has leveraged its expertise in digital document management and workflow optimization to create a proprietary system to store, organize, retrieve, implement, manufacture and distribute virtually any digital information. Sequiam delivers customized end-to-end solutions to meet the needs of both sophisticated and novice users.

For more information about Sequiam Corporation, visit www.sequiam.com

This release includes statements that may constitute forward-looking statements pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, or by the Securities and Exchange Commission in its rules, regulations and releases. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks include the following: (a) the contract with WOA may be terminated for any reason by either party upon 120 days advance written notice, after which BGI will cease to collect revenue from ExtraNet; (b) ExtraNet may contain copyrighted materials by agreement with other parties, and BGI Sports has the responsibility to obtain, and may have difficulty obtaining, any rights, licenses, clearances, releases or other permissions necessary in the use of any third party content. Additional risks include the possibility that BGI Sports will not receive sufficient revenue from ExtraNet to cover its cost of development; that Sequiam Corporation's analysis of the World Olympian Association's prospects will prove to be inaccurate and as a result, the agreement will fail to improve Sequiam Corporation's financial condition; that the World Olympian Association's intended use of ExtraNet will change significantly in a manner that significantly reduces BGI Sports' revenue from ExtraNet; that BGI Sports will not maintain its current position in the marketplace; and that Sequiam Corporation's long-term strategies and goals may change significantly from those identified in this release. Although Sequiam Corporation believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be met. These forward-looking statements speak only as of the date hereof. Sequiam Corporation disclaims any intent or obligation to update these forward-looking statements.

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