CRMNET.COM INC.

CRMNET.COM INC.

February 24, 2005 09:22 ET

CRMnet.com Inc. Announces Share Consolidation and Name Change


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CRMNET.COM INC.

TSX VENTURE SYMBOL: CRM.H

FEBRUARY 24, 2005 - 09:22 ET

CRMnet.com Inc. Announces Share Consolidation and Name
Change

TORONTO, ONTARIO--(CCNMatthews - Feb. 24, 2005) - CRMnet.com Inc. (TSX
VENTURE:CRM.H) today announced that the TSX Venture Exchange has
approved a one new share for three old shares consolidation of the
common shares of the Company and a name change to Advanced Explorations
Inc. The name change and share consolidation were approved at the annual
and special meeting of shareholders which was held on September 30, 2004.

The effective date of the name change and the consolidation will be
February 25, 2005. The new trading symbol will be "AXI.H".

Shareholders of the Company will be requested to deliver their share
certificates representing the pre-consolidation common shares to the
Company's registrar and transfer agent, Equity Transfer Services Inc.
("Equity") against delivery of new certificates representing the
post-consolidation common shares. A letter of transmittal for the
exchange of the shares will be sent to the shareholders concurrent with
the issuance of this news release. To receive certificates representing
common shares of Advanced Explorations Inc. on a post-consolidated
basis, registered shareholders should follow the instructions set out in
the letter of transmittal and send their CRMnet.com common share
certificates, together with the letter of transmittal to Equity. Equity
will then mail back the new share certificates to which the registered
shareholder is entitled in accordance with the instructions given in the
letter of transmittal. If you are a beneficial shareholder of CRMnet.com
shares (i.e. you hold your CRMnet.com shares through a brokerage
account), your broker will be responsible for distributing to you the
appropriate number of Advanced Explorations Inc. shares.

As a result of the share consolidation, the Company's issued and
outstanding common shares decreased from 24,523,181 common shares
(pre-consolidation) to 8,174,394 common shares (post-consolidation).

Some of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that
the Company or management expects a stated condition or result to occur.
Since forward-looking statements address future events and conditions,
by their very nature, they involve inherent risks and uncertainties.
Actual results in each case could differ materially from those currently
anticipated in such statements.

Issued and Outstanding: 24,523,181

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CRMNet.com Inc.
    Gary Williams
    President
    (416) 570-0629
    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein and does not accept responsibility for the
    adequacy or accuracy of this release.