SOURCE: Summus Works, Inc.

July 20, 2006 08:30 ET

Summus Works, Inc. Announces Special Meeting of Board, Commitment to Shareholder Value

DENVER, CO -- (MARKET WIRE) -- July 20, 2006 -- Summus Works, Inc. (PINKSHEETS: SMMW) announced the Board of Directors will convene a special meeting to discuss the proposed increase of the Company's VVV buy-back program beyond the previously announced amount of up to $748,000.00 of the Company's outstanding common stock at a price per share relative to Buyins.net's calculated "SqueezeTrigger" price.

Management emphasized that the Board's initial decision to secure financing for the VVV buy-back, secured personally by Company officers and members of the Board, exhibits irrefutably its commitment to increasing shareholder value and the elimination, "Once and for all, [of] the one sided quote and sideways movement of the Company's stock."

Management cited its unwavering commitment to the VVV initiative to enhance shareholder value and affect the increase in the price per share necessary to facilitate pending and future mergers and acquisition.

"We will not rest until this challenge of sideways motion is met with force significant enough to eradicate this opposition and deliver greatly enhanced shareholder value for all to see," pledged Summus Works President Dan Burgess.

Summus Works, Inc. (PINKSHEETS: SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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