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TELnet Announces Registration of Private Placement Offering

TELnet plans to launch The First Innovative Patented charity-driven Internet Lotto Sweepstakes that could progressively build to a $100 million jackpot, played and instantly won on home computers globally 24 hours a day, 365 days a year. What attracted us to NVST.com and Premiere Equities Inc. was the fact that:

NVST investor matching service offers entrepreneurs ``hands on'' coaching and mentoring by experts in the venture capital industry.

Entrepreneurs may have their company's profile included in The Private Equity Review, an NVST.com publication. This publication covers the private equity market for angle investors and entrepreneurs and is sent to the NVST.com Angle Investor database.

The largest single angle investor database in the world, this contains over 9,000 accredited investors. Their website is located www.nvst.com -- NVST entrepreneurs may also access other unique services used by our nationwide affiliate network, including Direct Referral and Custom Search services.

The Direct Referral Program is a telephone-based service whereby the affiliate devotes an entire month to calling potential investors on behalf of the entrepreneur/company. The Custom Service involves a targeted mailing to a subset of the angle investor database.

NVST working closely with entrepreneurs and investors, services have achieved an impressive $220 million in financing for start-up companies, said Mullins.

-- PEI specializes in opportunities for Accredited Investors as well as Smaller Accredited Investors giving them a chance To Get A First Look at IPO's and Private Placement Offerings before Wallstreet swallows it all never giving the general Investing public a chance to get in on the ground floor opportunities.

-- PEI provides it members with up to date information on opportunities through their Internet portal located at www.premiere-equities.com PEI has an extremely aggressive marketing program on the Internet that has built them a ``Public Capitalist Group`` of Accredited investors large and small.

In determining early stage funding, we took a look at conventional and new methods of fundraising, and concluded that, private ``Venture Capital Firms'' usually consist of a group of accredited investors, each contributing a substantial amount of money to capitalize the Venture Capital Firm from which, early-stage funds are provided to a business in exchange for up to 50 percent or more of the company.

This is a hefty price to pay for operating capital and is not in the best interest of TELnet or TELnet shareholders.

The overwhelming growth of the Internet will allow TELnet to reach thousands of smaller qualified accredited investors, the Company plans to raise the capital it desires from a limited number of ``Public Venture Capitalists'' for a smaller percentage of the Company.

At the same time, Public Venture Capitalist participation, allows the smaller qualified accredited investor to get in on the ground floor of a company which is normally reserved for private ``Venture Capital'' firms, said Mullins.

Units of the offering may be purchased by Accredited Investors only, Mullins said, and the offering is a tremendous oppurtunity unique because of the way the offering is structured. Each Unit is for, one Series A Preferred share with Revenue Sharing Rights and Convertible Rights.

The marketing strategy and unit exit strategy of the offering: Preferred shares converted for common shares participate in the earning and growth of the Company.

After successful completion of the private offering, the Company plans a public offering, in which, the Company will register all preferred and common shares of the company, which would make the 1,000 Unit preferred/common shares that were restricted by the private placement, free trading shares by securities registration.

The Company's growth and revenue projections are speculative and are based on adequate operating capital and our World Lotto Sweepstakes game being successfully accepted and played over the Internet. Of course the offering is high risk and should only by purchased by accredited investors who can afford the investment loss, should the expectations of the company not materialize, said Mullins.

Come to www.telnetgo2000.com and experience the future of Internet gaming.

The company's $5 million private placement ``Accredited Investor Qualification Form'' and Private Placement Summary and Subscription agreement can be obtained from Premiere Equities Inc.'s website located at www.premiere-equities.com. Detailed information about the Company can be found on TELnet's Corporate Website at www.telnetgo2000.com

Company Profile

TELnet GO 2000 Inc. is a fully reporting operating company formed in 1972. The Company will provide its sweepstakes games mainly focused on non-profit charities. TELnet is headquartered in Phoenix. The Company's home page is found at www.telnetgo2000.com.

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