WorldTeq Acquires Majority Ownership of Billing Company

ROCKVILLE, Md.—(BUSINESS WIRE)—Sept. 22, 2004—WorldTeq Group International Inc. (OTCBB: WTEQ), a full-service solutions provider of Long Distance, Toll Free services, and Financial Services today announced that it has acquired a majority stake in a third-party billing services company.

“Currently, third-party billing is an industry that produces hundreds of millions of dollars of revenue annually for the few dozen or so companies that offer such service. With today’s budget-minded managers making decisions on where to cut costs, billing departments have increasingly been the target of such cuts. By outsourcing their actual bill production, along with stuffing, folding and mailing, company’s can reduce personnel. They can also reduce investment in costly hardware and software and the maintenance of those expenses. If they are using an Internet or Intranet based solution they will cut down on bandwidth costs as well. Outsourced billing offers some smaller companies the opportunity to succeed in businesses that otherwise would be too costly. Long distance is the best example of this. In order for a long distance reseller to do their own billing, they would either have to create, lease, or purchase such a system that could cost as much as $250,000. They would also have to hire at least 2 telecom technicians to run the billing. By outsourcing billing, even a single operator/owner of a home-based business could actually become a long distance reseller. We are very excited about this new business venture and have already made an agreement with our one of our current partners, VersaPlanet, to become a major reseller of our product. They currently have relationships with about 250 long distance resellers. We anticipate this product to have a significant level of success and are excited about the opportunity to become involved in this arena,” stated Jeff Lieberman, CEO WorldTeq Group.

The billing system will launch with the capability of billing for both traditional and VoIP (Voice Over Internet) long distance, prepaid calling cards, cell phones, and web hosting. During 4th quarter of 2004 the company will expand its service to include Internet access billing for both dialup and DSL. The target audience includes the tens of thousands of smaller companies that currently have a significant portion of their expenses dedicated to running their billing department.

About WorldTeq Group International
WorldTeq Group International offers a wide range of telecommunications, merchandising and financial services with related products via independent agents, associations, sales organizations and affiliate marketing. For more information visit the company’s Web Site at www.worldteqgroup.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by WorldTeq) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of WorldTeq Group International.