SALT LAKE CITY, UT -- (MARKET WIRE) -- 02/24/2005 -- CoConnect, Inc. (OTC: CNTI), an marketer of ultra high-speed wireless Internet access, VOIP and IPTV/VoD products, is pleased to announce today that all contingencies of the share exchange agreement ("Agreement") of January 25, 2005 with Heritage Communications, Inc. ("Heritage"'), a Utah corporation, based in Salt Lake City, Utah, have been met or waived, and the transaction is now closed. One of the most significant terms of the Agreement called for the acquisition of 100% of the issued and outstanding shares of Heritage by CoConnect.

    Tim Thayne, CEO of CoConnect stated: "The completion of this agreement finalizes our original intent to combine these two companies. Further, the combining of these two companies allows for a clear execution of our business strategies. We will now be able to deploy products and services on our state of the art facility based wireless network. We have now taken a major step forward in becoming a national provider of video, voice and data services."

    David Thayne CEO of Heritage Stated: "I have been looking forward to the completion and closure of the share exchange agreement for some time. We can now move forward, unified in the roll out of our wireless network and the deployment of our products and services over the network. These are exciting times for our all of us. The completion of the acquisition of Heritage by CoConnect brings a new level of solidity to our company."

About CoConnect: CoConnect owns and markets Ultra High-Speed Wireless Internet technology with bandwidth of 45Mbps, Voice Over Internet Protocol (VOIP), and IPTV/VoD products and services.

    Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

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