AnythingIT Inc ANYI

*******PRESS RELEASE********

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ANYTHING INTERNET CORPORATION ============================= 3020 North El Paso, Suite 103 Colorado Springs, Colorado 80907 [phone] [phone] Fax FOR IMMEDIATE RELEASE Please contact: Sitra Enterprises, Inc. Investor Relations [phone] Ext. 102 E-Mail: [e-mail] Internet: https://www.anythinginternet.com/ ANYTHING INTERNET ANNOUNCES NEW MEMORY AND COMPUTER CONFIGURATORS AT ANYTHINGPC.COM Colorado Springs, Colorado - July 16, 1999 -- Anything Internet Corporation (OTC Bulletin Board - ANYI) announces that its wholly- owned subsidiary, AnythingPC Internet Corporation, has integrated both a memory and a computer configurator into its AnythingPC.com Internet storefront. The memory configurator called memor-E(sm) by Peripheral Enhancements enables AnythingPC's customers to easily determine and purchase the proper memory upgrades for their particular system from more than 12,000 different computer make and model combinations. Robert C. Schick, AnythingPC's President and Chief Executive Officer, stated, "Purchasing computer memory is one of the most confusing and confounding processes for most computer owners. You often have to scroll through screens of difficult technical descriptions and hope that the memory you purchase is right for your machine. Now, through our storefronts our customers can find and purchase memory products that are guaranteed to work properly in their machines with just three simple clicks of their computer mouse." AnythingPC also introduced a computer configurator that gives customers the ability to build their own PC, notebook or server from the ground up - just like those offered by Dell (NASDAQ: DELL), Gateway (NYSE: GTW), Micron (NYSE: MU) and CompUSA (NYSE: CPU). Mr. Schick stated, "The addition of the computer configurator takes a lot of the guess work out of purchasing a computer on the Internet. You simply tell the configurator what you want and it will build the system for you. We want to make our customer's experience as simple and fun as possible and will continue developing and innovating new technologies such as these configurators to achieve this goal." Anything Internet reported record revenues for the third quarter of fiscal 1999 ending March 31, 1999 of $751,934, an increase of 707% from the same period a year ago. The loss per share for the quarter was $(0.04) compared to ($0.25) for the same period a year ago. Revenues for the nine-months were a record $2,403,629, an increase of 2,325% for the same period a year ago. The loss per share for the nine-months was ($0.12) compared to ($1.35) for the same period a year ago. Anything Internet Corporation, headquartered in Colorado Springs, Colorado with a business-to-business sales and support office in Tampa, Florida, is a publicly held Internet e-commerce holding company. Through its wholly-owned subsidiaries, Anything Internet operates Internet storefronts www.anythingpc.com, www.anythingmac.com and www.anythingunix.com, and sells over 201,000 different computer hardware, software and peripheral products. Anything Internet's e- commerce enabling technology provides its customers with exceptional product choices, superior pricing and delivery options, and easy-to-use search and purchase capabilities. Banyan Corporation (OTC Bulletin Board: BANY) owns 26 percent of Anything Internet's Common Stock. 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 Anything Internet Corporation) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planed capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Anything Internet Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors. * * *