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Organizes for Growth Convertible Noteholders Agree to Defer Cash Interest Payment Investment Bankers Engaged to Provide Strategic Advisory Services Jacksonville, FL—February 15, 2008—a21, Inc. ("a21") (OTCBB: ATWO), a leading online digital content marketplace for the photography and art world, today announced key initiatives designed to position the Company for future success. The Company recently entered into a waiver agreement with its $15.5 million Secured Convertible Term Noteholders, to waive cash quarterly interest payments through March 31, 2008. Instead of paying in cash, the agreement provides that the Company will settle quarterly interest payments due in January and April 2008 with new notes in the aggregate principal amount equal to the interest due, having substantially the same terms as the original notes. "This deferral of cash interest payments will allow the Company to direct its near-term resources toward operational enhancements and strategic initiatives," said John Ferguson, the Chief Executive Officer of the Company. The Company would, in accordance with this agreement, resume paying quarterly interest in cash beginning with the quarterly interest due in July 2008. The Company has engaged Regency Strategic Advisors, Inc., a Florida based investment bank, to provide advisory services as the Company evaluates financial and strategic alternatives. About a21 a21 (www.a21group.com) is a leading online digital content company. Through SuperStock (www.superstock.com; www.superstock.co.uk; and www.purestockx.com), and ArtSelect (www.artselect.com), a21 delivers high quality images, art framing, and exceptional customer service. a21 and its companies, with offices in Florida, Iowa, New York City, and London, provides valuable and viable choices to key business partners and customers in the stock image, art and wall decor industries. Contact: Gregory FCA Communications Joseph Hassett 610-642-8253 JoeH@gregoryfca.com The statements contained in this press release contain certain forward-looking statements, including statements regarding a21, Inc.'s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to a21, Inc.'s management as of the date hereof and actual results may vary based upon future events, both within and without the control of a21, Inc.'s management. |