YP.Net Inc. is Accepted and Trading on the NASD Bulletin Board.

Business Editors

MESA, Ariz.--(BUSINESS WIRE)--Jan. 28, 2002

YP.Net Inc. (OTC BB: YPNT), a leading provider of Internet-based yellow page services, Monday announced that as of opening of the stock market today, Jan. 28, 2002, YP.Net Inc. has been accepted and is trading on the NASD Over-The-Counter Electronic Bulletin Board.

Pamela J. Thompson, chief financial officer, and S.G. Martin Securities LLC of New York, YP.Net Inc.'s market maker, are pleased to announce the relisting on the OTC: Bulletin Board of the company's stock.

Thompson stated, "The NASD has stringent guidelines that must be adhered to before they will accept a company's stock for listing on the Electronic Bulletin Board. We are pleased that we have overcome all of the hurdles before us and are proud that we have qualified.

"With our relisting on the OTC: Bulletin Board our shareholders may once again enjoy the liquidity in our stock that they so richly deserve. Management is excited for our shareholders about the future of this company."

About YP.Net Inc.

YP.Net Inc., a leading provider of Internet-based yellow page services, offers listing services through its yellow page Web sites at www.Yellow-Page.Net and www.YP.Net. The company's Web site contains listings for approximately 18 million businesses and individuals in the United States and Canada.

YP.Net also provides an array of other Internet services that complement its yellow page sites (www.Yellow-Page.Net & www.YP.Net).

YP.Net is a longstanding member, exhibitor and sponsor of two yellow page trade associations -- Yellow Page Publishers Association "YPPA," the major trade association of yellow page publishers throughout the world, and the Association of Directory Publishers "ADP," which mostly represents independent yellow page publishers.

This press release contains statements that are forward-looking as that term is defined by the United States Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that are subject to risks and uncertainties.

Actual results may differ materially from such statements due to numerous factors including those described in YP.Net's registration statements and periodic reports filed with the Securities and Exchange Commission.