LETTER OF INTENT (LOI)

[SPARK]

BNTT shell 4.1 mil shares outstanding

DALLAS, Jan. 24 /PRNewswire-FirstCall/ -- The Board of Directors of Barnett Energy Corporation (OTC Pink Sheets: BNTT) is pleased with the continuing progress of its restructuring business developments. "We were very pleased after our initial LETTER of INTENT with the numerous companies wishing to be reviewed as potential business partners. These companies consist of energy related and others in the high-tech and entertainment industries. Our pristine financials and corporate structure are a rare commodity in today's corporate environment. We will continue to update our shareholders with our progress," said the Board.