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Wednesday, 04/06/2005 9:30:52 AM

Wednesday, April 06, 2005 9:30:52 AM

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CNTI..second LOI..CoConnect, Inc. Signs Letter Of Intent to Acquire Sandstone Publishing Group LLC

- To Add $500,000 to Annual Revenues Beginning in 2005 -
SALT LAKE CITY, April 6 /PRNewswire-FirstCall/ CoConnect, Inc.
(OTC: CNTI), the developer of ultra high-speed wireless Internet access, VOIP
and IPTV/VoD products, is pleased to announce today that it has signed a
letter of intent to acquire 100% of the issued and outstanding shares of
Sandstone Publishing Group LLC, publisher of Action Zone Magazine and Action
Zone Home Buyers Guide. Sandstone Publishing's magazine is a first class
monthly travel, leisure and home publication targeted to residents and
visitors in the tri-state area of Utah, Nevada and Arizona. As a result of
this acquisition, CoConnect expects to add $500,000 to its annual revenues
beginning in 2005. Upon the close of the acquisition, Sandstone Publishing
will operate as a wholly owned subsidiary of CoConnect.
Tim Thayne, CEO of CoConnect stated, "The proposed acquisition of
Sandstone Publishing will allow CoConnect to immediately grow our annual
revenue base. Sandstone brings to CoConnect advertising and publishing
expertise as well as an existing subscriber base to expand the target market
for our services. We plan on working closely with Sandstone to launch a
comprehensive marketing and promotional campaign in order to drive future
sales of our ultra high-speed Internet products and services."
Karin Rosquist, Co-Founder and Manager of Sandstone Publishing LLC,
stated, "We are excited, every single product complements each other. And what
does this mean to everyone: The sky is the limit!"
Under the terms of the agreement, CoConnect plans to acquire 100% of
Sandstone Publishing in exchange for $50,000 in cash and 250,000 shares of
restricted common stock. CoConnect anticipates to close on the acquisition
next month.
About CoConnect: CoConnect has developed and is deploying a 45Mbps
broadband wireless Internet delivery system to deliver Ultra High-Speed
Wireless Internet, Voice Over Internet Protocol (VOIP), and IPTV/VoD products
and services. CoConnect's bandwidth is up to 30 times faster than today's
current T-1 standards of 1.5Mbps.
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.
SOURCE CoConnect, Inc.


Contact Information:
Tim Thayne of CoConnect, +1-801-266-9393 or tim@coconnect.com; or Geoffrey Eiten, Investor Relations for CoConnect, +1-781-444-6100 ext. 613, geiten@otcfn.com

WebSite:
http://www.otcfn.com/cnti/



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