California News Tech Announces Debut as Public Company With Listing on the OTC BB Under the Ticker Symbol CNTE

California News Tech Information to Be Available Through Standard & Poor's Market Access Program

SAN FRANCISCO, CA -- (MARKET WIRE) -- 05/03/2005 -- California News Tech (OTC BB: CNTE), the creator of the Media Sentiment™, Media Sentiment Index™ and aHeadsUp™ (www.aHeadsUp.com), decision tools for active investors, announced today its debut as a public company with its listing on the OTC BB. California News Tech will trade under the ticker symbol CNTE.

The transfer agent is Pacific Stock Transfer.

California News Tech Information to Be Available Through S&P Market Access Program

California News Tech (OTC BB: CNTE) announced today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at http://www.advisorinsight.com/pub/maccess/c/cnte_424261_one.htm

In addition, information about companies in Standard & Poor's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of California News Tech will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 37 states under the Blue Sky Laws.

Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

Contacts:

For Investor Relations information, please contact:
Ilja Perschbacher
(415) 861-3421
e-mail: IR@CaliforniaNewsTech.com

Standard & Poor's Market Access Program
Media Relations contact:
Michael Privitera
212 438-6679