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> PORTLAND, Ore., Nov. 1, 2004 (PRIMEZONE) -- Ontus Telecommunications Corp. (Pink Sheets:ONTT), an FCC licensed international and long distance communications carrier, today announced that the Company has declared a forward split of three shares for every one share owned by the shareholders of record,. As a result, shareholders of record will receive two additional shares for each share held as of the close of business on November 8, 2004, the Record Date for the forward split. In addition, the majority shareholders of the Company have exchanged 55,213,900 ONTT common shares for 5,000,000 Series A Preferred shares of the Company. The Preferred Series A carry super voting rights of 10:1 and 10:1 conversion rights. Paul R. Peterson commented "We are pleased to award our shareholders with this stock dividend. The decision was made based on management's confidence in the Company's improving fundamentals, and our prospects for future success. This split signals both our shareholders and interested investors that market opportunities for the Company are very good. It should improve trading liquidity, in addition to helping broaden ownership, and enhancing shareholder value." The proposed stock split is subject to regulatory approval, and will affect Ontus shares issued under CUSIP number 68339C-10-2. About Ontus Telecommunications Corporation Ontus Telecom is an FCC licensed international and long distance communications provider headquartered in Portland, Oregon. Ontus Telecom is in the business of building international telecommunications routes and selling telecom capacity through wholesalers and retail distributors. With sales and service facilities located in the US, Western Europe, India, Asia and the Middle East, Ontus Telecom is uniquely positioned to provide telecommunications capacity at greatly reduced prices and with unparalleled service to distributors and retail customers. www.Ontus.com Forward-Looking Statement This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of Ontus Telecommunications Corporation ("Ontus") that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the networking industry and in various geographic regions; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; the growth of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services, including sales to the service provider market; the timing of orders and manufacturing lead times; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; variability of component costs; variations in sales channels, product costs or mix of products sold; the ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies; increased competition in the networking industry; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks; product defects and returns; litigation involving patents, intellectual property, antitrust, shareholder and other matters; the ability to recruit and retain key personnel; our ability to manage financial risk; currency fluctuations and other international factors; potential volatility in operating results and other factors listed in Ontus' most recent reports. Ontus' results of operations are not necessarily indicative of Ontus' operating results for any future periods. Any projections in this release are based on limited information currently available to Ontus, which is subject to change. Although any such projections and the factors influencing them will likely change, Ontus will not necessarily update the information, since Ontus will only provide guidance at certain points during the year. Such information speaks only as of the date of this release. CONTACT: Public and Investor Relations Public and Investor Relations Thomas Speciale Harvey Goralnick MacReport.Net Focus Partners LLC (631) 393-5136 (212) 752-9445 MacReport.Net ontt@focuspartners.com

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