Business Editors/High-Tech Writers

ROANOKE RAPIDS, N.C.--(BUSINESS WIRE)--Dec. 17, 2003--Roanoke
Technology Corp. (OTCBB:RNKE) has announced that the stock buy back is
right on schedule and should be completed once the $10 million Bond is
in place. "The $10 million Bond offering is moving faster than
expected and we should be able to have everything complete by mid
January," said Bobby Lee. (http://www.graceleynefinancial.com).
"We are happy with the progress we are making on having the $10
million in place and on being able to go into the market and buy back
some of our shares. We feel this shall show we are serious in our
company and our shareholders best interest," said David Smith, CEO.

Note: "Safe Harbor" Statement Under The Private Securities
Litigation Reform Act of 1995: The statements in the press release
that relate to the company' expectations with regard to the future
impact on the company's results from new products in development are
forward looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. Since this information may
contain statements that involve risk and uncertainties and are subject
to change at any time, the company's actual results may differ
materially from expected results.

--30--CP/mi*

CONTACT: Roanoke Technology Corp., Roanoke Rapids
David L. Smith, 253/537-9222

KEYWORD: NORTH CAROLINA
INDUSTRY KEYWORD: SOFTWARE HARDWARE COMPUTERS/ELECTRONICS
SOURCE: Roanoke Technology Corp.

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Originally posted by 56Ford:
Does any one know how long it takes to get FDA aproval on something already used on animals? My guess is that the buy back of shares will be just before they hear from the FDA. This is going to be in the gutter till then. I'm sitting on my 100,000 free shares for a while. I would not buy this till after the 1st of the year.

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Originally posted by zo:
Haha...I did get hurt with the drop...But what can i say...Hoping for a gap up and and a run for tomorrow...:-(...zo...

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Thanks- coumars

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Originally posted by glassman:
I'm looking for the 10 million finance deal--this will help alot for the shareholders value if they use it to buyback--this should come out in two weeks-- holding my breath

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Originally posted by coumars:
I guys , is it good entery now.
Someone mention about FDA val , ?? can u please expalin me.

Thanks- coumars

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Originally posted by 56Ford:
Coumars
You have to do your own DD. If you see a stock talked about here that interest you do research on it. Go to pinksheets.com look at every news release for as far back as you can. Then check the SEC filings. Then if you still like what you found, look at the charts. From your reading you will get an idea how high a stock might go. Then it is your decition at what price you are willing to buy at. Remember if it has already gone up and is close to what you think might be a high wait for the next one. There a lot of stocks out there. Buying is the ease part when to sell is even harder.
I sold this @ .01 for a big profit But I will Want to get back in it at some time, I hope for less then .01. But I don't have a cristal ball or I would be rich.

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In the first two week the company is suppose to have achieved their 10 million financing .

In theory after this they should be buying back shares for 2 million. This will asure no R/S.

If these guy are not lying & this is not a scam, this should be north from here onward.

It should pullback a little but not much.

Where did you get this information ? Can you shart it with us.

S8 registred 31 December, 400 000 000 shares

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5. COMPENSATION AND EXPENSE REIMBURSEMENT

Concurrently with the execution hereof, the Company shall grant and issue to
Consultant the 400,000,000 free trading shares of RNKE par value common stock of
the Company (the "Shares") which shall be registered with the United States
Securities and Exchange Commission and applicable state securities agencies so
as to enable the Shares to be freely saleable and tradable in the public
securities markets. The Company shall use its best and diligent efforts to
maintain all SEC and other registrations so as to enable said Shares to be fully
saleable and tradable for a period of five (5) years from the date hereof.
Consultant in providing the foregoing services shall be reimbursed for any
pre-approved out-of-pocket costs, including, without limitation, travel,
lodging, telephone, postage and over night shipping charges.

-----------------------------------------

Does it mean 400M have already been sold out or will sell since registering to SEC ? Who knows the regulation ? Thanks.

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Originally posted by tacamo:
.0110 x .0120 up 17% as of 11:18....................not bad, wish all my stocks were doing this

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0.0149 x 0.015

Very nice move today, there should be good PR coming with respect to the buyback & revenues. Eventhough, I did not like the fact that the day they reduced 50 million float, they added 400 million S-8 shares. But lets see. Hope this company is not a fluke (lately nice PRs hopefully facts & not lies)

Chart looks with upward trend
http://stockcharts.com/def/servlet/SC.web?c=RNKE,uu[m,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

0.0143 Up 19% from previous close

THE COMPANY IS WITHHOLDING (KEYWORD WITHHOLDING) 50 MILLION SHARES.

THEY COULD HAVE ISSUED 100 ZILLION SHARES AND WITHHELD 50 MILLION. WITH A SMALL STOCK PRICE, DON'T JUMP THE GUN. THIS IS STILL A LOW CALIBUR STOCK (OTCBB)

110 MILLION SHARES WITH A FRIDAY JUMP OF 20% SAYS ALOT ALL BY ITSELF.