Creditors File Involuntary Chapter 11 Petition Against ORBIT BRANDS CORPORATION

LOS ANGELES, Jun 30, 2004 (BUSINESS WIRE) -- ORBIT BRANDS CORPORATION f/k/a orbitTRAVEL.com Corporation (OBTV) (NASDAQ).
ORBIT BRANDS CORPORATION announced today that on Friday, June 25, 2004, several of its creditors filed an Involuntary Chapter 11 Petition against the Company with the objective of reorganizing the Company in the United States Bankruptcy Court for the Central District of California, in Los Angeles, California. The Company has issued notice of the involuntary bankruptcy filing to all of its shareholders and has filed an SEC Form 8-K regarding this event with the Securities and Exchange Commission.

The Petitioning Creditors expressed concern that ongoing litigation in Delaware, brought by a former employee of the Company and believed to be supported by the Company's former chief legal counsel, represents an unregistered hostile takeover attempt for control of a public company. These creditors have informed the Company that they believe such action places their interests in jeopardy. The Company has recently learned that the Delaware plaintiff has also threatened to file new litigation against the Company, its Chairman, its accountants and attorneys, in California, Florida, Michigan, Montana and New York.

The Company expressed concern about the role of its former chief legal counsel in the Delaware litigation, as described in its most recent Form 10-KSB, filed with the Securities and Exchange Commission on June 21, 2004, and referred all further inquiries to its June 21 filing.

The Petitioning Creditors and management of the Company believe the Delaware plaintiff and his supporters, including the Company's former chief legal counsel, are seeking unwarranted compensation and additional stock in the Company in order to further an unregistered hostile takeover of a public company.

The Company's management stated its belief that the independent audit performed in conjunction with the Form 10-KSB offers credible evidence that the allegations made in the Delaware litigation are frivolous and wholly without merit.

The Company's creditors expressed concern that management has had to devote considerable time and resources to the pending litigation and has not been able to concentrate all of its efforts on its other duties, as well as noting the financial burden of continuing to defend against nuisance claims by the same plaintiffs in several states where the Company has conducted business. The creditors also voiced their concern that the interests of both creditors and shareholders of the Company have been compromised as a result. The Petitioning Creditors believe that the filing of the involuntary proceeding will enable the Company to bring a halt to vexatious litigation and protect their interests as creditors and the interests of the shareholders of the Company, and provide the Company with the ability to advance its present business opportunities and eliminate further interference by the Delaware plaintiff and others acting in concert with him.

SMARTVoice Telecommunications reaches agreement with Customer 1st Communications, Inc. to provide IP Telephony services

Thursday , July 01, 2004 09:08 ET

ATLANTA, Jul 1, 2004 (BUSINESS WIRE) -- SMARTVoice(TM) new service reaches businesses throughout the Southeast United States and the United Arab Emirates

SMARTVoice(TM), a wholly owned subsidiary of ORBIT BRANDS CORPORATION a provider of Internet phone service, today announced a strategic partnership to deploy advanced IP Telephony service to the customers of Customer 1st Communications, Inc.

Customer 1st Communications has existing offices in Georgia, Florida, Texas, Louisiana, Tennessee and South Carolina, as well as in the United Arab Emirates. Customer 1st caters to medium-sized businesses, but it's client list also includes companies listed in the Fortune 1000. In the international market, Customers 1st has engineered telecommunications networks for numerous customers with the primary emphasis on oil companies which engage in extensive international communications.

Customer 1st specializes in voice and data services, making the SMARTVoice(TM) Internet phone service a perfect addition to the traditional phone systems currently installed.

"We believe that Internet phone services like SMARTVoice(TM) offer the best blend of functionality and cost savings. Small to medium sized businesses are continuously looking for ways to reduce their overall cost of operations while at the same time gaining functionality, which makes the SMARTVoice(TM) offering a perfect fit to add to our product lineup." - Terry Parsons, President, Customer 1st Communications, Inc.

The SMARTVoice(TM) Internet phone service saves money on domestic long distance billing, as well as bypassing international tolls. With Customer 1st expanding its business internationally, the partnership will allow SMARTVoice(TM) to reach a market segment that provides a compelling business case to switch to IP telephony

About Customer 1st Communications, Inc.

Customer 1st Communications is an Atlanta based provider of full service business infrastructure products and solutions. It's solutions are structured to provide measurable operational benefits. It partners with it's clients to address the sophisticated requirements need to excel in today's highly competitive business environment. From small businesses to Fortune 1000 company's, Customer 1st Communications provides and supports complete solutions for electronic business infrastructure that are specifically tailored to the unique business size, industry and culture of it's customers.

About SMARTVoice Telecommunications Inc.

SMARTVoice(TM) Telecommunications, Inc. a provider of telephony services to individual customers and small businesses as an affordable alternative to traditional telephone service and is a facilities based carrier headquartered in Atlanta, Georgia. SMARTVoice(TM) offers its customers reliable phone service that is full featured and designed to provide the right mix of business features that our customers want. The Company is SMARTVoice(TM) is a wholly owned subsidiary of ORBIT BRANDS CORPORATION ticker symbol OBTV a publicly listed NASDAQ company. For more information about our products and services, please visit us at www.smartvoice-ip.com. SMARTVoice(TM) and Your Internet Phone Company(TM) are trademarks of SMARTVoice(TM) Telecommunications Inc. www.smarvoice-ip.com

ORBIT BRANDS CORPORATION is a publicly traded Delaware Corporation listed on the NASDAQ. The primary focus of the Company is growth via the acquisition and development of early stage high growth companies in the technology, health and fitness, and consumer goods industries. ORBIT BRANDS CORPORATION is positioned to identify, acquire, fund and develop these companies for the purpose of creating business and shareholder value.

Forward Looking Statements

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward- looking statements, shall be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

SOURCE: ORBIT BRANDS CORPORATION

CONTACT: ORBIT BRANDS CORPORATION
Fred Alger, 718-966-5892
www.orbitbrandscorp.com