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Asconi Receives Apology And Correction From FindProfit.com

TUESDAY, FEBRUARY 10, 2004 4:15 PM

ORLANDO, Florida, February 10, 2004 - /PRNewswire-FirstCall via COMTEX/ -- Asconi Corporation (Amex: ACD), one of the largest Eastern European producers of wines and spirits, , today announced that it has received a formal apology and a published correction from FindProfit.com with respect to erroneous information published on December 2, 2003 and December 3, 2003 by FindProfit.com about Asconi Corporation's accounting and business practices, and investor relations activities.

The apology and correction was published on the PrimeZone Media Network at: http://www.primezone.com/pages/news_releases.mhtml?d=52187, as well as on the FindProfit.com website.

Asconi Corporation's Board of Directors will continue to protect and vigorously defend Asconi's good name and the interests of its shareholders against the publication of misinformation about the Company.

About Asconi Corporation

Asconi Corporation (AMEX: ACD) is one of the largest producers and distributors of wines and spirits in Eastern Europe. Asconi currently markets its products in seventeen countries worldwide and offers an extensive portfolio of over 350 items in fifty product lines. The Company is involved in every aspect of wine and spirits production and distribution, from grape processing to sales of alcoholic beverages.

For more information, please visit www.asconi.com.

Contact: Mr. Serguei Melnik, Asconi Corporation Chief Operations Officer
Phone: 407 679-9463
Email: info@asconi.com

Safe Harbor Statement

Under the Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's 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. The results anticipated by any or all of these forward-looking statements may not occur.

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