Safeguard, World Wide Eyes Merger Discussions Terminated

Positive Meeting held with Major Safeguard Shareholders in London


REDONDO BEACH, Calif., Feb. 15, 2005 (PRIMEZONE) -- CorpHQ Inc. (Pink Sheets:COHQ) today announced that after more than seventy-five days of postponed meetings and delays, Axium Technologies Inc., f/k/a World Wide Eyes, Inc. ("WWE") has terminated merger discussions with Safeguard Technology International, Inc. ("STI"), a CorpHQ portfolio company.

CorpHQ had previously announced, on October 21, 2004, the execution of a non-binding letter of intent for a three-way merger between STI, WWE and Digital Video Technologies Inc. ("DVT").

Robert Perea, President of Safeguard commented, "We were recently contacted by DVT stating that they had been unable to complete a due diligence examination of WWE, because of problems with its accounting and financial position. They further explained that WWE had been recapitalized, was now 90% owned by the former DVT management team, and had changed its name to Axium Technologies ("Axium"). As a result of these recent developments, WWE informed us they were now terminating merger discussions with Safeguard."

In a letter to CorpHQ, Mr. Ron White, COO of Axium stated, "While we are not in a position to continue with the merger or the equity financing as previously contemplated, we remain committed to building upon the relationship that we enjoy with each of your companies. We will redouble our efforts to remain your technology supplier of choice . . . "

Perea added, "Safeguard will continue on with its on-going plan of organic growth while it reviews other acquisition and merger activities."

In the wake of the termination of merger discussions, CorpHQ called a series of meetings that were recently held in London, UK between CorpHQ and the Minority Shareholders Committee ("MSC") of Safeguard. The meetings focused on strategies for achieving liquidity and return on investment for all Safeguard shareholders. In attendance were shareholders holding, in aggregate, over 77% of the voting stock of Safeguard. This collaborative effort raised a number of important issues for all Safeguard shareholders, which are now being addressed by the two parties.


 1. Safeguard Management is to formally seek proposals from financial
    intermediaries and investment banks for bringing Safeguard to the
    OTC market during 2005; and

 2. the Annual Meetings of Safeguard's shareholders, and its Board of
    Directors, are to be scheduled for the Spring of 2005.

As an incubator of promising emerging companies, CorpHQ will continue to seek to assist Safeguard and its management to create value for the corporation and its shareholders. Further information will be released as it becomes available over the course of the coming weeks.

About CorpHQ, Inc.

CorpHQ Inc. is a business incubator and holding company that enables startup and emerging companies throughout the world, realize and achieve their full potential by organizing, investing in, and providing comprehensive management support and business resources. CorpHQ acquires interests in, and provides consultation to, high-potential companies that are synergistic with its portfolio companies.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievement expressed or implied by such forward looking statements. In some cases, you can identify forward looking statements by terminology such as "may," "will," "should," "could," "intend," "expects," "plan," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other comparable terminology. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements.

This press release is available at http://www.corphq.com and http://www.pinksheets.com/quote/quote.jsp?symbol=COHQ



            

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