Jetcom Inc. (TSX VENTURE:JTM), is pleased to announce that it has closed a
private placement of 3,000,000 units for gross proceeds of $150,000 to an arm's
length placee. Each unit is comprised of one common share at $0.05 and one
common share purchase warrant exercisable at $0.15 for 3 years from the date of
closing. The common shares and warrants and common shares underlying the
warrants are subject to a four month hold period. The proceeds will be used for
working capital purposes at the discretion of the board of Jetcom.


Jetcom Inc. has 45,337,400 outstanding common shares.

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