Summus Works, Inc Announces Executed Letter of Intent to Acquire Salt Lake City-Based Telecommunications Company Matrix Management, Inc

Released on = December 1, 2006, 7:39 am

Press Release Author = Summus Works, Inc.

Industry = Media

Press Release Summary = mus Works, Inc. (PINKSHEETS: SMMW) announced it has executed
a Letter of Intent to acquire the Salt Lake City-based telecommunications company
Matrix Management, Inc., owner and operator of Network Management Incorporated (NMI)
and Matrix Telecom.

Press Release Body = The acquisition will expand and diversify Summus\' interests
into the $2.7 trillion global telecommunications industry. The acquisition is
expected to add more than $6 million in annual revenue.

NMI is a full-service telecommunications company that specializes in retail and
enterprise telecom products and services including domestic and international long
distance services, voice over internet protocol (VOIP), pre-paid phone cards,
pre-paid wireless, wholesale long distance, residential home services, point of sale
activation (POSA), prepaid Visa debit cards, toll free numbers and switch leasing.

Matrix corporate headquarters is a high-tech 60,000 sq. ft. facility located in Salt
Lake City, Utah with additional sales and network offices in Los Angeles, California
and Miami, Florida. Matrix also manages an OC-48 network employing NACT switching,
with a least cost routing (LCR) network and VOIP technology. It houses its switching
equipment in the Quinby Building in Los Angeles. For more information, visit or call 801-990-0327.

Dr. Alex Parsinia, Matrix co-founder, President & CEO, has an extensive background
in senior level management, mergers and acquisitions and more than fifteen years of
executive experience in the telecommunications industry.

Management stated that it expects to close the acquisition within the next
twenty-one days.

Summus Works, Inc. (PINKSHEETS: SMMW) is a multi-media holding company with
interests in outdoor sports, retail, e-tail, print, web, television and film. For
more information on the company or its outdoor sports and media subsidiaries, visit

This release includes forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 that involve
risks and uncertainties including, but not limited to, the impact of competitive
products, the ability to meet customer demand, the ability to manage growth,
acquisitions of technology, equipment, or human resources, the effect of economic
and business conditions, and the ability to attract and retain skilled personnel.
The Company is not obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the date of this

Web Site =

Contact Details = Company Contact:
Summus Works, Inc.
Dan Burgess

Investor Relations:
Stuart T. Smith