Exhibit 99.1

             IEXALT, INC. ANNOUNCES CORPORATE RESTRUCTURING PROGRAM
               THAT WILL RESULT IN ANNUAL SAVINGS OF $2.5 MILLION

             REDUCES CORPORATE OVERHEAD AND DIVESTS TWO SUBSIDIARIES

HOUSTON (October 3, 2000)--iExalt, Inc. (OTC BB: IXLT), a Christian product and
services company with significant Internet-related activities, announced today a
corporate restructuring that will result in annual savings of more than $2.5
million. The majority of the savings are from the termination of a management
agreement executed pursuant to an acquisition, corporate overhead reductions and
the divestiture of two operating subsidiaries.

"Since iExalt began operating as a public company in September 1999, our
annualized revenue run rate has almost doubled each quarter," said Donald W.
Sapaugh, iExalt's chairman and chief executive officer. "Now is the appropriate
time to implement our restructuring program in order to better manage the
business, focus on our core market and reduce costs. Importantly, the
implementation will not affect our annual revenue, but will reduce expenses by
more than $2.5 million annually."

The first part of the plan involved the termination of a management agreement
that was executed pursuant to an acquisition. The potential acquisition had
consumed more than $400,000 in investment without significant revenues.
Additional savings come from reductions in corporate overhead, such as research
and development for products unrelated to the core business of iExalt.

The plan also included the divestiture of two operating subsidiaries, nXp
Technologies and iExaltFamily.com. nXp Technologies develops filtering software,
firewall applications and business-to-business, server-based software that
allows organizations to manage employees' access to specific Internet sites. The
assets of this division have been sold, although iExalt retains the source code
and intellectual property that relates to the Christian community.
iExaltFamily.com is a service company that sells benefit plans and offers its
members quality products and services at discounted prices. These divestitures
will save in excess of $150,000 per month in net costs and will allow the
company to redirect its capital investments to business units that more directly
contribute to the mission of iExalt.

"In the two weeks since I assumed leadership of this company, we have
significantly reduced costs by implementing this restructuring program, and we
completed the first tranche of a capital formation program," Sapaugh added. "The
completion of these strategic initiatives will allow us to focus on the core
business of providing a range of product, services and Internet solutions to the
Christian community. However, this is just the beginning as we continue to
implement our plan of streamlining the organization and positioning the company
for new growth, both in revenues and earnings."

                                     (more)

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Headquartered in Houston, iExalt, Inc. was formed to provide products and
services for families, businesses and the Christian community. iExalt's family
of companies includes ISP filtering and monitoring software at WWW.IEXALT.NET;
CHRISTIAN HAPPENINGS, a Christian events magazine; CHRISTIAN TIMES newspapers;
ChristianSpeakers.com, the nation's leading Christian speakers bureau; iExalt
Electronic Publishing, a digital content library; LIFE PERSPECTIVES, a
nationally recognized daily radio program; and PremierCare, healthcare
management services for senior adults. For more information about the company,
visit WWW.IEXALT.COM.

THE STATEMENTS CONTAINED IN THIS NEWS RELEASE THAT ARE NOT HISTORICAL FACT ARE
"FORWARD-LOOKING STATEMENTS" WHICH CAN BE IDENTIFIED BY THE USE OF
FORWARD-LOOKING TERMINOLOGY SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL,"
"SHOULD," OR "ANTICIPATES," OR BY DISCUSSIONS OF STRATEGY THAT INVOLVES RISK AND
UNCERTAINTY. MANAGEMENT CAUTIONS THE READER THAT THESE FORWARD-LOOKING
STATEMENTS, INCLUDING THE DISCUSSIONS OF THE COMPANY'S GROWTH, OPERATING
STRATEGIES AND EXPECTATIONS CONCERNING MARKET POSITION, FUTURE OPERATIONS,
MARGINS, REVENUE, PROFITABILITY, HISTORICAL FACTS, ARE ONLY PREDICTIONS. THERE
CAN BE NO ASSURANCE THAT ANY OF THESE EXPECTATIONS WILL BE REALIZED OR THAT ANY
OF THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN WILL PROVE TO BE ACCURATE.

INVESTOR CONTACT:                  MEDIA CONTACT:
      SHARON KIMMEL                    DON KING
      IEXALT, INC.                     BATES CHURCHILL INVESTOR RELATIONS
      281-600-4000                     713-267-7280
      SKIMMEL@IEXALT.NET

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