Exhibit 99.1


booktech.com,  inc.  (AMEX:BTC),  a Nevada corporation (the "Company") filed its
Forms 10-QSB (the "Form 10-QSB") for the periods ending March 31, 2000, June 30,
2000 and  September  30, 2000.  As of the date of this  filing,  the Company has
determined that stock based  compensation has been understated for each of these
quarters.

The Company  intends to file amended  Forms 10-QSB to  adequately  reflect stock
based  compensation  for each of the above stated  periods and any other matters
which may come to the Company's attention prior to the filing of the amendments.

About booktech.com

booktech.com  (www.booktech.com) is a digital and online publisher of customized
textbooks,  coursepacks,  and other educational  materials for higher education,
K-12,  distance  education,  non-profit  organizations,  and corporate training.
Since  its  inception  in 1995,  booktech.com  has  published  7,000  individual
customized  textbook titles for more than 3,000  professors on 500 campuses,  in
addition to a dozen K-12 titles such as Breaking  the Spanish  Barrier and Trade
Routes. Company shares have rtaded on the American Stock Exchange since April 5,
2000 (AMEX:BTC).

Certain of the statements in this news release are  forward-looking  statements.
While  these  statements  reflect  the  Company's  beliefs,  they are subject to
uncertainties and risks that could cause actual results to differ materially.

Contact:

booktech.com
Patrick McHugh, (781) 376-6364