E-TREND NETWORKS, INC. RECEIVES $10 MILLION FIRM COMMITMENT
                 FUNDING AGREEMENT FROM INSTITUTIONAL INVESTOR



FORT LAUDERDALE--(PR  NEWSWIRE)--July 16, 2001--E-Trend  Networks,  Inc. (OTCBB:
ETDN)("E-Trend"),  announced  today the execution of a firm  commitment  funding
agreement with an  institutional  investor for the purchase of up to $10 million
of E-Trend common shares.

Caroline Armstrong, President and CEO of E-Trend, stated: "We are very pleased
to have a long-term partner in place for our financing needs. The funding
agreement will provide E-Trend with working capital to continue to grow both its
on-line and traditional distribution businesses as E-Trend works to become North
America's leading seller of entertainment software."

The three-year  funding agreement  provides for the purchase of common shares in
an aggregate amount up to $10 million. Funding under the agreement will occur in
periodic  draws,  as  determined  by  E-Trend.  Funding is  conditioned  upon an
effective   registration  statement  and  will  be  subject  to  certain  volume
limitations of E-Trend's common stock.

E-Trend owns and operates  EntertainMe.com,  America's Entertainment  eStore(TM)
(WWW.ENTERTAINME.COM), an online  destination  for  'everything  entertainment':
movies  (theatrical  and  home  video),  music,  games  and  more,  and  Langara
Distribution  Inc.,  a  worldwide  distributor  of  movies  and  music  to  both
traditional retail and on-line merchants.


STATEMENTS IN THIS RELEASE ARE MADE PURSUANT TO THE "SAFE HARBOR"  PROVISIONS OF
THE PRIVATE  SECURITIES  LITIGATION REFORM ACT OF 1995.  INVESTORS ARE CAUTIONED
THAT THE FOREGOING NEWS RELEASE CONTAINS  FORWARD-LOOKING  STATEMENTS.  FOR THIS
PURPOSE,  ANY STATEMENTS  CONTAINED IN THIS NEWS RELEASE THAT ARE NOT STATEMENTS
OF  HISTORICAL  FACT MAY BE DEEMED  TO BE  FORWARD-LOOKING  STATEMENTS.  WITHOUT
LIMITING  THE  FOREGOING,  WORDS  SUCH AS "MAY,"  "WILL,"  "EXPECT,"  "BELIEVE,"
"ANTICIPATE,"  "ESTIMATE," "CONTINUE," OR COMPARABLE TERMINOLOGY ARE INTENDED TO
IDENTIFY FORWARD-LOOKING STATEMENTS.  FORWARD-LOOKING STATEMENTS BY THEIR NATURE
INVOLVE  SUBSTANTIAL  RISKS AND  UNCERTAINTIES  AND  ACTUAL  RESULTS  MAY DIFFER
MATERIALLY  DEPENDING ON A VARIETY OF FACTORS,  INCLUDING,  WITHOUT  LIMITATION,
CONTINUED  ACCEPTANCE OF E-TREND'S  PRODUCTS AND SERVICES,  INCREASED  LEVELS OF
COMPETITION,   SERVICE  INTERRUPTIONS  AND  DEPENDENCE  ON  THE  PERFORMANCE  OF
E-TREND'S MANAGEMENT.

For further information contact:

Caroline Armstrong, President & C.E.O.,
Telephone: 1.877.90.MOVIE
eMail: carolinea@etrendnetworks.com