EXHIBIT 99.1

CeleXx Announces Settlement to Burke Estate Lawsuit and Changes to Board of
Directors

CORAL SPRINGS, Fla.-(Business Wire)- January 23, 2002: CeleXx Corporation (OTC
BB: CLXX) announced that on January 18, 2002, the Corporation stipulated in open
court to the settlement and dismissal of a litigation between the Estate of
David R. Burke, Sr. (the "Estate") and the Corporation that was pending in the
Federal District Court for the District of Massachusetts. The litigation related
to a Note due the Estate from the purchase of Computer Marketplace Inc. ("CMI")
by the Corporation in April 2000. The settlement is subject to formal
documentation, and the matter may be refiled at the end of thirty days if the
parties fail to execute a written settlement agreement.

On January 14, 2002, the Estate of David R. Burke, Sr., filed suit against the
Corporation, accelerating the payment of the Note for approximately $914,000,
plus interest, legal fees and associated costs, and sought foreclosure on all
CMI common stock, which was pledged as collateral for the Note, for sale by the
Estate for the purpose of satisfying the Corporation's obligations under the
Note. The Corporation did not have the ability to repay the Note without a
financing or a disposition of certain assets. Additionally, the Estate has
sought to enjoin the termination of Mr. Joseph Spampinato, whose services as
President of CMI were terminated by the Corporation effective on January 11,
2002.

The material terms of the settlement are that the Estate will receive the CMI
stock, which was pledged as collateral for the Note. The Corporation will
receive certain cash consideration, the return of approximately 16 million
shares of common stock of the Corporation (approximately 30% of the outstanding
shares) which was paid to David R. Burke, Sr. as partial consideration for the
purchase of CMI, and a full discharge of any previously existing obligations to
the Estate. There will also be an exchange of releases by and among the Estate,
the Corporation, CMI and the officers, directors and employees of the
Corporation and CMI, as to all matters concerning CMI.

The Corporation also announced changes to its Board of Directors. On January 5,
2001, the Company accepted the resignation of Vincent Caminiti from the Board of
Directors. Subsequently, the Company added Lawrence Sands to its Board of
Directors. Mr. Sands is a former practicing attorney and business owner/operator
with over 15 years of experience in law and business transactions and
operations.

The Private Securities Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this Press Release
(as well as information included in oral statements or other written statements
made or to be made) contains statements that are forward looking, such as those
relating to future satisfaction of obligations, sale of assets, the
Corporation's need for additional capital and negotiation of a settlement with
the Estate of David R. Burke, Sr. Such forward looking information involves
important risks and uncertainties that could significantly affect anticipated
results in the future and, accordingly, such results may differ materially from
those expressed in any forward looking statements.

For more information contact:

CeleXx Corporation, Coral Springs, Fla.
David C. Langle
954-796-7322