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                                                                    EXHIBIT 99.1


September 05, 2000 20:33

VISUAL EDGE SYSTEMS INC. COMPLETES REORGANIZATION AND CAPITAL
RAISE AND CHANGES NAME TO EDGE TECHNOLOGY GROUP, INC.


BOCA RATON, Fla., Sept. 5/PRNewswire/ -- Edge Technology Group, Inc., formerly
known as Visual Edge Systems Inc., (OTC Bulletin Board: EDGE) announced today
that it has completed its reorganization previously announced in the company's
press release on July 13, 2000 and Form 8-K filed on July 17,2000. The
reorganization includes the issuance of common stock of the company in a capital
raise of approximately $6.29 million, including $1.92 million in cash and $4.37
million in securities representing approximately 19.8% ownership of
PurchasePooling.com, Inc., a web-based demand aggregator. Effective with the
reorganization, Visual Edge Systems Inc. changed its name to Edge Technology
Group, Inc. to reflect the new business strategy. With the completion of the
reorganization, Edge is executing its new business strategy of operating,
financing and developing technology-oriented companies.

The reorganization includes a four for one reverse stock split that was approved
by the shareholders of Edge and which will be effective at the beginning of
trading on Wednesday, September 6, 2000. In order to signify the significant
corporate changes to Visual Edge, the Company's common stock will trade under
the ticker symbol "EDGE.D" for twenty trading days starting on September 6,
2000. After that time, the additional letter "D" will be removed and the
Company's ticker symbol will return to "EDGE".

The Board of Directors of the Edge has been expanded to five members with the
addition of Messrs. Johan Schotte and Pierre Koshakji. Mr. Schotte was elected
Chairman of the Board of Edge. Mr. Koshakji was elected President and Chief
Executive Officer of Edge.

As part of the reorganization, the holders of Edge's convertible notes and
Series A-2 Convertible Preferred Stock converted all their convertible
securities into 6,869,854 shares of common stock of Edge on a post-reverse split
basis. This conversion and the repayment of certain working capital loans will
eliminate Edge's long term debt and enhance future opportunities to raise new
capital.

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The capital raise of $6.29 million consists of cash and securities as proceeds
to Edge. After giving effect to the four for one reverse stock split, Edge
issued 1,276,668 shares of common stock at $1.50 per share and issued warrants
to purchase 596,667 shares of common stock at $3.00 per share for proceeds of
$1.92 million to Edge. Edge issued 2,913,630 shares of common stock as
consideration for the contribution of 10,568,824 shares of Series A Convertible
Preferred Stock representing approximately 19.8% ownership of
PurchasePooling.com, Inc.

Based in Dallas, PurchasePooling (www.purchasepooling.com) is the first
web-based demand aggregator enabling governmental and educational entities as
well as businesses to save significantly on large-ticket capital items by
combining their purchasing power nationwide and globally. PurchasePooling,
formed in 1999, focuses primarily on state and local government purchases of
goods and services, an estimated $1.6 trillion market segment. Governmental
entities can use PurchasePooling to achieve volume discounts on capital
equipment including administrative and police vehicles; special service vehicles
such as fire trucks, rail cars, transit buses, school buses, aerial lift trucks,
traffic equipment, ambulances and construction equipment; and elevators and
escalators, HVAC, boilers, valves, controls and concrete conduit. In addition to
anonymous, secure and confidential buying collaboration, PurchasePooling offers
buyers financing and leasing options, after-market parts and service options and
online auctions to dispose of surplus equipment.

A condition to the closing of the reorganization was the closing of an
investment in Hencie, Inc. Edge remains in negotiations with Hencie, Inc. to
close the proposed investment in Hencie, Inc.

This statement contains references to future events and results, including
anticipated transactions involving Edge Technology Group, Inc. These statements
are forward-looking statements regarding future events and the future financial
performance of Edge, and no assurances can be made regarding their eventual
occurrence. Actual occurrences and results may differ substantially and
materially from those projected as a result of risks and uncertainties detailed
in Edge's periodic reports and registration statements filed with the Securities
and Exchange Commission (viewable at www.sec.gov <http://www.sec.gov>;),
including its Form 10-K for the year ended December 31,1999, and the Form 8-K
filed in connection with the transactions described or contemplated in this
statement.

SOURCE: Visual Edge Systems Inc.

/CONTACT: Corporate Image Bureau, 407-774-8937, for Visual Edge/

/Web site: http://www.purchasepooling.com/

(EDGE)