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                                                                    EXHIBIT 99.1


eVENTURES GROUP COMPLETES ACQUISITION OF MINORITY INTEREST IN e.VOLVE TECHNOLOGY
GROUP, INC

DALLAS, Texas--(BUSINESS WIRE)--Oct. 20, 1999--eVentures Group (OTC BB:EVNT), an
Internet venture holding company, today announced the completion of its
corporate reorganization through the acquisition of the remaining one third of
e.Volve Technology Group, Inc.

The acquisition was accomplished through the issuance of eVentures stock on
terms substantially similar to those used in the September 22 reorganization.

Stuart Chasanoff, Vice President-Business Development of eVentures, stated,
"This acquisition completes our initial series of transactions designed to
position eVentures' communications business as a leading provider of
next-generation networked communications services. We are now free to focus on
acquiring and investing in companies that fit our strategy of becoming the
leader in exploiting so-called `convergence' technologies."

eVentures Group is an Internet venture holding company focused on
next-generation Internet communications and business-to-business communications
enterprises. The Company invests in all aspects of Internet communications
including telephony, Internet protocol networks, communications portals,
internet data storage, hosting and ASP companies.

e.Volve is an emerging facilities-based communications company building an
international IP and ATM network capable of compressing

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voice, video and data transmissions at rates up to eight times greater than more
conventional methods.

eVolve's technology focuses on the convergence of the transmission of voice,
video and data over the public Internet and private Intranets. eVolve's
customers include Qwest Communications International Inc. (Nasdaq: QWST), RSL
Communications, Ltd. (Nasdaq: RSLC) and STAR Telecommunications, Inc. (Nasdaq:
STRX).

This press release includes statements regarding eVentures' business strategy,
plans and objectives which are "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended.

Although eVentures believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to be. Numerous factors, including those set forth in
our Form 8-K filed with the Securities and Exchange Commission on October 7,
1999, could cause actual results to differ materially from eVentures'
expectations.


     CONTACT:  eVentures Group, Inc.
               Barrett Wissman, CEO, 214/720-1653
                or
               Carl Thompson Associates
               Sheila Whitman, Account Supervisor
                or
               Kevin Campbell, Account Executive
               800/959-9677