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                                                                    Exhibit 99.1

             BRAINWORKS VENTURES ACQUIRES EXECUTIVE VENTURE PARTNERS

Friday, May 11, 2001 05:15 PM ET

ATLANTA--(BUSINESS WIRE)--May 11, 2001--BrainWorks Ventures, Inc. (OTC BB: BRAV)
announced today that it has completed the acquisition of Executive Venture
Partners, Ltd. by means of a merger whereby Executive Venture Partners has
become a subsidiary of BrainWorks Ventures.

Pursuant to the terms of the Merger Agreement, BrainWorks Ventures will issue
500,000 shares of its common stock to the stockholders of Executive Venture
Partners. These shares will be issued in reliance upon certain exemptions from
the applicable registration requirements under the securities laws.

Founded by economist Dr. Donald Ratajczak, BrainWorks Ventures is a venture
development and asset management company focused on developing a portfolio of
early-stage technology businesses.

Executive Venture Partners is a boutique consulting group that specializes in
corporate venturing. Executive Venture Partners works with large corporations
and government research laboratories to identify undervalued assets that can be
commercialized. Executive Venture Partners then provides the resources and
management talent to build a business around those assets. Executive Venture
Partners also works with businesses to establish corporate venturing programs
that manage corporate venture capital funds designed to make strategic
investments.

"Executive Venture Partners gives BrainWorks Ventures a source of deal flow to
facilitate investment by BrainWorks Ventures in early-stage businesses," said
Dr. Ratajczak, chairman of the Board of Directors and CEO of BrainWorks
Ventures. "BrainWorks Ventures plans to balance its seed investments in early
stage technology companies with investments in technology ventures developed by
clients of Executive Venture Partners."

A former managing partner at Price Waterhouse and entrepreneur with Safeguard
Scientifics, Inc., Robert H. Cawly formed Executive Venture Partners to assist
companies leverage their business assets. Executive Venture Partners is
assisting a number of corporations with their venture functions.

"BrainWorks Ventures will provide the necessary resources to continue the
expansion of Executive Venture Partners," said Cawly, president of Executive
Venture Partners.

Three directors of BrainWorks Ventures, Dr. Ratajczak, John Cayce and Kirk
Reiss, and certain other stockholders of BrainWorks Ventures were stockholders
of Executive Venture Partners before the acquisition and pursuant to the merger
agreement became entitled to receive a portion of the 500,000 shares of
BrainWorks Ventures' common stock issuable in exchange for all the outstanding
stock of Executive Venture Partners. The Board of Directors of BrainWorks
Ventures created a special committee of independent directors to negotiate,
evaluate and approve the acquisition of Executive Venture Partners.
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About BrainWorks Ventures:

Dr. Donald Ratajczak founded BrainWorks Ventures, Inc. (OTC BB: BRAV) in 2000
after retiring as director of the Economic Forecasting Center at Georgia State
University, which he founded in 1973. BrainWorks Ventures is a new form of
venture capital firm that uses an extensive board of advisors and university
research to identify high-growth business opportunities. John Cayce, founder and
former director of the UPS Strategic Enterprise Fund, is president of BrainWorks
Ventures and leads the investment strategy.

BrainWorks Ventures has invested in several Atlanta-based companies, including
MostChoice.com Inc. and AgentWare Inc. MostChoice uses the Internet to provide
office management and sales tools to independent insurance agents and financial
advisors. AgentWare develops software that provides a development environment
and framework for seamlessly building and integrating distributed applications
over the Internet.

Forward-Looking Statements

Certain statements contained in this release that are not statements of
historical facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. The words "believe," "expect,"
"anticipate," "intend," "will" and similar expressions are examples of words
that identify forward-looking statements. Forward-looking statements include,
without limitation, statements regarding our future financial position, business
strategy and expected cost savings. These forward-looking statements are based
on our current beliefs, as well as assumptions we have made based upon
information currently available to us. We have no obligation to publicly update
or revise these forward-looking statements to reflect new information, future
events, or otherwise, except as required by applicable securities laws, and we
caution you not to place undue reliance on these forward-looking statements.


CONTACT:  BrainWorks Ventures, Inc., Atlanta
          Brian Moran, 404-751-3282