Exhibit 99.1


Category 5 Technologies and Netgateway Terminate Merger Agreement

     SALT LAKE CITY and OREM, Utah, Jan. 15 /PRNewswire-FirstCall/ -- Category 5
Technologies,  Inc. (OTC Bulletin Board: CFVT - news) and Netgateway,  Inc. (OTC
Bulletin  Board:  NGWY -  news)  today  announced  the  termination,  by  mutual
agreement, of the merger agreement they signed on October 23, 2001.

Pursuant to the terms of the Termination and Release  Agreement  executed by the
parties  on  January  14,  2002,  Category 5 and  Netgateway  terminated  merger
discussions  and abandoned  Category 5's  acquisition of Netgateway.  Category 5
said it would withdraw the Form S-4  Registration  Statement  currently  pending
before  Securities and Exchange  Commission.  In connection with the termination
and  abandonment of the merger,  William C. Gibbs,  Chief  Executive  Officer of
Category 5 and Donald Danks, Chief Executive Officer of Netgateway,  stated that
"after  additional  evaluation  of the  necessary  integration  and other issues
associated  with the  merger of  Netgateway  with  Category  5, we felt that the
merger  at the  present  time  would  not be in the  best  interests  of  either
company."

About Category 5 Technologies

Category 5 Technologies is a leader in using technology to make small and
medium-sized businesses more efficient in their marketing and profitable in
their operations. Category 5 provides marketing tools and commerce enabling
technology services to small and medium-sized businesses in the United States
and internationally. From e-commerce platforms, web sites, shopping carts,
merchant accounts and payment plug-ins, to communications and promotion tools,
Category 5 enables both brick and mortar as well as Internet businesses to
operate more efficiently and profitably, and to gain and retain new customers.
Category 5 continues to seek synergistic companies, technologies and platforms
for acquisition.

About Netgateway

Netgateway is a leading technology and training company delivering  eServices to
small businesses and entrepreneurs.  Netgateway  provides eServices and training
to over 100,000 customers annually. Netgateway enables companies of all sizes to
extend  their  business to the  Internet  quickly,  effectively  -- with minimal
investment.  Netgateway develops,  hosts, licenses, and supports a wide range of
Internet  applications.  Netgateway  (  www.netgateway.com  ) is  located at 754
Technology Ave., Orem, UT 84097.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward looking statements within the meaning of the
"safe  harbor"  provisions of the United States  Private  Securities  Litigation
Reform  Act  of  1995.  Investors  are  cautioned  that  such  forward-  looking
statements  with  respect  to  revenues,  earnings,   performance,   strategies,
prospects and other aspects of the  businesses of Category 5 and  Netgateway are
based on current expectations that are subject to risk and uncertainties.  It is
important  to note  that  actual  results  could  differ  materially  from  such
forward-looking statements.  These include statements include that the merger at
the present time would not be in the best interests of either company.  A number
of factors  could cause  actual  results or outcomes to differ  materially  from
those  indicated by such forward  looking  statements,  such as the risk factors
listed from time to time in Category 5's SEC reports,  including but not limited
to the transition report on Form 10-KSB/T for the transition period from January
1, 2001 to June 30, 2001 and Netgateway's SEC reports, including but not limited
to its annual report on form 10-K for the year ended June 30, 2001.

SOURCE: Category 5 Technologies, Inc.; Netgateway, Inc.