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                                                                    EXHIBIT 99.1

Wholetree.com Files Bankruptcy Petition

COLORADO SPRINGS, Colo., Feb. 8 /PRNewswire/ -- Wholetree.com, Inc., a provider
of technology that enables multilingual and multi-cultural global business
transactions over the Internet, and a wholly-owned subsidiary of
LanguageWare.net Ltd. (OTC Bulletin Board: LWNTF - news, LWNUF - news),
announced today that it has filed a voluntary petition under Chapter 7 of the
U.S. Bankruptcy Code in the District of Colorado. A Chapter 7 filing involves
the liquidation of the company's assets by a trustee. Additionally, the board of
directors of LanguageWare.net has authorized the filing of a liquidation
application under Israeli law on the grounds of insolvency. Management expects
the appropriate filings in Israel to be completed by February 15, 2001 to
commence the liquidation proceeding. The proceeding under Israeli law will
involve the liquidation of the company's assets by a trustee.

As previously announced, LanguageWare.net and its U.S. subsidiary lack
sufficient capital to fully meet their financial obligations to creditors and to
remain operating. LanguageWare.net has exhaustively explored merger and
acquisition partners as a source of capital or to acquire the assets of the
company and its subsidiaries. Despite significant effort, the company has not
been successful in obtaining additional investments or in finding a buyer for
the company or its assets.

Portions of this press release contain historical information and
forward-looking statements. Statements looking forward in time are included
pursuant to the "safe harbor" provision of the Private Securities Litigation
Reform Act of 1995. Such statements involve known and unknown risks and the
Company's actual results in future periods may be materially different from any
future performance suggested herein.

SOURCE: LanguageWare.net Ltd.