Exhibit 99.1

May 2, 2001 Denver, Co. / Businesswire / NxGen Networks, Inc., (OTC.BB: NXNW), a
global telecommunications  provider, announced today that it has signed a letter
of agreement  with  Seedling  Technologies  Corp.,  (OTC.BB:  SEED),  to acquire
SouthernPlanet,  a wholly  owned  subsidiary  of  Seedling.  The  merger  brings
together  the  strengths of both  companies,allowing  them to better serve their
respective customers by blending the Internet and IT strengths of SouthernPlanet
with the IP transport capability and technical infrastructure of NxGen.

Through the  acquisition,  which is expected to close by June 15,  Seedling will
exchange its ownership of  Southernplanet  with NxGen and will retain 53% of the
surviving company.

Douglas B. Spink, Chairman and CEO of Seedling Technologies Corp. commented that
"this  transaction  builds  on the  value  Seedling  has  helped  to  create  at
Southernplanet.  We are proud of our  Southernplanet  team and what they've been
able to build in Latin America - they have  perservered  through trying times to
reach this milestone.  I have tremendous  confidence in Mark Sampson's skills as
an operator and -- entrepreneur, and we at Seedling look forward to working with
the NxGen team to build their company into an international  telecom powerhouse.
Southernplanet  and  NxGen  share  so many  overlapping  customer  segments  and
technical skills; it is really a terrific combination."

Mark  Sampson,  Chairman  and CEO of NxGen  Networks  Inc.,  said,  "We are very
excited about our acquisition of Seedling's Southernplanet  operations.  Working
with Doug and the Seedling team  reinforces  what can be done when companies put
their  heads  together  with a focus on  creating  value for our  customers  and
shareholders.   Southerplanet   brings  a  skill  set  and  customer  base  that
compliments NxGen tremendously.  Together,  we will provide a more comprehensive
and robust suite of services for our customers."

Southernplanet  will  continue  to provide  one-stop  connectivity  and  network
integration  services to its clients in  Santiago,  Chile while  expanding  into
other markets in Latin  America.  These  services will be overlayed with NxGen's
core service  offering of  cost-effective,  toll quality voice,  using IP over a
fully managed ATM network. The respective  management teams of the two companies
will  combine  to manage  the  growth of the new  company,  and no  layoffs  are
expected as part of the transaction.

About Seedling

Founded in 1998, Seedling specializes in identifying and supporting  innovative,
technology enabled companies.  Seedling's management then takes a proactive role
in supporting  profitable  growth,  working  together with the management of its
portfolio  companies  to  provide  access  to key  services  and  relationships.
Additionally,  Seedling acts as a catalyst to revive the  operations of troubled
public technology companies.

Revenue is derived from transactional fees, ongoing  consultative work, and sale
proceeds from previous direct investments.  Seedling's  principals have hands-on
experience  helping more than 20 successful  technology  companies from founding
through  sale or other exit  opportunities.  For  additional  information  about
Seedling, visit the company's Web site at www.seedling.net.

About NxGen Networks

NxGen Networks,  Inc. (OTC.BB:  NXNW), is a global  telecommunications  company,
which  integrates  the  latest  in next  generation  voice  and  data  switching
technologies  onto a single high speed  IP/ATM  network.  The  network  provides
advanced voice and data services impossible to recreate with traditional circuit
switching  technology for Fortune 5000 Companies,  Enhanced  Service  Resellers,
Long  Distance   Carriers,   Competitive   Local  Exchange   Carriers   (CLECs),
Applications  Services  Providers  (ASPs) and large Internet  Service  Providers
(ISPs). For additional information about NxGen Networks, visit the company's Web
site at www.nxgen-net.com.

This press release includes forward-looking statements.  Investors are cautioned
that all  forward-looking  statements contain risks and  uncertainties.  Certain
factors,  many of which are beyond  the  control of each  Company,  could  cause
actual results to differ materially from those  contemplated by  forward-looking
statements.   There  can  be  no  assurance  that  actual  results,   events  or
developments  will occur or be realized as  contemplated by such forward looking
statements.



Except for historical  information  contained  herein,  the matters discussed in
this  news  release  are  forward-looking   statements  that  involve  risk  and
uncertainties, including but not limited to economic, competitive, governmental,
political  and   technological   factors   affecting  the  company's   revenues,
operations,  markets,  products  and prices and other  factors  discussed in the
company's various filings with the Securities and Exchange Commission.

CONTACT:

Paul Peterson, President
Seedling Technologies Corp.
800-893-8894

Bill Neale, CMO
NxGen Networks, Inc.
bneale@nxgen-net.com
604-230-8996

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