EXHIBIT 99.1

                                JagNotes.com Inc.
               226 West 26th Street, Studio D  o  New York, NY 10001
                    Tel: (646) 205-8300  o  Fax: (646) 205-8315


For Immediate Release:

Contacts:
Stephen J. Schoepfer, EVP & COO
JagNotes.com Inc.
(646) 205-8300
sschoepfer@jagfn.com

                  JagNotes.com Inc. Announces Letter of Intent
            to Acquire Interest in Financial Broadband Holdings, Inc.

                  Company to Reacquire JAGfn Webcast Operations

New York, N.Y., June 21, 2001-- JagNotes.com Inc. (OTC B.B: JNOT) announced
today that it has entered into a letter of intent to acquire a controlling
interest in Financial Broadband Holdings, Inc., the principal holding of which
is JAGfn, the 8-hour live financial webcast program.

Under the terms of the letter of intent, the Company would acquire from the
selling stockholders of Financial Broadband Holdings 84.88% of its outstanding
stock in exchange for $23,524,613 in convertible debentures to be issued by the
Company. The debentures would mature on the fifth anniversary of their issuance
and bear interest at the rate of 10% per annum, payable quarterly in common
stock of the Company. The debentures would also be convertible into common stock
of the Company at a price of $3.50 per share, based upon an agreed upon
conversion schedule spanning the five year term of the debentures. In addition,
the selling stockholders of Financial Broadband Holdings would receive warrants
for up to 13 shares of the Company's common stock for each share converted under
the debentures, based on an agreed upon schedule. The warrants would be
exercisable at $.01 per share, as and when conversions are permitted under the
debentures.

The transaction would be subject to various conditions being satisfied prior to
closing, including the Company receiving an acceptable fairness opinion from an
investment banking firm and appointing an outside disinterested director to
approve the transaction. Accordingly, the Company pointed out that, since no
final agreement has been reached with respect to the proposed acquisition and
given the conditions that would need to be satisfied prior to closing, there is
no assurance that the transaction will be consummated.




About Financial Broadband Holdings

Financial Broadband Holdings, Inc., through its wholly owned subsidiary
Financial Broadband Network, Inc., owns and operates "JAGfn," an innovative
financial program offering 8 hours of live breaking financial news,
up-to-the-minute market information and timely market analysis. JAGfn is
broadcast in streaming video format via the Internet, and is currently expanding
its distribution to other media platforms. Jack Reilly, the Company's Executive
Vice President of Programming, who was also the creator of CNBC's highly
successful financial news features, "Squawk Box" and "Power Lunch", produces
JAGfn. Mr. Reilly was formerly the producer of "Good Morning America" and has
been the recipient of many industry awards, including the EMMY. JAGfn can be
found on the Internet at it own website, www.jagfn.tv, and at the sites of its
more than 200 affiliates.

About JagNotes.com Inc.

JagNotes.com Inc. is a leading provider of Internet-based equities research and
financial information that offers its subscribers a variety of stock market
research, news, commentary and analysis, including "JAG Notes", the Company's
flagship early morning consolidated research product. The Company's website is
located at www.jagnotes.com.


Safe Harbor Statement - Certain statements made herein that are not historical
are forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995 and may contain forward-looking statements, with words such
as "Anticipate, "believe," "expect," "future," "may," "will," "should," "plan,"
"projected," "intend," and similar expressions to identify forward-looking
statements. These statements are based on the Company's beliefs and the
assumptions it made using information currently available to it. Because these
statements reflect the Company's current views concerning future events, these
statements involve risks, uncertainties and assumptions. The actual results
could differ materially from the results discussed in the forward-looking
statements. In any event, undue reliance should not be placed on any
forward-looking statements, which apply only as of the date of this press
release. Accordingly, reference should be made to the Company's periodic filings
with the Securities and Exchange Commission.



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