Vestex Shareholders Approve Name Change and Reverse Split.

Business Editors

NORWALK, Conn.--(BUSINESS WIRE)--May 5, 2000

Vestex, Inc. (OTCBB:VSTX) is pleased to announce the results of its Annual Shareholder Meeting.

On April 17 at 9 a.m. at The Sutton Place Hot in Newport Beach, Calif., shareholders overwhelmingly approved changing corporate domicile from New York to Nevada, changing the name of the company to CyberOpticLabs, Inc., the election of two directors, a 1 for 40 reverse split of outstanding shares from 120,000,000 shares to 3,000,000, and authorizing the Board of Directors to seek, identify, engage and acquire new business on behalf of the Company. The reverse split is scheduled to be effective on or about May 10.

"We are encouraged by the overwhelming support of the shareholders in approving these measures and moving the Company in the right direction," said CT Yeh, President and Director of Vestex, Inc. Yeh further commented, "The management team is looking forward to growing the company."

Vestex, Inc. is an Internet incubator that identifies, evaluates and acquires equity positions in post start up companies in telecom, datacom, optics, pharmaceuticals, and Internet sectors.

This news release contains forward-looking statements within the meaning of Section 37 A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, including the Company's ability to continue to successfully market and provide services, general economic conditions and other risks that are discussed in the Company's filings with the Securities and Exchange Commission (including the Company's Annual Report on Form 10-KSB). The Company undertakes no obligation to publicly update or revise the forward-looking statements whether as a result of new information, future events or otherwise.