Lone Wolf Announces Letter of Intent to Acquire Rapidly Growing Telecommunications Company.

Business Editors

OKLAHOMA CITY--(BUSINESS WIRE)--March 28, 2000

Lone Wolf Energy Inc. (Symbol: LWEI) announced it has signed a letter of intent to acquire Zenex Communications, Inc., a privately held business.

Under the terms of the agreement, which is an all-stock transaction, Zenex will become an independent business unit of Lone Wolf's. The acquisition is the initial deal brought to Lone Wolf by its recently appointed business development firm, Ensynq, Inc.

A switch-based provider, Zenex is tariffed as an interexchange carrier in 48 states and has worldwide terminating access. Zenex was incorporated in 1994 to take advantage of great opportunities in the rapidly growing telecommunications industry. In 1996, less than three years after it was incorporated, Metro 50 magazine named Zenex as the fastest-growing privately held company headquartered in Oklahoma City. It was named to be one of the five fastest-growing companies in 1997. In an important strategic move in 1998, Zenex accepted an offer from a major regional carrier and it advantageously sold its long distance business, which enabled it to reposition itself to be focused in high-profit targeted niches where Zenex has preemptive technologies.