Vector Announces Annual Savings of $120,000.

Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--March 6, 2000

Vector Energy Corporation (OTCBB:VECT) announced that the holder of 20,625 shares of its Class AA Preferred stock has elected to convert its holdings to common shares and to accept all accrued dividends in additional common shares. All common shares issued in the conversion will be restricted. This will result in the issuance of approximately 2.7 million shares of common stock. It will also reduce the annual dividends due to preferred shareholders by over $120,000.

Vector Energy Corporation is a Houston-based company primarily engaged in the acquisition, development, and production of natural gas and crude oil and the development and implementation of the EZSERV Internet technology.

This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that such expectations will prove to have been correct.