Brek Energy Corporation Announces Private Placement

HONG KONG: 28 March, 2002 -- Brek Energy Corporation (NASDAQ: BREK, BSX: BREK, BREK.BH), today announced that certain insiders of the company and their affiliates have subscribed for 3,045,000 common shares of the company at $0.50 per share, for total cash consideration of $1,522,500. This was based on verbal commitments from the parties in February 2002 to provide Brek with additional working capital in advance of more significant financings being contemplated. The shares purchased pursuant to this private placement will be restricted and not available for immediate trading by the subscribers.

Participating subscribers include Ian Robinson, Chairman of the Board of Brek, Gregory Pek, President and CEO, Ken Telford, CFO.

Chief Executive Officer Gregory Pek said, "We have been saying that we are confident in the future success of the company, and this personal financial commitment by insiders demonstrates the sincerity of our statements. We are willing to put up out personal funds because we are so convinced of its ultimate success."

About Brek Energy Corporation

Brek Energy Corporation owns significant interests in emerging non-conventional energy companies and assists in building these companies and their assets to their full potential. Brek Energy Corporation, formerly First Ecom.com Inc., also provides electronic payment solutions through its wholly owned subsidiary, First Ecom Systems Limited. Brek Energy has a national market listing and its common shares trade on the NASDAQ National Market System under the symbol BREK.

For more information, visit www.brekenergy.com contact Brek Energy Corporation at +(852) 2801-5181 or by e-mail at info@brekenergy.com / info@firstecom.com.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include significant risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those risk factors, which could cause actual results to differ from management's expectations. Brek Energy expressly disclaims any obligation to update the statements contained herein.