TUMBLEWEED ANNOUNCES RECEIPT OF FAIRNESS OPINION AND BOARD APPROVAL OF GOING PRIVATE TRANSACTION

LOUISVILLE, KY - Tumbleweed, Inc. (Nasdaq/NM:TWED) announced today that its Board of Directors has approved a one-for-5000 reverse stock split to be followed immediately by a 5000-for-one forward stock split, subject to stockholder approval. Persons otherwise entitled to receive less than one share in the reverse stock split would instead receive cash in the amount of $1.10 per share. The Board had preliminarily approved the transaction on May 19, 2003, subject to receipt of a fairness opinion from the financial advisor to the special committee of the Board, and stockholder approval. Today the Board approved the transaction following the Committee's receipt of a fairness opinion with regard to the per share cash amount to be paid in the reverse split and the recommendation of the special committee.

The transaction is subject to the approval of stockholders. Stockholders will be asked to approve the transaction at the annual meeting of stockholders currently expected to be held in September. The transaction, if approved by stockholders, would reduce the number of stockholders below the level at which the Company would be required to continue to file reports with the SEC.