Change Technology Partners Receives Notice of Termination of

                         Proposed Merger
                      With Franklin Capital Corporation

  GREENWICH, Conn., July 1 /PRNewswire-FirstCall/ -- Change Technology
Partners, Inc. (OTC Bulletin Board: CTPI) announced today that it has received
a notice of termination from Franklin Capital Corporation of their proposed
merger in accordance with the Agreement and Plan of Merger dated December 4,
2001 between Change and Franklin.  Bill Avery, Change's President and Chief
Executive Officer, said Change is pursuing new opportunities to acquire and
develop operating businesses to realize shareholder value. 
  This document contains forward-looking statements.  Statements that are
not historical fact, including statements about the beliefs and expectations
of Change, constitute forward-looking statements.  These statements are based
on current plans, estimates and projections, and therefore undue reliance
should not be placed on them.  Forward-looking statements speak only as of the
date they are made, and Change undertakes no obligation to update publicly any
of them in light of new information or future events.  Forward-looking
statements involve inherent risks and uncertainties.  Change cautions that a
number of important factors could cause actual results to differ materially
from those contained in any forward-looking statement.  Investors should
evaluate any statements in light of these important factors. 
                  MAKE YOUR OPINION COUNT -  Click Here 

SOURCE  Change Technology Partners, Inc. 
-0-                             07/01/2002 
/CONTACT:  William Avery of Change Technology Partners, Inc.,
+1-203-661-4556, / 
/Web site: / 
CO:  Change Technology Partners, Inc.; Franklin Capital Corporation
ST:  Connecticut
-0- Jul/01/2002 16:00 GMT
Press spacebar to pause and continue. Press esc to stop.