News Release: HomeCom Communications Announces Production Contract for HNIPU Technology; (Advanced Performance Material for Use in Coatings and Paints)

RIDGEFIELD, Conn. Dec. 16, 2003 - HomeCom Communications, Inc. (OTCBB: HCOM) today announced that its Licensed Technologies division has entered into a non-exclusive contract with Environment Friendly Materials, GMBH (EFM), located in Germany. Under the agreement, HomeCom will sublicense a part of its HNIPU technology to EFM for the production, manufacture and distribution of HNIPU. HNIPU is a hybrid non-isocyanate polyurethane for use in coatings and paints. The product has demonstrated improved performance characteristics, without the adverse health and safety issues associated with isocyanates. The contract provides that the non-exclusive license can convert to an exclusive license in the event that EFM reaches a sales level of 50,000 metric tons of HNIPU per year to customers in the European Community. The technology was originally licensed from Eurotech, Ltd. (EUOT.PK)

EFM intends to establish manufacturing facilities in Europe to produce and distribute HNIPU. EFM expects these facilities to become operational during the first half of 2004. Under the contract, EFM will pay HomeCom a royalty for every kilogram of HNIPU it sells and will pay all costs that are associated with the transfer of technology to EFM and establishment of the production by EFM.

Michael Sheppard, Vice President of HomeCom's Licensing Division, stated "This process was initiated by Dr. Leonid Khotin and Dr. Randy Graves, both members of Eurotech, Ltd.'s Board of Directors, and was introduced to HomeCom when we brought Peter Gulko on as a consultant to help organize this business venture in May 2003." Sheppard also said "This is very gratifying to us as this is the first contract we have entered into regarding the technologies that we license from Eurotech, and we intend to continue to seek opportunities for the manufacture and production of these technologies." Mr. Gulko added, "I am very happy that HomeCom has found a partner that realizes the potential of the product and is willing to invest in the production and marketing of the product."

Joseph Kristul, President of EFM, commented "Our company is committed to the production and marketing of the HNIPU product and the success of this mutual relationship."

About HomeCom Communications, Inc.:
HomeCom currently operates two businesses: (i) its hosting and website maintenance business and (ii) the business associated with the technologies that it licenses from Eurotech, Ltd. HomeCom has negotiated an agreement to sell substantially all of the assets of its hosting and website maintenance business to Tulix Systems, Inc. Through its licensed technology business, HomeCom seeks to convert the licenses it has acquired in innovative emerging technologies in the nuclear energy, environmental and chemical industries into manufactured products through sub-licenses of those technologies to manufacturers.

About Environment Friendly Material:
EFM is a German Company headed by a management team with several years of experience in specializing in International finance, marketing, and science. The company expects to fill an existing need in the European Community with HNIPU."

"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this document as Well as some statements in periodic press releases and some oral statements of HomeCom Communications, Inc. officials during presentations are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").

Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, or which include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", "hopes," "seeks," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act.

Some of the factors that could significantly impact these forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the development and marketing of HomeCom's products and technologies; the failure of HomeCom's products and technologies to become commercially marketable; the loss of key personnel; changes in financial markets and general economic conditions; and, disputes as to HomeCom's intellectual property rights, including HomeCom's rights to the technologies that it licenses from Eurotech, Ltd. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about HomeCom, its licenses, products, economic and market factors and the sectors in which HomeCom does business, among other things. These statements are not guarantees of future performance and HomeCom has no specific intention to update these statements. More detailed information about those Factors is contained in HomeCom's filings with the Securities and Exchange Commission.

Contact:
HomeCom Communications, Inc.
Michael Sheppard


Investor Relations
1.866.894.3914


Environment Friendly Material
Joseph Kristul
1.415.242.7800