CRESCENT FUND, INC. TO PROVIDE INVESTOR RELATIONS
AND CAPITAL FUNDING SERVICES

News Release #3-02
Symbol: SIII
Exchange: OTC: BB
July 25th, 2002
Shares issued: 12,540,567
Sec # 33 - 28188
NEWS RELEASE

VANCOUVER, B.C. - July 25, 2002 - Strategic Internet Investments, Incorporated (OTC:BB:SIII) is pleased to announce that Crescent Fund, Inc. (Crescent) has agreed to introduce the Company to its institutional investor client base for the purpose of raising equity capital for the development of the Company's planned Dream Island Project in Bahrain. Crescent has also agreed to undertake an investor relations program to broaden the Company's investment audience.

Crescent is a private venture capital and management consulting firm with offices in Dallas, New York, and Los Angeles. Crescent specializes in working closely with emerging small-cap companies, as both principal and agent, to meet their immediate and longer-term financing requirements and to generate increased institutional and retail investor interest in their shares. Crescent has established close ties with many leading commercial banks, brokerage firms and investment groups and has extensive experience in corporate finance, mergers and acquisitions.

"We are excited to be involved with the Strategic Internet Investments team and to be a part of their impressive and ambitious 'Dream Island' Project."said Jeffrey S. Stone, Managing Director. "We fully expect this Company to attract both domestic and international interest." .

Strategic Internet Investments, Incorporated is a development company involved in the areas of internet business acquisitions and real estate development (international resorts). More on Strategic Internet Investments can be found at www.siiincorporated.com. The common shares of Strategic Internet Investments, Incorporated are traded on the OTC:BB under the symbol "SIII".

For further information contact:
Strategic Internet Investments, Inc.
(604) 684-8662
email: sohoralph@hotmail.com
www.siiincorporated.com

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.