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<DESCRIPTION>PRESS RELEASE
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                                  PRESS RELEASE

           YP.NET, INC. ANNOUNCES ADOPTION OF STOCKHOLDER RIGHTS PLAN

     Mesa,  Arizona,  May  18, 2004 - YP Corp. (OTCBB-YPNT) today announced that
the  Company's  Board  of  Directors has declared a dividend distribution of one
right  on  each  outstanding share of its common stock.  Each right will entitle
stockholders  to  buy  one  one-thousandth  of a share of newly created Series A
Junior Participating Preferred Stock of the Company at an initial exercise price
of  $36.50  per  one  one-thousandth  share.

     The  rights  will  enable  the  Company's Board of Directors to control the
terms  and  timing  of its response if a third party makes an unsolicited bid to
acquire  control  of  the  Company.  The  rights  are  designed  to  protect the
interests  of the Company's stockholders, to ensure that all stockholders of the
Company  receive  fair and equal treatment in the event of any proposed takeover
of  the  Company,  and  to  guard  against  partial  tender  offers, open market
accumulations  and other tactics designed to gain control of the Company without
paying  all  stockholders  a  fair  price.  The rights accomplish these goals by
creating  the  potential  for  an  unacceptable level of dilution if an acquirer
takes certain actions without the Board of Directors' approval.  The bidder will
therefore be more likely to negotiate with the Board of Directors, which has the
ability  to  redeem  the  rights  or exempt the bidder from the rights' dilutive
effect  if the bidder's proposal is acceptable to the board.  The Company stated
that  the rights are not being distributed in response to any specific effort to
acquire  the  Company.

          In general, the rights become exercisable if a person or group becomes
     an "Acquiring Person," or commences or announces a tender or exchange offer
     to acquire 15% or more of the outstanding Common Stock, at which time each
     right will entitle its holder to purchase, at the right's exercise price, a
     number of shares of common stock having a market value at that time of
     twice the right's exercise price. Rights held by an Acquiring Person will
     become void. In general, a person will become an Acquiring Person by
     acquiring 15% or more of the Company's outstanding Common Stock.

          Frank J. Husic and certain of his affiliates together currently own
     approximately 15.4% of the Company's outstanding common stock. Such persons
     will become an Acquiring Person if they, together with their respective
     affiliates and associates, acquire 18% or more of the Company's outstanding
     Common Stock or beneficially own 15% or more of the outstanding Common
     Stock and commence or announce a tender or exchange offer to acquire 18% or
     more of the Company's outstanding Common Stock. Mathew and Markson, Ltd.
     currently owns approximately 22.2% and Morris and Miller, Ltd. currently
     owns approximately 21.7% of the Company's outstanding common stock. Either
     of Mathew and Markson, Ltd. or Morris and Miller, Ltd. will become an
     Acquiring Person if such entity, together with its affiliates and
     associates, acquires 24% or more of the Company's outstanding Common Stock
     or beneficially owns 15% or more of the outstanding Common Stock and
     commences or announces a tender or exchange offer to acquire 24% or more of
     the Company's outstanding Common Stock. Each of Husic, Mathew and Markson,
     Ltd., and Morris and Miller, Ltd. also will become an Acquiring Person if
     at any time they own less than 15% of the outstanding Common Stock and then
     acquire 15% or more of the


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     outstanding Common Stock or commence or announce a tender or exchange offer
     to acquire 15% or more of the outstanding Common Stock.

          If the Company is acquired in a merger or other business combination
     transaction after a person becomes an Acquiring Person, each right will
     entitle its holder to purchase, at the right's then-current exercise price,
     a number of the acquiring company's common shares having a market value at
     that time of twice the right's exercise price. The Company will generally
     be entitled to redeem the rights at one cent per right at any time before
     any person becomes an Acquiring Person.

     The  dividend  distribution will be payable on May 18, 2004 to stockholders
of  record  on  May  4,  2004.  The rights will expire in ten years.  The rights
distribution  is  not  taxable  to  stockholders.

CONTACTS:

     YP Corp., Mesa
     Rick Cook, 480-654-9646 (Public Relations)
     rickc@YPCorp.com
     ----------------


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