                                  Exhibit 99.1

                                 PRESS RELEASE
                   Virtual Academics to Change Name to Cenuco
             Company views wireless subsidiary as future of business

Boca Raton, FL.--(BUSINESS WIRE)--January 2, 2003--Boca Raton-based Virtual
Academics (OTCBB: VADC) today announced it is changing its name to Cenuco, Inc.
and symbol to CNUO. The Board of Directors of Virtual Academics.Com, Inc.
recommended and the majority of the shareholders approved the change of its name
to Cenuco, Inc. to better reflect its business direction and operation.
Reflecting the changing focus of its business, the company plans to accelerate
the development of its suite of fully integrative wireless solutions for the
Security, Real Estate and Insurance markets.

The change in name signifies the company's focus on its development of wireless
applications, while maintaining its market presence in the distance-learning
sector. The company will continue to expand its online distance-learning
programs, including the AIG Environmental Institute, the Innovation Institute,
Barrington University and the Academy of Health Science and Nutrition.

The development and cultivation of wireless applications will now serve as the
focal point for the Company's initiatives. Already, the wireless subsidiary has
produced viable solutions for the real estate and security markets. Over 40,000
real estate professionals in the U.S utilize the Company's wireless real estate
solution, the Real Estate Pipeline(TM). In addition, Cenuco is poised to launch
its line of wireless video monitoring solutions, MommyTrack(TM) and CenVid(TM).
Both products offer the world's first truly mobile surveillance monitoring
solution for the consumer and business market.

"We are very pleased with the burgeoning development of Cenuco and the
diversification it brings to the company," said Steven Bettinger, Cenuco's
President. "The change in name not only reflects our growth, but also our faith
that Cenuco is the future of the company."

The Company will maintain corporate headquarters in Boca Raton, FL with the
ticker symbol to change from "VADC" to "CNUO"

About Cenuco- Cenuco Inc.-offers end-to-end wireless solutions that integrate
wireless technology with existing infrastructures and databases for transference
of information via wireless devices. The Company has a suite of robust native
applications scalable to specific industry needs. Cenuco is also an education
solutions provider that owns and operates online distance learning schools
offering Internet and wireless training. For more than ten years, Cenuco has
offered certificate and degree programs in multiple languages to students from
more than 80 countries around the world.

Certain statements contained herein may constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, 21E of the
Exchange Act of 1934 and /or the Private Securities Litigation Reform Act of
1995. Such statements include, without limitation, statements regarding business
plans, future regulatory environment and approval and the Company's ability to
comply with the rules and policies of independent regulatory agencies. Although
the Company believes the statements contained herein to be accurate as of the
date they were made, it can give no assurance that such expectations will prove
to be correct. The Company undertakes no obligation to update these
forward-looking statements.

