Kenwick Industries Announces the Sale of its Automax Companies to Xelex

    DELRAY BEACH, Fla.--Feb. 20, 2001--Kenwick Industries Inc. (OTCBB:KWIN) announces that it has sold its Automax Companies to Xelex Corp. in exchange for Xelex Corp.'s common stock. As part of the transaction, effective Friday, Feb. 16, 2001, Xelex Corp. changed its name to Automax Group Inc. and its common stock will be quoted under the symbol "AMXX" on the OTC: pinksheets (Pink Sheets:AMXX).
    Kenwick's President and CEO, Kenneth Wulwick, stated: "The company believes that by establishing Automax as a separate company, it will serve to better demarcate for the investment community the diversity of Kenwick's core businesses; the Autmoax division and our continually growing language division. We believe that this delineation will serve to enhance shareholder value by clarifying the intrinsic value present in both businesses." Wulwick further stated that Kenwick shall retain a controlling and managerial interest in Automax. "Furthermore," he continued, "we believe that this transaction will aid the company in its effort to gain a mainstream credit facility necessary for continued growth."
    A company spokesperson added, "This is a major step in Kenwick management's goal to increase shareholder value and to continue our growth in these two diverse companies."