Prolong International Corp. Appoints Two New Directors

    IRVINE, Calif.--April 23, 2001--Prolong International Corp. (AMEX:PRL) today announced the appointments of Gerry Martin and Richard McDermott as members of the board of directors.
    Martin has been the president of CMI located in Newport Beach, Calif., since 1974 where he is engaged in arranging debt and equity financing for middle market companies by providing funding from institutional investors. He has been engaged in the business of arranging corporate financing for more than 27 years. Martin will serve as an outside director on the Audit Committee.
    McDermott has been the president of RLM Properties/RLM Realty located in Dana Point, Calif., since 1975 where he is engaged in consulting with real estate owners in the planning, processing, management, sale and leasing of commercial, industrial and residential real estate properties and land development. He has been a consultant to the Orange County Transit Authority on real property issues.
    From 1995 through 1999 he was the owner and president of Western Maintenance Services Inc., which provided maintenance and janitorial services for commercial office buildings in Southern California. McDermott will serve as an outside director on the Audit Committee and the Compensation Committee.
    "We are delighted with Mr. Martin's and Mr. McDermott's decision to join our board of directors," said Elton Alderman, chairman, president and chief executive officer of Prolong International. "Their combined extensive experience with complex financial issues in real estate transactions, debt and equity financing, as well as being president of their own companies will serve us well in strengthening the board committees."
    Prolong International, through its operating subsidiaries, manufactures, markets and distributes a complete line of patented lubricant and proprietary automotive appearance products. The company's products are marketed and sold under the brand name Prolong Super Lubricants(R) and are used in automotive, industrial and consumer applications. Prolong products are sold throughout the United States and in selected international markets.

    Certain statements in this news release that relate to financial results, projections, future plans, events or performance, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and involve significant risks and uncertainties, including, but not limited to, the following: competition, cost of components, product concentration and risk of declining selling prices. The company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the company's Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this release, and the company assumes no obligation to update such forward-looking statements.