The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Probex to Hold Conference Call for 2nd Quarter Results

    DALLAS--April 30, 2001--Probex Corp. (AMEX:PRB), an energy technology company specializing in environmental services, will hold its quarterly conference call to discuss results for the second fiscal quarter of 2001 at 9:00 A.M. CST on Thursday, May 3, 2001.
    Securities analysts and any other interested persons are invited to dial into the teleconference. In addition, the call will be webcast by CCBN and can be accessed at PRB's web site at www.probex.com. During the call, Probex management will discuss recent progress toward commencement of construction of the Company's planned Wellsville, Ohio, reprocessing facility and provide an outlook for the upcoming quarter.
    Those who wish to participate in the conference call may telephone toll free 877/917-3405 (PASS CODE: Les Van Dyke, 20527) approximately 10 minutes before the 9:00 A.M. CST starting time. A digital replay will be available by telephone for 90 days commencing one hour after completion of the call at 800/731-6037 toll free in the United States or 462/220-0345 for international callers. A replay will also be posted for 90 days on the Company's web site at www.probex.com.

    About Probex

    Probex is a Dallas-based energy technology company specializing in environmental services that has developed and patented its environmentally beneficial ProTerra(TM) lubricating oil technology for reprocessing, purifying and upgrading used motor oils. ProTerra has demonstrated unparalleled advantages in the highly economic creation of premium quality base oils capable of meeting new motor oil standards without creation of waste by-products. The goal of Probex is to become a world leader in the collection and reprocessing of used lubricating oils into premium quality base lube oils through timely commercialization of ProTerra.

    Certain statements contained herein or made during the call may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management, and may be, but not necessarily are, identified by such words as expect, plan, anticipate, target, and goal. Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations include financial performance, conditions in the lubricating oil industry, the Company's ability to obtain financing for its anticipated acquisitions and plant development, market acceptance of the Company's products and technologies, changes in local, national or global economic conditions, and similar variables. Also refer to the cautionary statements contained in the most recent Forms 10-KSB and 10-QSB which may be obtained under "Investor Relations-SEC Filings" on the Company's web site or by writing or calling the Company at One Galleria Tower, 13355 Noel Rd., Suite 1200, Dallas, TX 75240; 972/788-4772.