Meteor Industries, Inc. Completes Merger with Active IQ Technologies, Inc.

    DENVER, May 1 Meteor Industries, Inc. (Nasdaq: METR, METRW) today announced it has completed
its previously announced merger with
Active IQ Technologies, Inc. .  In a related and concurrent
action, Meteor Industries announced that it has completed the sale of its
operating business to its major shareholder,
Capco Energy, Inc. (OTC Bulletin Board: CPEG).
    Under the terms of the merger, Meteor Industries issued new shares of
common stock and warrants in exchange for all of the equity of Active IQ, such
that Active IQ shareholders own approximately 50% of the merged company.
Nasdaq trading under the symbol METR will cease effective April 30, 2001, and
shares of the merged entity will commence trading May 1, 2001 under the symbol
AIQT.
    Active IQ CEO, Kenneth Brimmer, commented, "We are pleased to have
completed this important financing transaction.  Active IQ is now positioned
with approximately $5 million in cash to execute its business plan."

    About Meteor Industries, Inc.
    Meteor's present operating business is the distribution of refined
petroleum products.  Meteor's primary operations are in the Western United
States.  In April 2000, the company announced it would review strategic
alternatives away from its historical business with the goal of enhancing
shareholder value.

    About Active IQ Technologies, Inc.
    Active IQ Technologies, Inc. (http://www.activeiq.com) is headquartered in
Minneapolis, with offices in Boston and Las Vegas.  Active IQ Technologies
provides products and services that address the eBusiness needs of small and
medium-sized organizations.  The company's Epoxy Network is a service-based
solution that provides fully integrated eBusiness solutions to existing legacy
applications.

    About Capco Energy, Inc.
    Capco, located in Orange, Calif., is a 20-year-old public energy company.
The company's business is to explore, develop and produce oil and gas
efficiently and secure strategic acquisitions, which enables the company to
achieve its objectives.  Capco currently holds investments in shares of
various publicly traded companies, real estate assets and producing oil and
gas properties.

    This press release contains certain "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21 of the Securities and Exchange Act of 1934, as amended, concerning
possible acquisition activities, all of which are based upon the current
status of the Company's negotiation and assumption made by management, and are
not intended to represent actual descriptions or predictions of the future.

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