Kenwick Industries Inc. Announces Board of Directors' Decision Regarding Automax Group Inc. Dividend Distribution to its Shareholders

    DELRAY BEACH, Fla.--May 1, 2001--Kenwick Industries Inc. (OTCBB:KWINE) announced today the results of its Board of Directors meeting regarding various distribution strategies of Automax Group Inc. (Pink Sheets:AMXX) shares to its existing shareholders.
    Kenwick Industries Inc. owns approximately 75% of Automax Group Inc. Management has all intentions of distributing dividends to its shareholders, but at this time it has elected to postpone a dividend decision for at least several months based upon current market conditions. "We believe it is most advantageous to both Kenwick and Automax shareholders to pool our resources for the benefit of both companies. American Video Language Institute (the language division of Kenwick Industries) and Automax Group are expected to grow rapidly over the next six months. We would like to focus on business first. A healthy bottom line will hopefully improve the valuation of both companies," stated Kenneth Wulwick, chairman and CEO, Kenwick Industries.
    American Video Language Institute (AVLI) specializes in the production and marketing of video programs that teach English as a second language. AVLI Video Programs received a four star rating from the Video Rating Guide for Libraries and is currently being distributed worldwide to schools, libraries, business groups and organizations. The company is looking to expand its presence on the Internet to better sell its products worldwide and currently has its products on Amazon Z shops and Microsoft Encarta Language Learning websites.

ABOUT THE COMPANY

    Kenwick Industries Inc. is a diversified company comprised of two divisions. The first is the majority-owned Automax subsidiary. The second is American Video Language Institute which offers its English language-teaching programs to Internet users on a pay-per-view basis and to individuals and institutions via a video-based learning format.
    Automax Group Inc. is a "Buy here - Pay here" used car sales and finance company that has served the South Florida sub-prime auto market for 3 years. Automax underwrites, finances and services loans generated at its dealerships, and serves customers with limited credit histories, low incomes, or past credit problems who cannot access traditional financing.

    The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Kenwick) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of Kenwick. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and market competition factors.

    For additional information on Kenwick Industries or Automax Group, go to http://www.askbigapple.com or call Marc Jablon of Big Apple Consulting USA at 407/884-0444.