Advanced Engine Technologies Files SEC Statement Announcing Appointment of New Accounting Firm

    LOS ANGELES, May 15 Advanced Engine Technologies, Inc.
(OTC Bulletin Board: AENG) today announced the filing of an 8-K statement with
the Securities and Exchange Commission pertaining to the appointment of Los
Angeles-based Singer, Lewak, Greenbaum & Goldstein LLP as the company's
accounting firm of record, replacing Neff & Ricci of Albuquerque, N.M.  This
change is consistent with the movement last year to Los Angeles of the
company's headquarters and US based engineering activities.
    To ensure an accurate and smooth transition of this function, AET has also
filed an extension with the SEC for the filing of its third quarter 10QSB.
During this extension period, AET's stock symbol will include an "E,"
designating its extension filing status.  For the extension period, the stock
will be listed as "AENG.E."
    To update the investment community and all interested parties about the
progress of the OX2 engine, Advanced Engine Technologies has established an
information hotline at (310) 323-2895.

    Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995
    This release may contain forward-looking statement involving risks and
uncertainties that may cause actual future events or results to differ
materially and adversely from those described in the forward-looking
statements.  Important factors that may cause such a difference for AET
include, but are not limited to, whether our engine products are viable,
whether a market for our products develops, our ability to retain key
management, our ability to hire and retain the technical personnel necessary
to build our products, the availability of funding for future operating
requirements, our ability to effectively predict or react to rapid
technological changes that could render our products obsolete, product
development delays, dependence on suppliers, our potential exposure to product
liability and other tort claims if our products fail, our ability to protect
our intellectual property, intellectual property disputes, and other factors
discussed in AET filings from time to time with the Security and Exchange
Commission.  AET cautions that the foregoing list of important factors is not
exclusive.  AET disclaims any obligation to revise or update any forward-
looking statement that may be made from time to time by or on its behalf.

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