Probex to Present at AMEX Online Conference

    DALLAS--June 14, 2001--Probex Corp. (AMEX:PRB), an energy technology company specializing in environmental services, today said that it will be presenting at the American Stock Exchange's upcoming online conference, "Where Savvy Investors Meet Undiscovered Companies."
    You are invited to view slides and listen to the presentation by Probex Chairman, President and CEO Charles M. Rampacek, which will be web cast live during the conference. A Q&A session will also be held at the end of the presentation. If you are unable to participate during the live web cast, the presentation will be archived for 90 days at the sites below.

    When: Wednesday, June 20, 2001 at 1 p.m. EDST

    Where: www.amex.com or www.streetfusion.com or www.probex.com.

    How: Log on to the web at one of the addresses above. Listeners
    should go to one of the sites at least 15 minutes before the
    event to install the needed software. Minimum software
    required to listen is Windows Media Player, downloadable free
    at http://windowsmedia.com/download/download.asp.

    Questions related to the conference should be directed to Donna Piacentino at the American Stock Exchange 877/576-7449 or Donna.piacentino@amex.com.
    Questions related to Probex should be directed to Les Van Dyke 972/788-4772 or lvandyke@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.