BAT International's TVT Race Car Sets Track Record Then Captures Second Place On Race Day

    SAN DIEGO--Aug. 23, 2001--BAT International Inc. (OTC:BAAT) announced today that its TVT sponsored race car set a new track record during the second qualification run at the Cripple Creek Hill Climb Competition on Saturday, Aug. 18, 2001.
    The new TVT track record was subsequently broken later that day by a competitor. The TVT race car captured second place on race day and still holds the second fastest time at Cripple Creek.
    There is only one more race this season in the Colorado Hill Climbing Race Circuit. The TVT race team is confident to again set a new record to finish the season.
    BAT International began using high performance racing vehicles for engine and alternate fuel research in 1997. The company also utilizes its TVT (Total Vehicle Treatment) sponsored race car to showcase and market its products. The TVT race car uses TVT Anti-Friction Metal Treatment in its lubrication oil to increase power and torque and reduce friction (see press release dated April 4, 2001) and also uses Millennium Fuels' new racing fuel (see press release dated June 11, 2001), which uses an affiliated BAT International product as an octane boosting additive in the fuel.
    BAT International is a 9-year old holding company with various equity positions in other high technology companies. The company actively supports its affiliate companies through research and development, financial advising, engineering, and marketing programs. BAT International uses its internationally recognized name to attract companies that have promising new technologies and products that BAT International can help develop and bring to market.

    Forward-looking statements in the release are made pursuant to the "Safe Harbor" provisions of the Private Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including levels of competition for the company, new products and technology changes, the company's dependence on third-party suppliers and other risks detailed from time to time in the company's periodic filings.