Ramoil Management Ltd. Announces Development of a New Ramoil Bladeless Oil Pump for Heavy Viscous Oil

    LAS VEGAS--Oct. 3, 2001--Ramoil (Pink Sheets:RAMO) announced today that it has successfully completed its joint venture development of a bladeless down hole oil pump.
    CEO Gary Walters said today, "the bladeless technology operates on a principal boundary layer drag technology that is created by spinning a disk at a tremendously high velocity and as it spins in the fluid it creates a thin shear layer of air called boundary layer drag." This thin shear layer acts as an adhesive and grips the material and moves it very efficiently. The more the velocity the better the pump operates. This down hole oil pump will eliminate the need for steam processing which is being used in Bakersfield, California and around the country.
    "Last year the oil companies spent 360 million dollars in Bakersfield on steam processing. The pump will totally eliminate the necessity for the steaming process. We estimate that efficiency curves will operate in the 83% plus performance level, which is considered volume pressure and velocity. We believe that this will be a breakthrough that will allow us to create pumps for other markets. Can you imagine," Walters said, "a three in one pump in your automobile. A three-ply automobile pump that would operate without any belts. This would include the water pump, air conditioning and power steering and would give these a longer maintenance life."
    Ramoil is in the process of a name change to Jump Automotive Experts, but has not yet been completed.
    Walters went on to say, that he is still working on concluding auto acquisitions although the relationship with CWC Trust did not work out and is cancelled.

    Safe Harbor Forward-Looking Statements

    Except for historical, information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.