STS Announces US$ 5 Million Equity Line of Credit From Former WTC Tenant

    BELLINGHAM, Wash.--Nov. 20, 2001--Safe Transportation Systems, Inc., (STS) (OTCBB:SFTS), announced today it has entered into a financing agreement with a private "Investor" providing a firm and binding "Equity Line of Credit" to the Company in the amount of up to US$5,000,000 over the next two years.
    The Investor, Cornell Capital Partners, LP, is a New York based investment fund managed by Yorkville Advisors Management, LLC. Formerly of the 77th Floor, One World Trade Center, Yorkville Advisors exemplifies American determination and is fully operational in its new offices in Jersey City.
    A registration statement qualifying shares, issuable under the arrangement for resale, will be filed with the US Securities and Exchange Commission. Beginning on the date the SEC declares the registration effective, the Company is entitled to draw against the US$5,000,000 equity credit line from time to time at its sole discretion, provided that there are at least 5 trading days between draws.
    Mr. Robert Farrell, Managing Director of Cornell Capital Partners, LP, stated, "We are excited and grateful for the opportunity to play a role in supporting the efforts of STS. With over 400,000 large truck accidents resulting in more than 5,000 deaths in America every year, the STS Accident Control Technology has the potential to be one of the most important contributions to highway safety in years."
    "This financing will enable the Company to immediately transition itself from R&D to Sales, Marketing and Distribution of its proprietary Accident Control technology," said President & CEO Ian Pallett.
    STS intends to utilize the funds raised under the agreement to initiate its three-pronged marketing and distribution strategy to; (1.) private fleets & common carriers, petroleum & chemical (HAZMAT) distributors and industry organizations such as the National Association of Chemical Distributors, the National Tank Truck Carriers Association and the American Trucking Associations; (2.) market directly to and through Original Equipment Trailer Manufacturers (OEMs) and their National Trailer Dealers Association (NTDA) networks including the Truck Trailer Manufacturers Association; (3.) the Insurance Industry including underwriters, reinsurers, brokers and agents.

    The STS technology helps prevent accidents by mechanically limiting the degree of rotation of the tractor relative to the trailer. The system, which is engaged during all normal highway-driving conditions, empowers drivers with the ability and confidence to use the full braking and steering capabilities of the tractor-trailer without fear of trailer swing, losing control, or jackknifing.

    Review the Company's Previous News Releases at: www.us-sts.com.

    The Private Securities Litigation Reform Act of 1995 provides a "safe-harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to plans for future expansion. 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 the Company. For more information, review the Company's filings with the Securities and Exchange Commission.