Paradigm Announces `Open' Conference Call for Investment Community

    TORONTO--Dec. 27, 2001--Paradigm Advanced Technologies, Inc. (OTCBB:PRAV) announced today that it will host a conference call open to its shareholders, analysts and interested parties on Thursday, February 21, 2002 at 4:00 pm (EST).
    The focus of the conference call will be a discussion of Paradigm's financial results for 2001 and projections for Paradigm in 2002. Information as to the logistics associated with the conference call will be found on Paradigm's website (www.powerloc.com) in late January or early February. Any persons wishing to pose questions to be addressed during the conference call should send them to the Company at investorquestionscc@powerloc.com.

    ABOUT PARADIGM ADVANCED TECHNOLOGIES, INC.

    Paradigm Advanced Technologies, Inc. (OTC BB: PRAV) (www.powerloc.com) provides a full range of wireless location tracking technology solutions to service providers and end users in the telematics, GPS, M-Business, L-solutions and CRM/ERP markets. Paradigm's servers, software and devices locate, track, navigate, communicate with and manage vehicles and other assets. Paradigm's "Destinator(TM)" (www.destinator1.com) is the only portable navigation product of its kind that provides a breakthrough experience in vehicular navigation and communication. Paradigm owns the exclusive licensing rights to a broad based wireless location patent (U.S. Patent no. B1 5,043,736) covering the apparatus and method of transmitting position information from satellite navigational signals (such as GPS) over cellular systems to a base unit and displaying the location of that equipped object. Paradigm's rights cover all fields of use for the patented system (except for certain criminal justice applications). For further information on Paradigm and PowerLOC, visit www.powerloc.com or call (905) 764-3701 Ext. 249.
    Paradigm is also listed on the Frankfurt Stock Exchange - symbol - PG8.
    This press release contains forward-looking statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Paradigm Advanced Technologies, Inc., and its business. The predictions embodied in these statements will involve risks and uncertainties and accordingly, Paradigm's actual results may differ significantly from the results discussed or implied in such forward-looking statements.