Kik Technology International, Inc. Announces Record Sales and Earnings for January 2002

    OCEANSIDE, Calif.--Feb. 20, 2002--Kik Technology International, Inc. (OTCBB:KKTI), manufacturers of micro cellular urethane tires, wheel assemblies and other Urethane products, is pleased to announce record sales of $364,000 for the month of January, 2002 an increase of 179% compared to the same period last year. Pre-consolidated earnings (unaudited) for this period were $55,000.
    William M. Knooihuizen, KKTI president, stated that traditional customers are starting to re-order products in volumes not seen since the recession started early last year. The recent increased penetration into the wheelchair and the power scooter markets is resulting in increased sales.

    About KIK Technology International, Inc.

    KKTI is the leading provider of flat-proof, micro-cellular urethane products to the multi-billion dollar off-road tire industry. KKTI's proprietary manufacturing process produces over 150 products to replace conventional off-highway rubber tires. The Company sells its products and wheel assemblies to the following markets: wheelchair & medical equipment, lawn & garden equipment, industrial, recreational and sports equipment. For further product information, please call 1-888-KIK-TIRE or visit the website at: http://www.kiktire.com. Investors are invited to call 1-800-288-7499 and visit the corporate web site at http://www.kiktech.com.

    This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.