STS Acquires Exclusive North American Rights to the Magnum Twist-Lock

    BELLINGHAM, Wash.--Feb. 21, 2002--Safe Transportation Systems, Inc., (STS) (OTCBB:SFTS), announced today it has signed a letter of intent with JOL Springs & Spares Ltd. Of Naas, Ireland, for the exclusive North American distribution rights for the Magnum Twist-Lock.
    Twist-Locks are the safety locking mechanisms, which attach intermodal containers to chassis trailers and rail cars for transportation. JOL is a leading manufacturer and distributor of tractor-trailer components, supplying original equipment trailer manufacturers and the trailer after-market in the United Kingdom and Europe.
    James O'Loughlin, Managing Director of JOL states, "We are proud to become associated with an industry leader in truck safety technologies like Safe Transportation Systems, Inc."
    JOL's Magnum Twist-Lock is currently endorsed and used by European trailer manufacturers Dennison Trailers Ltd. and South Derry Coach Works.
    Dennison Trailers, in business since 1964, has trailer factories in England and Ireland, which supply the U.K. market and export trailers to Germany, Norway, Denmark, Sweden, Iceland, Hong Kong and Africa.
    South Derry Coach Works Ltd. manufactures and supplies specialty and chassis trailers to the intermodal transport industry throughout the United Kingdom and Europe.
    Trucking is the dominant mode in intermodal transportation. Nearly every intermodal moved in the United States involves transport by truck with over 13,000 intermodal carriers hauling almost 8 million domestic and international containers annually. Chassis trailers require up to 8 twist-locks per container.
    STS President and CEO, Ian Pallett, states "We are excited with the opportunity to become associated with a company of JOL's caliber and to acquire the rights to a safety product of the quality of the Magnum Twist-Lock. We look forward to a long and prosperous relationship with JOL."

    Statements contained in this news release regarding expected financial results of STS and other planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond STS's control, including, but not limited to, reliance on key markets, suppliers, and products, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in STS's Form 10-KSB for the year ended 2001 as filed with the Securities and Exchange Commission. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above. STS cautions that historical results are not necessarily indicative of future performance.