Environmental Solutions Worldwide Announces Quarterly Results

    TELFORD, Pa.--May 22, 2002--Environmental Solutions Worldwide Inc. (ESW) (OTCBB:ESWW), a company that develops, manufactures and sells environmental technologies, today announced the results for its first fiscal quarter ended March 31, 2002.
    Revenues for the three months ended March 31, 2002 were $393,318 compared with $99,916 for the same period last year. The increase is attributed in part to the company's transition from a development stage company to an operating company. The net loss declined for the three months ended March 31, 2002 to $485,225 or $0.012 per share from $925,241 or $0.028 per share for the same period last year.
    "I am extremely encouraged by the progress that we have made during the past quarter and I am more confident than ever in our products and our ability to service the needs of our growing customer base," said Bengt Odner, chairman of Environmental Solutions Worldwide. "The outlook for continued sales growth is encouraging and should continue to improve our bottom line moving forward.
    "Management has effectively addressed several issues related to inventory shortfalls and smoothed out the procedures for handling high-volume orders that had placed our production at a disadvantage in the beginning of the first quarter and we have made the necessary arrangements with our workforce and material suppliers to avoid similar problems in the future.
    "In addition, the company implemented cost-cutting initiatives in the first quarter that have been successful and management is committed to these operational efficiencies. We are currently in the process of testing our products with potential customers, which should lead to new emissions reduction certifications in the near future. Obtaining these certifications should continue to increase our customer base and product orders throughout the year."

    About Environmental Solutions Worldwide Inc.

    With headquarters in Telford, Environmental Solutions Worldwide, is a publicly traded company engaged through its wholly owned subsidiaries in the design, development, manufacture and sales of environmental technologies currently focused on the international automotive and transportation industries.
    For more information, visit the company's Web site at: www.cleanerfuture.com.

    Safe Harbor

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the company's SEC reports and filings.