KIK Technology International, Inc. Reports Increase in Sales

    OCEANSIDE, Calif.--July 23, 2002--KIK Technology International, Inc. (OTCBB:KKTI) manufacturers of micro-cellular urethane tires, wheel assemblies and other urethane products, is pleased to announce sales for the month of May, 2002, exceeded budget expectations. Sales for the month were $320,000. This compares with sales of $235,000 for the same period last year, an increase of approximately 36%.
    Mr. William M. Knooihuizen, KKTI president stated that "there continues to be improved strength in restocking inventories in the lawn and garden equipment markets with original equipment manufacturers and aftermarket stores. The economic recovery in the U.S. is slowly impacting KKTI's business activity, apparently signaling a steady return to pre-recession business activity coupled with greater acceptance of flat free tires as a value added alternative to conventional pneumatic tires. Sales through established distributors continue to be strong."
    Wholly-owned subsidiary Kik Technology, Inc. continues to expand sales and product acceptance by new product design, developing new improved chemistry and performance characteristics for its complete line of medical wheelchairs and mobility scooters, industrial, lawn and garden, recreational and sports equipment, while continuing to expand its network of distribution outlets.

    About KIK Technology International, Inc.

    KKTI is the leading provider of flat-proof, micro-cellular urethane products to the multi-billion dollar off-highway tire industry. KKTI's proprietary manufacturing process produces over 150 products to replace conventional off-highway rubber pneumatic tires. The Company sells its products and wheel assemblies to the following markets: wheelchair & medical equipment; lawn, garden and turf equipment; and 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.

    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 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.