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KIK Technology International, Inc. Announces Improved Second Quarter Results

    OCEANSIDE, Calif.--Oct. 9, 2002--KIK Technology International, Inc. (OTCBB:KKTI) is pleased to announce sales for the six month period to July 31, 2002 $1.63 million. This compares with sales of $1.27 million for the same period last year, an increase of 29%. The company also reported positive cash flow and posted earnings of $9,000 for the most recent quarter ending July 31, 2002.
    Mr. William M. Knooihuizen, KKTI president stated that traditional customers continue to return to pre-recession orders for KIK products, with sales through established distributors continuing to strengthen. Direct sales to medical and sports equipment manufacturers have also increased. New prototype tires utilizing a new lower production cost technology for small tractors are being tested by a large manufacturing company which could lead to substantial new orders.

    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 and visit the corporate website at http://www.kiktire.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 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.