Eclipse Magnetics to Supply Jaguar with New Magnetic Oil Filters

    BOCA RATON, Fla.--Nov. 26, 2002--MegaPro Tools Inc. (OTCBB:SJCK) announced that its company Eclipse Magnetics will be supplying Jaguar with magnetic oil filters.
    Eclipse Magnetics, the renowned UK based Magnetic Company has developed what is regarded to be the best performing low and high-pressure oil filters available today. The Eclipse magnetic oil filters are rated to operate at 20 & 200 bar respectively which is making a big impact in the Powertrain, Plant and Pressing industries.
    Metal wear can greatly reduce the life expectancy of oil, seals, valves and any other steel item that comes into contact with it increasing maintenance expenditure which, can be avoided by installing an Eclipse filter.
    The filters have been designed to remove micron and sub-micron sized metal wear contamination. 80% of all contamination found in lubricating and hydraulic oils are less than 10-15 micron, conventional full flow membrane filters allow this size of particle to pass through causing more wear.
    At the center of the filter is the high intensity magnetic core which, utilizes intensifier matrix pole pieces to ensure that the filter body is completely covered magnetically ensuring even the smallest pieces of contamination is captured.
    Spear & Jackson, based in Sheffield, England is one of the largest and oldest tool manufacturers in the UK. Spear & Jackson's roots go back to the 1740's as one of the premium tool manufacturers.
    Spear & Jackson manufactures and distributes tools, garden tools, metrology equipment, woodworking tools and magnetic equipment. They sell their products under Spear & Jackson, Neil Tools, Bowers, Robert Sorby, Moore and Wright, Eclipse (Blades), WHS, Tyzack, and Eclipse Magnetics Brands. Spear & Jackson has divisions throughout England, France and Australia. Spear & Jackson distributes its products throughout the world.

    Disclosure concerning Forward-Looking Statements:

    Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. Various economic and competitive factors could cause actual results to differ materially from those discussed in such forward-looking statements, including some factors which will be outside of the control of the company, such as successful completion and consolidation of the acquisitions, such as consumer spending patterns, availability of consumer and commercial credit, interest rates, currency exchange rates, inflation rates, adverse weather, energy costs, freight costs, the level of residential and commercial construction and the costs of raw materials, along with other specific factors with respect to the company's businesses set forth in the company's responses and other documents filed with the Securities and Exchange Commission.