Mirenco Announces Patent Application

    RADCLIFFE, Iowa--Dec. 30, 2002--Mirenco, Inc. (OTCBB:MREO) announces the development of a new invention for its product and customer service line. This invention is the subject of a United States patent application by Mirenco.
    Mirenco, Inc. has developed an invention designed to remotely identify, in real time, vehicles with combustion problems. The invention records several engine performance and combustion parameters and communicates that information to a remote site for analysis. The new invention would complement Mirenco's existing technology and products, and help identify customers that would benefit from Mirenco's DriverMax system for cutting emissions and improving fuel efficiency.
    Dwayne Fosseen, chief executive officer and chairman of Mirenco, said this development is the next logical step for Mirenco as it seeks to improve its product line for reducing emissions and improving fuel efficiency. "This invention would allow us to serve our future customers much more efficiently, by transmitting real-time emissions and engine combustion data from vehicles anywhere in the world back to Mirenco computers." Fosseen said.
    As the vehicle moves down the road, the real-time data can be analyzed for abnormalities by comparing data to vehicles of similar make and model. "This invention would be especially advantageous for use in fleets owning many vehicles and operating on tight budgets," Fosseen added. The invention would identify vehicle inefficiencies, changes in vehicle performance, or better performing vehicles and drivers.

    About Mirenco

    Mirenco, Inc. specializes in combustion management technology for improving fuel efficiency and reducing vehicle emissions. Additional company information is available at www.mirenco.com, or, contact Mirenco at (800) 423-9903 or via e-mail at info@mirenco.com.

    Some of the statements made in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Additional information concerning Mirenco, Inc. can be found within Mirenco's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of this additional information.