Universal Ice Blast Reports Progress to Shareholders

KIRKLAND, Wash., March 12 -- Universal Ice Blast, Inc. (BULLETIN BOARD: UIBI) , today sent the following letter to its shareholders:

Dear Shareholder:

I want to report the exciting progress and developments at Universal Ice Blast. During the first two months of 2003, we have received a record $3 million requests for quotes. While these quotes only represent potential revenue, they are the strongest non-financial indicator that Ford and other major companies are seriously considering our technology.

The automotive market continues to be our best opportunity for short and long term revenue growth. We have re-qualified our gear machine at Ford Motor Company, producing outstanding results, far better than anyone at Ford expected. Since then the Company has seen an increase in opportunities and firming up of orders such as our recently announced purchase order for an automated rust inhibitor spray station. We expect more to come.

A very recent visit to UIBI's corporate offices by Ford's Advanced Manufacturing Technology Development Group involved testing the Ice Blast cleaning system on two transmission components. The results could lead to a joint development program to further enhance the ice blast technology for deburring valve bodies and other transmission components. Ford is also considering specifying ice blast as the cleaning process for one component.

I can also report exciting developments with new product and improvements to our technology. We have increased our blasting capacity by 100 percent through the development of dual nozzles from one icemaker. These improvements will be available on our next generation gear cleaning and deburring machines.

We expect to soon deliver our new SXB40, a booth with integrated ice blast ability targeted for the nuclear, industrial and automotive markets. Improvements in nozzle design will be seen on all new products. These enhancements should reduce operating costs by reduced air or power consumption, possibly both.

Since we founded this company in 1995, I have never been more committed and excited about the opportunities that are being presented to Ice Blast on almost a daily basis. I want to take this opportunity to thank each and every one of you for your support over the years. I look forward to rewarding you for your patience with more exciting news as we progress to profitability.

  Sincerely,
  Rory Clarke, Chairman and CEO

A more detailed Letter To Shareholders will be available on our website http://www.iceblast.net/ on Friday, March 14.

This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.

For further information, please contact Devon Blaine, Blaine@pacificnet.net , or Richard M. Goldman, rmgoldman@post.harvard.edu , both of The Blaine Group, +1-310-360-1499, for Universal Ice Blast, Inc.