Rotary Power International Inc. Announces Acquisition of Remaining Interest in Envirotech

    CLERMONT, Fla.--April 25, 2003--Rotary Power International, Inc. (RPI) (OTCBB symbol: RPIN.PK) announced today the acquisition of the remaining 49% interest in Envirotech Rotary Power, Inc., (ERP) the Florida based rotary engine company.
    The purchase calls for an exchange of 4,900,000 "restricted" common voting shares of RPI for the remaining 4,900,000 common voting shares of ERP, a private company, from its remaining shareholders.
    Upon the successful completion of this transaction and the previously announced February 28, 2003 contract between the parties, RPI would become the 100% owner of ERP, making ERP a wholly owned subsidiary of RPI.
    Larry Cooper, President & CEO, stated: "By purchasing the remaining 49% interest in ERP from its shareholders, RPI will own all rights to the ERP single rotor multi-fueled engine and technology. The ERP engine will compliment the RPI rotary engine technology by adding a smaller lightweight engine to the RPI line of rotary engine products."

    Safe Harbor Statement

    This press release contains "forward-looking statements" based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include price and product competition, dependence on new product development, RPI's ability to obtain sufficient funding to be successful, reliance on major customers, customer demand for our products, control of costs and expenses, general industry conditions and interest rate and currency exchange rate fluctuations. For a further list and description of such risks and uncertainties, see the public filings made by RPI with the Securities and Exchange Commission. RPI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.