Sports Wheels, Inc. Enters Into Potential $5,000,000.00 Financial Agreement

    VANCOUVER, Wash.--June 10, 2003--Sports Wheels, Inc. (Pink Sheets:SSWH), is pleased to announce that it has entered into a financial consulting agreement with Strata Associates Inc.
    Terms of this agreement call for Strata Associates Inc. to fund SSWH on a best efforts basis for up to $5,000,000.00. The length of this contract is five years.
    SSWH has signed a licensing agreement regarding a patented technology that bonds and fuses glass to metal. SSWH intends to use this technology to obtain licensing rights from universities, professional sports teams and other corporations to market logos, colors or insignias on professionally designed wheel covers and wheels. SSWH is also exploring additional applications for this patented technology.
    SSWH is currently working towards achieving a full listing on the Over-The-Counter market. SSWH's goal is to become the world's leading developer of designer wheel covers and wheels and is currently building a team to reach this goal.
    Paul Stringer, President of the company states, "Things are starting to move forward with the company. This financial agreement could enable SSWH to be financially stable during our initial growth time and bridge the company until it becomes the global leader that management envisions for the company."

    This press release contains forward-looking statements that involve risks and uncertainties. The statements in this Release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. You should independently investigate and fully understand all risks before making investment decisions.