Energy & Engine Technology Corporation Announces Conference Call to Discuss Corporate Development

PLANO, Texas, Aug. 19, 2003 -- Energy & Engine Technology Corporation (BULLETIN BOARD: EENT) (EENT) announced that it has scheduled a conference call for Monday, August 25, 2003 with the broker dealer community, analysts and institutions to discuss corporate developments with the Company. Will McAndrew, EENT's CEO, said, "I am excited about the opportunity to discuss our developments with the financial community and to be able to continue dissemination of pertinent information to the investment industry."

EENT (www.eent.net ) is a Plano, TX based concern which, among other things, develops and markets auxiliary power generators for the long haul trucking industry. EENT's new product, the AXP 1000, is an idle reduction technology device designed for new installation and retrofit to semi truck tractors which provides power generation without running the truck engine. The AXP 1000 maintains battery power and powers the sleeper cab thereby reducing fuel consumption, pollution and long term truck maintenance costs.

For each 1,000 units sold, EENT generates gross revenues of approximately $5,000,000 and net revenue of approximately $1,000,000. There are over 500,000 Class 8 sleeper trucks in the U.S. today. At a sales price of $5000 per AXP 1000 unit, the industry potential is $2,500,000,000 (assuming 100% market penetration, which is not EENT's goal and EENT reserves comment on potential market penetration), and the number of new trucks entering the market has been over 80,000 per year.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Energy & Engine Technology Corporation) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Energy & Engine Technology Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors.