Prelude Ventures Inc. Closes Acquisition of Alliance Petroleum Products Co. and Assets of Tri State Stores, Inc.

CHICAGO--Oct. 1, 20035, 2003--Prelude Ventures Inc. (OTC BB: PLUD) announced today that they have completed their acquisition of Alliance Petroleum Products Company and purchased the rights to purchase the assets of Tri State Stores, Inc., GMG Partners LLC, Sasco Springfield Auto Supply Company, and Motor Parts Warehouse, Inc. Effective with this transaction Mr. Jesse Fuller has been appointed President and CEO with corporate offices now located in Chicago.

The company has begun the consolidation process for their operations for added cost savings and efficiency. A new Board of Directors will be announced shortly. As well the company will be filing to change their name and symbol to reflect the new corporate structure and identity.

The company is also in the final stages of retaining an Investment Bank to underwrite an anticipated secondary offering. The company believes upon completion of the secondary they will be eligible for listing on either the NASDAQ SC or AMEX exchange, subject to final regulatory approval.

The companies combined projected revenues were approximately $27 million with earnings of approximately $2.5/$3 million US, with assets in excess of $15 million. The company looks for significant growth in revenue and earnings in 2004, consolidated audited financials will be released within the next 60 days.

About Alliance Petroleum Products Company

Alliance Petroleum Products Company and its management have a long and successful history of supplying lubricant products to many segments of the market, including the major oil companies. They have compounded, blended and packaged for major oil companies including Exxon, Valvoline, Chevron, Amoco and specialize in private labels for the automotive market, discount stores, food, and farm industry.

Alliance Petroleum's current plant capacity is $72-$80 million a year with current operations at less than half capacity; the plant is located on 6 acres with 3 buildings totaling 90,000 sq. feet, management believes the company to be poised for explosive growth.

About Tri State

Tri State Stores Inc., GMG Partners LLC and SASCO Springfield Auto Supply Company operate a total of 13 Parts Plus Stores. Part Plus is one of the largest aftermarket program groups in North America. Management feels with its highly experienced personnel, inventory management expertise, and the Parts Plus Car Care Center marketing program the stores will achieve increased market share. Total sales of the stores are expected to exceed $7.5 million US this year.

About MPW

Motor Parts Warehouse, Inc. is a wholesale distributor of auto parts to independent auto parts stores throughout Missouri, Illinois, and Iowa. Prelude, which acquired the right to purchase 100% of the assets of MPW and plans to purchase the assets upon completion of the necessary funding. Total sales of MPW are projected to exceed $13.0 million US this calendar year.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to Prelude Ventures business, financial condition and results of operations are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statements, including but not limited to, certain delays beyond Prelude Ventures control with market acceptance to new technologies, products, services, delays in testing and evaluation of products, the effect of Prelude Ventures accounting policies as well as certain other risk factors which are detailed from time to time in Prelude Ventures filings with the Securities and Exchange Commission. The consummation of the acquisition of the capital stock of Tri State Stores and Alliance Petroleum and its subsidiaries and affiliates by Prelude Ventures is subject to the ability of Prelude Ventures to negotiate and enter into a definitive acquisition agreement to acquire all of the capital stock of the aforementioned companies and their subsidiaries and affiliates, the ability of Prelude Ventures to procure the necessary funding necessary, the possibility of requiring stockholder approval and obtaining other regulatory approvals and consent.