Aero Marine Engine and Perma-Tune Electronics Announce Meetings with Foreign Engineering Firms to Discuss Oil Field Applications

RONKONKOMA, N.Y.--Nov. 1, 20034, 2003--Aero Marine Engine, Inc., (OTCBB:ARMR) and Perma-Tune Electronics, Inc. (OTCBB:PTUN) jointly announced today that they have been invited to meet with representatives of several consulting and engineering firms in the Middle East in December. They plan to showcase the revolutionary Dyna-Cam Engine and advanced Plasma Ignition System, and explore their applications for electrical generation in oil fields by burning oil well waste gases.

Representatives have worked closely with engineering firms with offices in Bahrain, Kuwait, Saudi Arabia and the United Arab Emirates in an attempt to determine the feasibility of these products currently being developed for the oil industry. After numerous discussions, the applicable use of Perma-Tune and Dyna-Cam products in the Middle East markets, appears to be valid. A representative from the Company will travel to the Middle East in December.

The revolutionary Dyna-Cam engine has been shown to provide the exceptionally high torque output that is required for electrical power generation. Perma-Tune's Chief Scientist stated, "The problems presented by burning waste gas from oil wells are similar to our findings while researching Dyna Cam's adaptability for burning diesel fuel. Currently these oil well waste gases are burned in large, open flames with the resulting smoke and hazardous waste by-products being released directly into the atmosphere. Burning these gasses in an engine is much less detrimental to the environment due to the fact that the engine will burn these gasses more efficiently and completely, while at the same time generating electrical power."

Perma-Tune Electronics will be showcasing its advanced Plasma Ignition System. The Plasma System has already been tested and is currently operational in oil field applications. Additionally, the venture partners are exploring the feasibility of forming an alliance in order to directly market these products throughout the region.

About Aero Marine Engine, Inc.

The Dyna-Cam engine is an internal combustion engine where the pistons drive a cam to generate power to the main shaft. The main shaft is in a parallel direction to piston movement, without connecting rods or crankshaft. The engine has approximately 40% fewer moving parts than a conventional internal combustion engine, has a greater power to weight ratio, produces high torque at low rpm, operates with less vibration, and is lighter than the competition. Additional information on Aero Marine can be found at www.aeromarineengine.com.

About Perma-Tune Electronics, Inc.

The Company designs and manufactures high-energy electronic ignition systems for street vehicles, race cars, scientific and industrial applications, space and aviation applications, as well as clean-burning alternative fuel applications. Perma-Tune sells to a well-established network of wholesale distributors. Additional information can be found at www.perma-tune.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in either of Aero Marine Engine's or Perma-Tune's industry and general economy; competitive factors; ability to attract and retain personnel; the price of Aero Marine Engine's or Perma-Tune's stock; and the risk factors set forth from time to time in Aero Marine Engine's or Perma-Tune's SEC reports, including but not limited to their annual reports on Form 10-KSB; their quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Aero Marine Engine, Inc. and Perma-Tune Electronics, Inc. take no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties which is not paid for by the respective companies.