Mirenco Announces New Innovative Leasing Program

RADCLIFFE, Iowa--Feb. 1, 20040, 2004--Mirenco, Inc., (OTCBB:MREO) announced a new leasing program through Direct Capital Corporation, a leading U.S. provider of equipment financing headquartered in Portsmouth, New Hampshire.

"Many of our new clients have requested alternative financing arrangements for the purchase of our DriverMax(R) technology since many of the diesel fleets are acquired through a leasing program," explained Don Lutz, Vice President and Director of Sales.

"The Direct Capital lease program is unique since the client can make payments from part of the fuel savings derived from the use of Mirenco products. This shows how much confidence Direct Capital and Mirenco have in the DriverMax(R) product line meeting the clients' fuel saving expectations," stated Lutz. "The client benefits with this program since DriverMax(R) also reduces the maintenance costs and prolongs the vehicle's engine life, which equates to a positive effect on the bottom-line."

The other positive effect is on our environment. Peter Tupper, Senior Account Executive at Direct Capital, says, "we're in the business of financing in a cost-effective way, but it is also great to see how the program will help improve the environment when the clients use the DriverMax(R) technology to reduce their diesel vehicle emissions."

About Mirenco

Mirenco is a Radcliffe, Iowa-based company that specializes in patented vehicle management technology and consultative services for reducing vehicle emissions, improving fuel economy and lengthening the service life of heavy-duty diesel vehicles. More information is available at www.mirenco.com, or via e-mail at info@mirenco.com or by calling 800.423.9903.

Some of the statements made in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Additional information concerning Mirenco, Inc. can be found within Mirenco's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of this additional information.

About Direct Capital Corp.

Direct Capital Corporation is a leading U.S. provider of commercial equipment financing. Fast, simple access to capital with competitive rates and great service have been the cornerstones of the firm's success since it was founded in 1993. Direct Capital has been name to the Inc. 500 list and has been recognized as one of New Hampshire's Top 100 companies for four consecutive years.