Trans Max Announces New President and CEO and Expands Product Line into Mass Market

RONKONKOMA, N.Y.--June 29, 2004--Trans Max Technologies, Inc. (OTCBB:TMXT) announced today the replacement of Peter Mergenthaler as President, Chief Executive Officer and Chairman of the Board and Paul Cervino as director and Chief Operating Officer.

Both were replaced as directors by the written consent of the majority shareholders in lieu of the annual stockholder's meeting and were then removed as officers by the new directors. Dr. Raymond Brouzes has been elected President and CEO and director and Frances Langford has been elected Secretary-Treasurer and director. The new management is conducting a complete review of all transactions of the past management.

Dr. Brouzes takes the helm of Trans Max and its wholly owned subsidiary, Perma-Tune Electronics, Inc., at an exciting point in the company's new product development, scheduled to begin release in the fourth quarter of this year. The focus is to broaden the customer base of Perma-Tune's intelligent digital ignition systems from its present center of attention on high-end performance vehicles and race cars. The major cost cutting innovations in design and in production processes will make the product attractive to a much wider customer base. The substantial increase in fuel economy, increased horsepower and torque band as well as an important reduction in atmospheric emissions ensures a rapid payback with environmental dividends for all its potential new customers.

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 word "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 the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Trans Max Technologies, Inc. any obligation to update or correct forward-looking statements and also they do not take any obligation to update or correct information prepared by third parties which is not paid for by the Company.