Solomon Technologies Appoints New President

TARPON SPRINGS, Fla.--July 6, 2004--Solomon Technologies, Inc. (OTCBB:SOLM) today announced the appointment of Peter W. DeVecchis, Jr. as President effective May 2, 20047, 2004.

Dave Tether, founder and CEO of Solomon said, "The addition of Peter to the Solomon team is an important step in achieving Solomon's long term goals. I am thrilled with Peter's enthusiasm for our vision and excited about the opportunities his skills will bring to our company."

Peter DeVecchis stated, "I am pleased to be working with David in helping the company achieve its growth potential. The whole management team shares a passion for the application of Solomon's unique technologies. The combination of skills we have assembled provides the foundation for Solomon to develop, manufacture and market its products in its existing marine segments and beyond."

Information about Solomon Technologies, Inc.:

Solomon Technologies, Inc. has been successfully installing and supporting marine installation of its patented and proprietary electric motor drive systems around the world. Solomon currently provides propulsion systems for new and retrofit marine applications as well as motors for high growth, high volume land based vehicle and machinery applications. Solomon, through its proprietary propulsion systems and patented Electric Wheel(R) technology, offers a unique electric motor design with an ability to efficiently regenerate electricity and leads the way in the recreational boating industry's adoption of the fundamental new technology.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding Solomon Technologies, Inc. in this release that are not historical in nature, particularly those that utilize the terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes," or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which management has derived from the information currently available to it. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Important factors known to management that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in the company's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and the company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.