New Directors Appointed to Board of Solomon Technologies, Inc.

TARPON SPRINGS, Fla.--July 12, 2004--Solomon Technologies, Inc. (OTCBB:SOLM) today announced that it has added two new members to its Board of Directors. Michael A. D'Amelio and Gary M. Laskowski were appointed on May 27, 2004, as part of Solomon's recent financing.

Mr. D'Amelio is the founder of JMC Venture Partners, a Boston based private equity fund that focuses on manufacturing, distribution and manufacturing technology. Mr. Laskowski is a principal of Venture Partners Ltd., a private investment and merchant bank based in Boston and Hartford.

Mr. Laskowski was appointed Chairman of the Board at Solomon's May 27, 2004 directors' meeting. Mr. Laskowski served as a member of the consulting operation of Technology Transitions Incorporated, a venture capital firm, and prior to that in a number of roles, including Vice President, Marketing, for Canberra Industries, Inc., a supplier of data acquisition and analysis systems. Mr. Laskowski serves on the boards of a number of companies involved in electronics, power systems and software development. Mr. Laskowski holds a Bachelor's Degree in Electrical Engineering from the University of Connecticut.

Mr. D'Amelio was appointed Secretary at Solomon's May 2, 20047, 2004 directors' meeting. Prior to founding JMC, Mr. D'Amelio served as President and CEO of TACC International Corporation, a specialty chemical manufacturer with facilities located throughout the United States. Mr. D'Amelio serves on numerous corporate boards and committees and is a graduate of Northeastern University with a BS in Management.

Peter DeVecchis, President of Solomon, stated, "We are excited about the addition of Mr. Laskowski and Mr. D'Amelio to the Board. Their knowledge and experience with growing technology companies combined with their extensive contacts will be an immense benefit to Solomon."

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.