Energy & Engine Technology Corporation Announces Astounding Industry Numbers

PLANO, Texas, Oct. 26, 2004 -- Energy & Engine Technology Corporation (BULLETIN BOARD: EENT) reports that last month's retail sales of Class 8 trucks in the U.S. showed an increase of 44.5% over September 2003 and that for the first three quarters of 2004, sales have increased 43.1% over the first three quarters of 2003, with 144,059 units sold in 2004 through September 30. Additionally, September's sales total of 18,642 trucks was the highest single month since June 2000. (source: Transport Topics, Week of October 18, 2004, "Class 8 Sales Jump 44.5%" by Roger Gilroy). This same article states that sales are at the highest levels in over four years because buyers increased purchases to meet strong demand and accelerated purchases to avoid the more costly vehicles due to arrive in 2007 due to new EPA emission standards then to begin.

In addition to the higher demand for new trucks, which will provide potential for increase in AXP 1000 sales, the same issue of Transport Topics reports another record high price for diesel with the average retail per gallon price at $2.092, which is the fourth consecutive record high, according to the U.S. Department of Energy.

About Energy & Engine Technology Corporation

EENT (http://www.eent.net/ ), headquartered in Plano, Texas, develops and markets auxiliary power generators for the long haul trucking industry. The Company's common stock is traded on the OTC Bulletin Board under the symbol "EENT". The Company's flagship product, the AXP 1000, is an idle-reduction technology device, designed for new and retrofit installation on semi truck tractors, that provides power generation without requiring the operation of the truck's engine. Powered by an EPA-approved and CARB-certified engine, the AXP 1000 maintains the truck's battery power while delivering electricity for air conditioning, heating, and the operation of televisions, appliances and other devices, to the sleeper cab, thereby reducing fuel consumption, air/noise pollution and long-term truck maintenance costs. (Instead of the 10-15 gallons of diesel fuel consumed through idling each day, the AXP 1000 consumes approximately 1 gallon of diesel fuel in an equivalent amount of time). The Company is targeting a significant market opportunity created by governmental mandates that limit the aggregate amount of idling time available to long haul truckers. Management believes that Federal and State regulations, along with new and more stringent legislation that became effective in January 2004, have paved the way for a $2.5 billion industry. There are an estimated 500,000 or more Class 8 sleeper trucks currently operating in the U.S., with over 80,000 new Class 8 trucks being produced each year. Management believes that even moderate penetration of the market for anti-idling devices could result in significant sales and earnings for the Company. Anticipated metrics on unit sales suggest that for each 1,000 AXP 1000 units sold (at $5,000 each), the Company should generate gross revenue of approximately $5,000,000.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Energy & Engine Technology Corporation) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Energy & Engine Technology Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors.