Polar Molecular Announces Annual Shareholders' Meeting

DENVER--June 7, 2005--The Board of Directors of Polar Molecular Holding Corporation (POMHE) on the Nasdaq Bulletin Board has announced an annual meeting date of Friday, September 30, 2005 to be held in Denver, Colorado. The company expects to bring its filings current soon, allowing adequate time to complete preparations for the annual meeting on that date.

About Polar Molecular Holding Corporation

Polar Molecular Holding Corporation (www.polarmolecular.com) sells a proprietary line of fuel additives for gasoline, diesel and industrial heating oils under the trademarked name DurAlt(R) FC. The patented technology optimizes engine combustion, thereby improving fuel mileage and decreasing emissions.

FORWARD LOOKING STATEMENTS

This news release contains forward looking statements that are not historical in nature and are based on current expectations and subject to risks and uncertainties. Although the management of the Company believes that the forward-looking statements are reasonable, the Company cannot assure you that such forward-looking statements will prove to have been correct. These statements involve known and unknown risks, uncertainties, and other factors that may cause our or our industry's actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Actual financial condition, operating results, and business performance may differ materially from that projected. The differences may be caused by a variety of factors, including but not limited to failure to receive product orders, changes in general economic conditions, competition, equipment failures and business interruptions, government regulatory changes, changes in key personnel, lack of sources of additional financing, and other factors.