Top Source Enters Into Lease Agreement

19 June 1998

Top Source Enters Into Agreement to Lease Two OSA Units for Stand-Alone Franchise Prototype

    PALM BEACH GARDENS, Fla.--June 18, 1998--Top Source Technologies, Inc. (AMEX: TPS) announced today it has entered into a long-term lease agreement with a Midwestern operator of auto auctions for two of Top Source's MotorCheck On-Site Oil Analyzers (OSA). The lessor plans to open an oil analysis center to enable auto sellers, auto buyers, auto auction operators, auto dealers, and commercial vehicle fleet managers to instantly determine the content of the engine fluid and thus, determine the condition of the vehicle's engine and transmission. The lessor has indicated interest in expanding this oil analysis retail center into other locations and is using the two-unit test for feasibility analysis.
    Will Willis, Top Source Chairman and Chief Executive Officer stated, "In addition to the monthly revenue stream this lease agreement provides, we view this arrangement as a prototype for potential franchise agreements."
    Top Source Technologies, Inc. develops, assembles and markets sophisticated technologies including the patented MotorCheck On-Site Analyzer, an "oil analysis mini-lab in a box," proprietary Overhead Sound Systems.

Forward-Looking Statements
    This statement discussed in this press release relating to the potential for the franchise pilot operation achieving projected revenue and earnings is a forward-looking statement within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
    Important factors that could cause actual results to differ materially from the forward-looking statements including the following: (1) the ability of the customer to effectively market the On-Site Analyzers, (2) potential competition from traditional oil analysis laboratories, and (3) the reliability of the instruments.