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Worldwide PetroMoly Announces Purchase Agreement

14 July 1998

Worldwide PetroMoly Announces Purchase Agreement with The City of Coral Springs in Florida to Service Over 660 Vehicles

    HOUSTON, July 14 /PRNewsire/ -- The City of Coral Springs located in South
Florida, has entered into a purchase agreement with Worldwide PetroMoly Inc.
(OTC Bulletin Board: MOLY) to service their Municipality's 660 vehicles
including police cars, fire/rescue trucks, and their "public-works" fleet with
PetroMoly motor oil and lubrication products.
    The City of Coral Springs has over 900 vehicles, but has 660 in "rolling
stock", and PetroMoly anticipates servicing the remaining vehicles as they
come into service sometime in the future.  The PetroMoly products will be
supplied and delivered by Worldwide's distributor, Bennett Auto Supply, also
located in southern Florida.
    "After extensive testing, we have successfully demonstrated the savings
and benefits that The City of Coral Springs is focused on achieving by
converting their vehicles to the PetroMoly's lubrication system.  Focal areas
include safely doubling periods between oil changes and an overall increase in
fuel economy," says Elizabeth Barasch, Sales Engineer for Worldwide.
    "We are very pleased to be adding The City of Coral Springs to our list of
elite customers in the South Florida market," says Gil Gertner, Chairman of
Worldwide PetroMoly.  "Not only will they achieve short and long term savings
with our lubricant, they should also be commended for reducing the emissions
that their vehicles might otherwise emit into the environment, and in some
ways that is just as, if not more significant to the community they serve.  On
top of that, they will be prolonging the life of these vehicles by switching
to PetroMoly, which is an added value to the municipality," Gertner adds.
    Worldwide PetroMoly manufactures markets and distributes high-performance
lubricants for use in all types of motor vehicles, compressor engines and
railroad locomotives.  Most of the PetroMoly products utilize a new patent-
approved technology containing stable and suspended molybdenum disulfide
(moly), a hard and extremely low-friction metal, which fills in the micro-
porous, crater-like surfaces of pistons, rings and cylinder walls.  This
creates a more efficient engine atmosphere, and prevents metal-to-metal
contact, thereby reducing friction, heat, and wear.  Moly is a slick and
powerful antioxidant, known to have the world's lowest coefficient for
friction. For more information on Moly, visit the PetroMoly web site at
http://www.petromoly.com.
    This news release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Act of 1934.  Although the company believes that the expectations reflected in
such forward-looking statements are reasonable, it can give no assurance that
such expectations will prove correct.