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M3 Initiates Coverage of KIK Tire Technologies Inc.

25 January 1999

M3 Initiates Coverage of KIK Tire Technologies Inc.

    CALGARY, Alberta, Jan. 25 -- KIK Tire Technologies Inc.
announced today that Dallas, Texas - based venture capital and institutional
research firm M3, Inc., has initiated research coverage on KIK Tire.  M3 will
also assist the Company in its future corporate financing activities.
    KIK operates a manufacturing and international marketing operation for its
proprietary flat-proof, off-highway tire product line from its base in
Oceanside, California.
    "We have great confidence in KIK's management and their ability to
identify new and expanding markets for its unique tire system," says Michael
Pickens, President of M3.  "We have taken a substantial equity position in
KIK as an expression of our commitment, and we look forward to working closely
with their management in carrying out the Company's growth strategies."
    According to Don Dean, chairman and CEO of KIK, "Michael Pickens and M3
have an excellent industry and institutional following, particularly in the
U.S., and we are fortunate to have developed this affiliation.  With M3, KIK
will receive the skilled support and recognition it deserves from a
significant force in the U.S. financial community."
    Both Pickens and his associates have served several Wall Street firms
which have directly provided their services for major industry investors
including Carl Icahn, Gordon Getty, and T. Boone Pickens.
    KIK Tire has been developing its technology and polyurethane tire
applications for over 12 years, and now markets over 200 tire and caster
products through strategic partners and distributors world wide.  KIK's
markets include industrial applications such as materials handling equipment;
lawn, garden and turf equipment applications such as wheelbarrows, mowers and
golf carts; home medical equipment such as wheelchairs and power scooters; and
sports equipment including bicycles.
    The Company wishes to advise its customers, shareholders and interested
parties that the KIK "Home Page" is on the World Wide Web and available for
review and business updates at its Internet address: http://www.kiktire.com.

    The Alberta Stock Exchange has neither approved nor disapproved of the
contents of this press release.