Aubryn International Inc. Announces Completion of Capital Loan

11 June 1999

Aubryn International Inc. Announces Completion of Capital Loan

    UPLAND, Calif.--June 10, 1999--Aubryn International Inc. Thursday announced the completion of its capital loan funding today.
    The company announced today it received approval on a $1.5 million credit line necessary to complete the company's plans for the balance of 1999. The first loan draw will allow the company to move forward its local operations and begin preparing for the disbursements required for the China operations. The loan commitment includes provisions for capital to be released over the next 90 days to cover past and current operational needs.
    Additionally, the credit line has provisions for additional capital as needed over the next six to nine months to meet company requirements if necessary.
    The loan provides operating and expansion capital for the Automotive Warranty Sales and Service operations within mainland China. Company officials stated that operations will now commence beginning mid to late July 1999.
    The company also plans to continue to search for attractive acquisition candidates in the U.S. Warranty Sales business. Management believes U.S. Warranty Sales will complement the China Warranty operations.
    Additionally, the company filed its Form 10QSB for third quarter 1998 in February and it can be viewed by accessing the company's CIK No. 0001042669.

    Forward-Looking Statement

    This news release may contain forward-looking statements, which involve known and unknown risk, uncertainties or other factors that could cause actual results to materially differ from the results, performance, or expectations implied by these forward-looking statements. The Issuer's expectations, among other things, are dependent upon general economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, as well as other uncontrollable or unknown factors.