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Worldwide PetroMoly Announces Agreement with United Warehouse

4 October 1999

Worldwide PetroMoly Announces Retail Distribution Agreement with United Warehouse, Inc.

    HOUSTON--Oct. 4, 1999--Worldwide PetroMoly Inc. (OTC BB:MOLY), announced today that they have received an initial purchase order and have entered into a retail distribution agreement with Nashville based United Warehouse, Inc. United, in alliance with ACDelco, serves over 1100 customers in the Tennessee, Kentucky and Alabama regions, and is one of the premier distributors of Federated Parts Stores, a major US automotive after-market buying group, with over 3300 members.
    "We feel that the PetroMoly program is going to be the best ever," says Jim Hite, Vice President of United. "With their new high tech bottle, attractive packaging and counter display featuring Robby Unser, product should fly off the shelf. The media campaign to introduce PetroMoly really seems like it should be a winner." Hite adds.
    "We are very pleased about entering this retail market. United with its strong ties to the Federated group is exactly the kind of customer that will prove to be most valuable to the continued growth of our company," says Lance J. Rosmarin, President of Worldwide PetroMoly. "This order is the first of several that we are anticipating this quarter from various automotive retail chains. The creative in our initial awareness campaign is true dynamite, with a fresh and memorable approach. Because PetroMoly is a top of the line product, we have invested a tremendous amount of time and resources in developing a package and message that will be accepted by the market. These developments have required a lot more time than originally projected due to the competitive nature of this industry, however, the elements for a successful launch have emerged, and the end result should be extremely effective," Rosmarin says.
    Worldwide PetroMoly, Inc. manufactures, markets and distributes high-performance lubricants for use in all types of motor vehicles, compressor engines and railroad locomotives. PetroMoly products incorporate a new proprietary process technology called molytech(TM). These products contain 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 environment 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. Worldwide PetroMoly is a sponsor in the Pep Boys Indy Racing League. For a information on the company and on PetroMoly products and technology, 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.