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Worldwide PetroMoly Reports a 250% Increase in Net Sales

9 December 1999

Worldwide PetroMoly Reports a 250% Increase in Net Sales

    HOUSTON--Dec. 9, 1999--Worldwide PetroMoly Inc. (OTCBB:MOLY) announced today that net sales for the first fiscal quarter of 2000 were up over 250 percent compared to the same quarter of 1999, at $ 188,135 versus $ 53,136 respectively. In addition to the improved net sales, the gross profit margins improved by 15 percent compared to like quarters.
    The Company's 2000 first Quarter net losses were approximately $ (119,335), which represents about a 66 percent substantive improvement over the same fiscal quarter in 1999.
    "Once again we are very pleased that the Company's sales and sales margins results are robustly moving in the right direction. We continue to anticipate growth on a much larger scale in the foreseeable future as our retail distribution plans are successfully implemented and increased brand awareness is achieved through our upcoming campaign," said Lance J. Rosmarin, President of Worldwide PetroMoly. "This continued increase in sales volume reflect a growing brand acceptance during the last year. We also look forward to our expense controls and streamlined output being implemented with our expected increase in sales and production volume in the calendar year 2000."
    For a free web link to the Company's fiscal 2000 first quarter filing or information on the company and on PetroMoly products and technology, please visit the Company's Web Site at: http://www.petromoly.com. Click "Go" on SEC Filings under Corporate information to view the quarterly filings.
    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 was a sponsor in the 1999 Pep Boys Indy Racing League, with driver Robby Unser.
    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.