Kenwick Industries Inc. Reports a 208% Net Income Increase for 9 Months 1999

5 January 2000

Kenwick Industries Inc. Reports a 208% Net Income Increase for 9 Months 1999

FORT LAUDERDALE, Fla.--Jan. 4, 2000--Kenwick Industries Inc. (OTCBB:KWIN) Tuesday released their financial statements for nine months ended Sept. 30, 1999.
Some of the highlights included substantial increases in Net Sales, Net Income, and Net Income Per Share.


               KENWICK INDUSTRIES INC. AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF INCOME
                      NINE MONTHS ENDED SEPT. 30

                                  1999         1998       % Increase

Net Sales                      $4,298,882   $2,978,541      + 44%            
Interest Income                $1,647,959   $  236,470      +681%
Net Income Pre-Tax             $1,460,703   $  473,638      +208%
Net Income                     $  876,422   $  284,183      +208%

Basic Net Income Per Share     $     0.18   $     0.07      +157%
Diluted Net Income Per Share   $     0.15   $     0.07      +114%

    "Kenwick Industries Inc. continues its focus on increasing shareholder value. We anticipate that the year 2000 will be a banner year for us," said Kenneth Wulwick, president and CEO.
    Kenwick Industries is a multi-industry corporation whose core business is automobile sales and financing. Kenwick also manages a language program with distribution to institutions and consumers.

    The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Kenwick) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of Kenwick. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and market competition factors.