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Kenwick Industries Inc. to Increase Its Focus For Its Internet Language Division

6 January 2000

Kenwick Industries Inc. to Increase Its Focus For Its Internet Language Division - American Video Language Institute

    FORT LAUDERDALE, Fla.--Jan. 6, 2000--Kenwick Industries Inc. (OTCBB:KWIN) Thursday reported on the progress of its focus for American Video Language Institute, a division producing and marketing video courses that teach English speech.
    Kenwick Industries Inc. reported that after having seen very satisfactory results in both growth and profits from its Automax division, it is focusing its efforts on the American Video Language Institute division in order to help produce an even stronger financial position. Shel Glickman, senior vice president of marketing and sales, stated: "After the review of last year's results from the AVLI division, it prompted Kenwick Industries Inc. to cut overhead and redirect its marketing strategies. The reduction of overhead included downsizing of the labor force, tightening inventory controls, lowering rental and the cessation of non-productive advertising." Glickman added, "The company is working toward increasing its presence worldwide through the use of the Internet and expects to produce increased sales at lower costs."
    Kenwick Industries Inc. is following a plan of increasing volume and profits in all its divisions. For a nine-month period ended September 1999, Kenwick showed an increase of 44% in net sales and an increase of 208% in net income.
    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.