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American Electric Automobile Co. Announces Profile

15 February 2000

American Electric Automobile Co. Announces Profile by WallStreetCorner.com

    SAN DIEGO--Feb. 15, 2000--American Electric Automobile Co., Inc., (Pink Sheet:AEAM) Tuesday announced that the company has been profiled with a positive recommendation by Larry Oakley, internationally renowned reviewer of small-cap emerging growth situations.
    Oakley's profile of American Electric Automobile Co. (AEAM) can be seen in his "Larry Oakley's Weekly Stock Pick" at www.WallStreetCorner.com posted Feb. 12, 2000.
    Access to www.WallStreetCorner.com is free, and includes two other editorial venues: "Larry Oakley's Daily Comment," and "Larry Oakley's Opinion."
    In the analysis of AEAM, Oakley stated: "I predict that electric cars will become very popular, especially as second cars for local travel & shopping. I like the projected operating & maintenance costs of these particular cars -- they are expected to total about 1.5 cents per mile. In our regular car, the gasoline cost alone is about 6.7 cents per mile.
    "American Electric's SUV & SPUV Pickup will be full size by U.S. standards & will be priced in the $22,000 range. Two-door & four-door compacts will be priced in the $17,000 to $19,000 range."
    American Electric Automobile Co. recently announced that the auto the company produced in China has been licensed for use on all roads in China. Presently, countries such as China have recognized the immediacy for electric vehicles by mandating the purchase of zero emission vehicles. China's new five-year plan calls for one in every five (20%) vehicles produced in China to be an electric vehicle.
    Gary G. DeGano, president and chief executive officer of AEAM stated: "The Clean Air Act Amendments of 1990, the National Energy Policy of 1992, and Executive Order 12844, which accelerate the alternative fuel purchases by the federal fleet, set the stage for an extensive development in alternative fuel and zero emission vehicles.
    "California alone has mandated the provision that major automakers produce 10% of their vehicles as Zero-Emission Vehicles (Z-EV) by 2003. We look forward to helping to satisfy the growing popularity of electric vehicles."

    Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995. This announcement contains "forward-looking statements." The words "anticipate," "look forward to," "believe," "will be," "estimate," "projected," "expected to," and other similar expressions as they relate to the company & its management are intended to identify such forward-looking statements. Although the company & its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein include those mentioned in the company's submissions to regulatory agencies.