Rubber Technology International Inc. Gets New Investment

23 March 2000

Rubber Technology International Inc. Gets New Investment

    LOS ANGELES--March 23, 2000--Rubber Technology International Inc. (OTCBB:RTEK) today announced that HLKT Holdings LLC, an institutional investor, has agreed to invest $800,000 for equity in Rubber Technology over the next 60 days.
    HLKT has already funded $400,000 in gross proceeds to Rubber Technology from this investment.
    "This investment provides us the needed liquidity to move forward with our immediate growth plans," said Ray Webb, Rubber Technology's president. "We continue to actively discuss additional financing with other sources for our long term plans and have found the market receptive since we became a fully reporting company."
    Rubber Technology International is a leader in the tire recycling industry. The Los Angeles-based company is paid to receive scrap tires that are then ground into crumb rubber, which is in ever-increasing demand for molded goods, topping for horse arenas, safety material for playgrounds and as an ingredient in rubberized asphalt.

    This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, without limitation, continued acceptance of the company's products, legislative and marketplace changes and governmental regulations affecting the company's operations.