---

Advanced Engine Technologies' Internal Combustion Engine Continues to Live Up to Its Promise

24 July 2000

Advanced Engine Technologies' Internal Combustion Engine Continues to Live Up to Its Promise

    LOS ANGELES - Advanced Engine Technologies, Inc. is continuing its efforts 
to develop and test the OX2 internal combustion engine, which shows every sign 
of living up to its promise.

    The OX2 engine is best described by Dr. Roberta Nichols, an engineering
consultant for AET, as a "free piston engine, with fewer parts than a
reciprocating engine, its operation more like a two-stroke engine, which
should have the same superior power-to-weight ratio.  Because of its small
size, it could be a good choice for generator-type applications, including the
hybrid powertrain for a vehicle."

    Dr. Nichols is retired from Ford Motor Company and presently working as an
engineering/alternative fuel consultant on projects of interest to her.  The
author (or co-author) of more than 60 publications, Dr. Nichols is the holder
of three patents for the Flexible Fuel Vehicle.

    Dr. Nichols' responsibilities as a manager at Ford Motor Company for
16 years included the development of alternative fuel vehicles.  She worked
for The Aerospace Corporation for nearly 20 years as well and is the recipient
of numerous awards from engineering organizations.

    Listed alphabetically, AET's Board of Directors includes Mr. Noel Holmes,
Mr. George Hunt, Ms. Alexandria Phillips, and Mr. Carroll Shelby.  In
addition, Mr. Shelby has agreed to serve as president of AET while the engine
is being evaluated at the University.  Operational policies and decisions,
however, will continue to be promulgated by the Board of Directors.