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Torvec Gets $50 Million Equity Commitment

7 September 2000

Torvec Gets $50 Million Equity Commitment

    ROCHESTER, N.Y., Sept. 7 Torvec, Inc.
(OTC Bulletin Board: TOVC) announced that it received a $50 million equity
funding commitment from Swartz Private Equity, LLC.  Torvec intends to use
these funds primarily to manufacture its Fast Tracked Vehicle, commercialize
its fuel-efficient and soot-reducing transmission and further develop its deep
portfolio of advanced automotive technologies.
    Keith Gleasman, President of Torvec, said, "Swartz's innovative structure
is perfect for our growing, development stage company.  We gain a smart
financial partner in our future and avoid the expenses and high dilution that
are typical in a public underwriting."
    The flexible funding agreement provides for the purchase of common stock,
subject to registration and certain conditions, in an aggregate amount up to
$50 million.  The number of shares that Torvec can sell to Swartz every month
is limited to a percentage of the trading volume of the Company's common
stock.  The irrevocable funding commitment closed September 5, 2000 and will
be in place for three years.  Further details will be available in the
Company's future SEC filings.
    Mr. Gleasman commented on Torvec's financial needs:  "Torvec is
financially conservative and debt-free.  Our new equity commitment gives us
the firepower to assemble the Fast Tracked Vehicle and ramp up our work in
commercializing our revolutionary transmission.  We can also further develop
our other cutting-edge technologies - the CV joint, our small and lightweight
hydraulic pump and motor, our spherical gearing, spool valve and others on the
horizon.  We will keep our shareholders informed every step of the way so they
know how we deploy funds to increase value."