Probex Executive to Speak At Leading Lubricants Conference

11 September 2000

Probex Executive to Speak At Leading Lubricants Conference

    DALLAS--Sept. 11, 2000--Probex Corp. (AMEX:PRB), an energy technology company, announced today that John E. Fahey, the company's vice president of industry sales and marketing, will speak at the "Lubricants: The New World Order" conference, being held from Sept. 13-15, 2000, at the Four Seasons Hotel in Houston, TX.
    During his presentation, Mr. Fahey will discuss the next generation of standards in the automotive lubricating industry, known as GF-3, which will be required for all new automobiles beginning January 2002. Mr. Fahey will analyze the implications of this new standard and explain Probex's vision to help lubricant marketers meet the pending environmental challenge of disposing of used lubricants. As part of his presentation, Mr. Fahey will describe the company's proprietary ProTerra(TM) process, a cost-effective solution for recovering base oil that will meet the performance requirements for GF-3. Mr. Fahey will speak the morning of Sept. 15.
    The conference, sponsored by Lubes'n'Greases Magazine and PetroTrends, Inc., will focus on gas-to-liquid technologies, distributor relationships, e-commerce, fuel cells and other rapidly emerging market issues in the lubricant industry. Keynote speakers include Jeffery S. Howard, partner in the Downstream Energy & Utilities Practice of CISCO Systems, Inc., and Barry M. Ariko, chairman and CEO of Extricity, Inc. Further information about the conference can be found online at www.petrotrends.com.

    About Probex

    Probex is a Dallas-based energy technology company that has begun commercialization of ProTerra(TM), its proprietary lubricating base oil technology enabling production of premium quality base oil and other petroleum products from used lubricating oils.
    For more information about Probex, visit the company's web site at www.probex.com.

    Certain statements contained herein may be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management. Because such "forward-looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from the company's expectations include financial performance, conditions in the lubricating oil industry, the company's ability to obtain financing for its anticipated acquisitions and plant development, market acceptance of the company's products and technologies, changes in local, national or global economic conditions, and similar variables.