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Environmental Solutions Worlwide to Acquire Applied Diesel Technology

31 October 2000

Environmental Solutions Worlwide, Inc. to Acquire Controlling Interest in Applied Diesel Technology, Inc.

    MARKHAM, Ontario--Oct. 31, 2000--Environmental Solutions Worldwide, Inc. (OTC BB: ESWW) announced today that a letter of Intent had been signed to acquire controlling interest of Applied Diesel Technology, Inc. (ADT) and Air Testing Services, Inc. (ATS) of Telford, Pennsylvania. Terms of the acquisition were not disclosed. ADT developed and is manufacturing advanced diesel emission control technologies, including the patented Clean(R)Cat System. In addition ADT incorporates an Authorised EPA Emissions Contract Laboratory, Air Testing Services Inc. which is one of the selected EPA and California Air Resource Board (CARB) listed laboratories, capable of conducting the full Federal Test Procedure in North America.
    ESWW has merged its own Research and Development facilities with those of ADT/ATS. The effect of this is to combine both teams of experienced engineers and technicians, which will accelerate the EPA acceptance of the EnviroCat. In addition ESWW's financial support, with the recently announced private placement, will allow ADT to complete its full EPA authorisation, allowing Clean(R)Cat to be introduced to the North American and European Markets. ADT currently has sales in Far East markets with further potential sales in Hong Kong, Philippines, Australia and China. With the help of ESWW's recently announced adviser Chase Manhattan Bank, through its Global Automotive Division, ESWW/ADT will facilitate manufacturing and sales of Clean(R)Cat systems in these countries.
    Mark Nicole, CEO stated, "ESWW and ADT's technologies are highly complementary. The development and manufacturing of both sets of products will be accelerated by combining both companies under one roof in Telford, Pennsylvania."
    ESWW has recruited project manager Jerry Smith from Loomis Products Company and has co-located all equipment and staff with ADT. ESWW will now have access to a full in-house testing facility for all different fuel technologies. As negotiations have swiftly proceeded, there has been minimal delay to the production of the EnviroCat. All our R&D and extrusion equipment has been moved and integrated into the Telford facility over the last 2 weeks.