$5.5 Million Contract Signed by PEAR Industries Subsidiary With Edge Craft, Ltd.

TORONTO--(BUSINESS WIRE)--April 13, 1999--

PEAR Technologies Inc.'s (OTC BB: PEAR) wholly owned subsidiary ZOS Petrochemicals Industries Corp., has signed an exclusive, $5.5 million contract with Edge Craft, Ltd., of Ontario, Canada, to supply their furniture manufacturing operations with high quality ABS and PVC plastics.

Edge Craft, Ltd. is a leading manufacturer of extruded ABS and PVC edge banding for furniture and cabinets. The Company extrudes ABS and PVC with high impact resins and combines them with UV topcoats to provide an extensive group of resins, veneers and moldings. Edge Craft's clients include Canac Kitchens, Kneff, and others.

Edge Craft Ltd. operates out of a 120,000 square foot facility in Southern Ontario. Their US Distribution Center is in Greensboro, N.C.

Edgecraft will purchase an annual quantity of 6 million-plus pounds of ABS exclusively from ZOS Petrochemicals and potentially, and even larger amount of PVC, on an exclusive basis.

ZOS represents Formosa Chemical and Fiber Corporation, of Taipei, Taiwan, one of the largest manufacturers of petrochemicals in the world. ZOS distributes ABS (acrylonitrile-butadiene-styrene) and PVC plastics. ABS is used in hundreds of product applications worldwide. Formosa Chemical has licensed ZOS Petrochemicals Industries Corp. (http://www.zospetrochemicals.com) to supply North American markets with their resins for use in multiple industries and thousands of product applications. ZOS Petrochemical's expected revenues from ABS sales in Canada alone is expected to exceed $13 million. This does not include revenues expected from sales in the United States. The Company is in final contract negotiations with two of the largest Canadian plastics manufacturing companies, and that country's largest manufacturer of auto parts. ZOS Petrochemicals is also continuing discussions to expand its distribution product base by including Formosa Plastic Group's PVC and polystyrene resins and other plastics.

PEAR, and its ZOS Petrochemicals subsidiary, are also developing potential applications for their resins for the construction, electronic, electrical and automotive industries.

The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company; the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described here.