[2] International Foam Solutions Files 10-SB.

DELRAY BEACH, Fla.--(BUSINESS WIRE)--Nov. 24, 1999--

International Foam Solutions Inc. (OTCBB:IFOS) confirmed today that the Company, in order to become fully reporting, has filed its 10-SB with audited financials.

"International Foam Solutions is dedicated to building shareholder value by achieving its business goals," stated Harvey Katz, CEO of International Foam Solutions Inc. "With the filing of this document and when approved by the SEC, IFOS (IFOSE) will be in compliance with OTC eligibility rules which means that the Company will continue trading under its IFOS symbol on the Bulletin Board."

"IFOS is in full support of the steps the National Association of Securities Dealers Inc. is taking to insure more accurate financial information is available to all investors," added Katz. As we have announced in prior press releases, our goal is to build a solid company, of which our shareholders will be proud, and becoming a fully reporting company has been only one part of that goal.

Rules 6530 and 6540 of the National Association of Securities Dealers Inc. (NASD) have been amended and approved by the Securities and Exchange Commission (SEC). These amendments require that companies whose securities are quoted on the OTC Bulletin Board must report their current financial information directly to the SEC. Companies not in compliance would no longer be quoted on the OTC Bulletin Board (OTCBB) which is operated by the NASD.

The OTC Bulletin Board is a quotation service that displays real-time quotes, last-sale prices, and volume information for approximately 6,500 domestic and certain foreign securities which include national, regional, and foreign equity issues; and warrants, units, and American Depositary Receipts (ADRs) not listed on any other U.S. national securities market or exchange. Over half the companies currently quoted on the OTCBB do not file any public reports. Prior to the present amendments, there was no requirement for an issuer quoted on the OTCBB to make current, publicly available reports with the SEC or other regulator.

International Foam Solutions Inc. (IFS) is the only non-hazardous and environmentally friendly company with a chemical process acceptable to the United States Department of Environmental Protection for disposing of and recycling polystyrene waste, better known as Styrofoam -- a trademark of Dow Chemical (NYSE:DOW). For more information visit the Company's website at http://solutions-net.com/ifs.

The statements made by International Foam Solutions (IFS) may be forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. IFS believes that its primary risk factors include, but are not limited to: the need for substantial financial requirements; the need to develop effective internal process and systems; the ability to attract and retain high-quality employees; changes in the overall economy; changes in technology; the number and size of competitors in its markets; changes in the law and regulatory policy; and the mix of product and services offered in the company's target markets.