''Guardian Technologies Merger Update''; Vairex President To Lead F-Cells 2001 Stationary Fuel Cell Conference in London.

Business Editors and Technology Writers

CAREFREE, Ariz.--(BUSINESS WIRE)--May 29, 2001

Guardian Technologies International, Inc. (Nasdaq/SC:GRDN), announced today that the President of merger candidate Vairex Corporation has been selected as Chairman of the F-Cells 2001 Fuel Cell Conference to be held in London, England on August 30-31, 2001.

The conference is sponsored by the International Quality & Productivity Center (IQPC) and will focus on the commercialization of stationary fuel cell applications.

Some of the participants at this year's conference are Fuel Cell Energy, Rolls Royce, UBS Warburg, Alstom/Ballard, Hamburgische Electricitats-Werke, and Nuvera Fuel Cells Europe, to name a few.

The conference will bring fuel cell developers together with end users, the investment community and utilities to address cost and performance issues surrounding market entry of products. The theme for the event is cost reduction strategies for utilities, residential and industrial applications in preparation to meet the needs of the rapidly emerging fuel cell market.

The IQPC is dedicated to providing practical, detailed information through conferences held at both the national and international level. By providing accurate, objective and up-to-date developments and trends in various industries and government, IQPC enables organizations to remain competitive and profitable (for more information please send e-mail to [e-mail] or visit the fuel cell conference website at www.f-cellsnetwork.com).

"I am very excited and pleased to be presented with the honor of being named Chairman of the F-Cells 2001 conference," stated Ski Milburn, President of Vairex. "I've been attending IQPC fuel cell conferences for years and have found that they draw an unusually high caliber of speakers and attendees. This Chairmanship is just further validation of the quality of work at Vairex and an opportunity to spread the Vairex story to customers, strategic partners and investors in the European Community," concluded Milburn.

ABOUT VAIREX (For more information, visit Vairex's website at www.vairex.com)

Vairex was founded in 1987, to develop advanced, proprietary, oil free compressor technology for automotive and industrial applications and has been engaged in the emerging fuel cell industry for over six years. The Company's technical leadership has led to two major DOE development contracts and prototype sales to industry leaders such as Ballard, GM, Energy Partners and others. Most recently Vairex has delivered evaluation units to McDermott Technology and Fiat.

ABOUT GUARDIAN

Guardian, through its wholly-owned subsidiary Guardian Security & Safety Products, Inc. (GSSP), serves the law enforcement, security and military communities and the global security industry. GSSP's majority-owned subsidiary, ForceOne, LLC, manufactures a variety of high-end ballistic protective equipment including patented personal protection devices commonly referred to as body armor. Guardian, through its wholly-owned subsidiary Guardian Steel, is engaged in structural steel fabrication and provides among its products, structural steel used primarily in military base refurbishments and other projects under Federal contract.

The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-QSB for the quarter ended September 30, 2000 and its report on Form 10-KSB for the year ended December 31, 1999, may affect the results achieved by the Company.