2001 Rollout of Lifestream's Home Cholesterol Monitor Completes First Phase; Monitor Available in Major Department Stores, Catalogs, and Specialty Stores.

Business Editors/Health & High Tech Writers

POST FALLS, Idaho--(BUSINESS WIRE)--July 9, 2001

The launch of Lifestream Technologies' (AMEX:KFL) home cholesterol monitor is ready to move into phase two after a successful rollout in many of the nation's top specialty stores, catalogs and retail department stores. The hand-held monitor allows consumers to test their cholesterol levels easily and accurately at home between doctor visits, so they know whether their cholesterol-lowering diet, drug and exercise therapies are working.

Successful sales in recent test markets resulted in orders now being placed by major department store retailers like Federated, which includes Macys, Burdines, The Bon, and Riches-Lazarus. Other department stores that have placed orders include Dillards, Bealls, and a division of May Company department stores. In addition, more than a dozen high-end consumer catalogs have chosen to carry the Lifestream Cholesterol Monitor including Hammacher Schlemmer, Gadget Universe, Lifestyle Fascination, TechnoScout Health & Wellness, Home Care America, and Sky Mall's InteliHealth.

Sharper Image (Nasdaq:SHRP) and then Brookstone specialty stores, catalogs, and websites were the first to carry the smart card-enabled product after it was unveiled to millions of Americans through the QVC television shopping network on January 1, 2001. The appearance marked the beginning of a broad consumer rollout, which is targeted at the nearly 100-million Americans with elevated cholesterol levels. The next phase of the rollout will include chain drug stores nationwide.

"New, stricter cholesterol guidelines recently released by the National Cholesterol Education Program mean even more Americans at high risk of this silent killer could benefit from the Lifestream Cholesterol Monitor," said Lifestream Technologies President and CEO Christopher Maus. "We developed our home cholesterol test to empower consumers to partner with their doctors in their own preventive healthcare."

Consumers can find out which retailers carry the Lifestream Cholesterol Monitor by going to "Store Locator" on the website www.knowitforlife.com. The monitor has a suggested retail price of $129.95.

Founded in 1994, Lifestream Technologies (AMEX:KFL) is a leading manufacturer of smart card-enabled healthcare diagnostic devices. The company developed and currently markets a line of cholesterol monitors to consumers and healthcare professionals, which provides test results in three minutes. Cleared in July 2000 by the FDA, the easy-to-use Lifestream personal cholesterol monitor is the first consumer healthcare device to incorporate Microsoft(R) (Nasdaq:MSFT) Windows(R) Powered Smart Card technology, which allows consumers to securely store test results, average those results, and share them with doctors and pharmacists. Up to 200 tests results can be downloaded onto the Data Concern(TM) Personal Health smart card that comes with the unit. The company's proprietary smart card and web-based healthcare information systems will be incorporated into additional at-home healthcare monitors in the future.

For more information please visit http://www.knowitforlife.com and http://www.lifestreamtech.com.

Communications to the financial community by Lifestream Technologies, Inc. are not intended nor should they be construed as labeling for the company's products. Any learned intermediary or healthcare professional who reads company communications to the financial community should not rely on these communications for decisions to purchase, indications for use or instructions to use the Company's products. This news release may contain information deemed to be forward-looking statements under the law involving risks and uncertainties. The Company's actual results could differ materially from this news release. Additional information about risks of the Company achieving the results suggested by any forward-looking statements may be found under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's 10-K.