AMBI Forecasts Continued Improvement in Earnings in First Fiscal Quarter and Provides Updates On Major Initiatives.

PURCHASE, N.Y.--(BW HealthWire)--Sept. 29, 1999--

New Dietary Supplement Bar Launched on QVC Today

AMBI Inc. (Nasdaq: AMBI) announced that it expects to report a significant improvement in earnings for the first fiscal quarter that ends on September 30, 1999, attributable in substantial part to a more than 40% increase in revenues over the revenues in the corresponding quarter in the prior fiscal year. The Company also announced that it is today launching a new dietary supplement bar on QVC ahead of schedule.

Fredric D. Price, AMBI's President and Chief Executive Officer, said, "Revenues and income from the Lite Bites(R) line of dietary supplement bars acquired in January 1999 exceeded our initial expectations and, as a result, we accelerated our bar product development programs. Today, ahead of schedule, we are launching Sweet Support(TM) on the QVC network in the US. Sweet Support(TM) is a dietary supplement bar that is formulated to support the special nutritional needs of people concerned with blood sugar levels. On October 13, we will launch Brite Bites(TM), a nutrition bar similar to Lite Bites(R), on the QVC network in the UK, also ahead of schedule.

"We recently announced that we received two significant patents on our Chromax(R) chromium picolinate dietary supplement, which brings our total to 9 patents on this technology. We are on track with our programs to bring new Chromax products to market for people concerned about maintaining healthy blood glucose levels, increasing lean body mass and reducing body fat, and promoting healthy cholesterol levels. Other product development programs are also proceeding on schedule, including bars that include our patented ingredient arginine silicate. We plan to introduce these new bars with a dietary supplement claim that they `Help maintain healthy cholesterol levels'."

Mr. Price added, "Success in the dietary supplements marketplace is a function of having safe and efficacious products that can be readily and conveniently marketed to consumers and patients. Therefore, in addition to expanding our product development programs, we are continuing to test new distribution systems for dietary supplements, including direct response catalogs. We also continue to evaluate acquisitions and alliances to broaden our product line and to leverage the resources of other, larger companies. This is consistent with and builds upon our January 1999 acquisition of Lite Bites(R) and our August 1999 alliance with QVC."

AMBI develops and markets proprietary nutrition products.

This press release contains certain forward-looking statements, including without limitation, statements concerning the Company's operations, economic performance and financial condition, including in particular, the integration of acquisitions into the Company's existing operations. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are based largely on the Company's current expectations and are subject to a number of risks and uncertainties, including without limitation: the effect of the expiration of patents; regulatory issues; uncertainty in the outcomes of clinical trials; changes in external market factors; changes in the Company's business or growth strategy or an inability to execute its strategy due to changes in its industry or the economy generally; the emergence of new or growing competitors, various other competitive factors; and other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. Actual results could differ materially from the results referred to in the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements contained in this press release will in fact occur. Additionally, the Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that may bear upon forward-looking statements.