ATI Co-sponsors Russian Technology Conference and Competition; ``High Tech-2001'' and ``Innovations-2001'' Features International Attendees and 1 Million Ruble Grand Prize.

Business Editors

BERLIN--(BUSINESS WIRE)--June 21, 2001

Advanced Technology Industries Inc. (OTCBB:AVDI) Thursday announced that it is a co-sponsor, along with the Administration of the Krasnoyarsk Krai and the Research Institute of Physics and Engineering at Krasnoyarsk University ("NIFTI"), of "High Tech-2001" and "Innovations-2001."

Running from June 20-22, 2001, the three day conference will feature scientific lectures and presentations by scientists, researchers and international dignitaries representing more than 10 countries including Russia, Germany, the United States and China. The conference will be hosted by Chairman Veniamin Sokolov, academician, Vice-Chairman Serguei Katcherov, deputy governor of the Krasnoyarsk Krai and Deputy Chairman Prof. Vladimir Kirko of NIFTI. It is anticipated that more than 90 presentations, lectures or discussion panels will be delivered over the three day period.

High Tech-2001 has been organized into five functional areas: Establishing applied science and high-tech production; Development and application of new materials; Applied optics and medicine physics; Nuclear and industrial waste management; and Alumina production. The goal of the conference is to foster the continued development of technologies, in the above referenced focus areas, emanating from the "closed cities" of the Former Soviet Union for commercialization in Western, non-military markets.

Due to the political changes that have occurred due to the demise of the Soviet Union, world-class scientists have been left without significant funding to continue their research and develop commercially viable products. High Tech-2001 serves to fill this void through the introduction of financing and commercialization sources with highly respected scientists and intends to further promote the cross-border commercialization of technologies that have been derived from formerly top-secret research. Technology presentations and papers are not limited to Russian scientists.

As part of the conference, the "Innovations-2001" competition will award the winning scientist with a grand prize of 1 million Rubles. Presently, 12 technologies remain eligible for the prize. The winning scientist and technology will then be allowed to enter the International Centre for Advanced Technologies incubator jointly owned by Advanced Technology Industries ("ATI") and NIFTI. Further, ATI will have the opportunity to invest or review numerous technologies with the intention of commercializing said technologies on a global basis.

The competition jury of "Innovations-2001" will consist of Chairman Dr. Victor Nevzorov, Krasnoyarsk regional committee for science, Peter Goerke, Vice President of ATI, Oleg Ivanov, Administration of Krasnoyarsk Krai and Alexander Tchuprov, deputy Mayor of Krasnoyarsk city. The "Innovations-2001" competition and grand prize are limited to Russian scientists.

The conference and competition co-sponsors intend that "High Tech-2001" and "Innovations-2001" will be the first in a series of annual technology conferences aimed at furthering the research of world-class scientists and researchers located in the former "closed cities" of Russia.

The conference and competition serve to further strengthen the alliances that ATI has developed over the past 18 months with institutes of the former "closed cities" of Krasnoyarsk and the Krasnoyarsk local and regional governments. In this time frame, ATI has participated in the formation of three new business entities: The International Centre for Advanced Technologies; Sibconverse; and the International Laboratory for Nuclear Waste Management. These entities represent what is envisioned as the first of many future joint ventures and projects created through partnerships between ATI and institutes, governmental agencies or scientists located in the Krasnoyarsk region.

Advanced Technology Industries is a technology enabling holding company that transforms old world markets into new world networks by amassing, enhancing and distributing intellectual capital from incubation to global alliances.

Certain information and statements included in this news release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, or achievement of the company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements.