Advance Technologies --AVTX-- Announces Preferred Shareholders Can Convert 30% to Common Stock.

Business Editors and High-Tech Writers

PALOS VERDES ESTATES, Calif.--(BUSINESS WIRE)--Oct. 2, 2001

Advance Technologies Inc. (OTC BB:AVTX) announced that at a special meeting of its board of directors held on Aug. 31, 2001, a resolution was adopted unanimously.

All shareholders of Preferred Stock of the company will be permitted to convert up to 30 percent of their Preferred Shares commencing immediately and expiring at the close of business (5 p.m., PST) on Feb. 19, 2002. The conversion will be on a 1:1 basis in which one Preferred Stock share can be converted to one Common Stock share.

Each shareholder is being mailed a notice of this resolution including conversion instructions.

About Advance Technologies

Advance Technologies is a leading worldwide developer of infrared imaging technology and commercial imaging solutions. Gary Ball, the president and chief executive officer of Advance Technologies, while employed at Hughes Aircraft Co., was the inventor of a patented advanced infrared imaging aircraft landing aid system. After leaving Hughes, Ball obtained on behalf of the company, an exclusive worldwide license from Hughes Aircraft Co. for the patented technology.

ATI licenses and develops applied infrared imaging solutions for use in diverse industries including aviation, recreational vehicles, commercial trucking, marine, security systems and fire fighting. (www.avtx.com).