Advanced Business Sciences, Inc. Announces Preliminary Fourth Quarter 1998 Revenue Results.

OMAHA, Neb.--(BUSINESS WIRE)--Feb. 4, 1999 Advanced Business Sciences, Inc. (OTC:ABSH) ("ABS"), an Omaha based service company, today announced preliminary revenue results for the fourth quarter of 1998. Management anticipates that revenues for the fourth quarter will show a growth from $13,000 in 1997 to over $335,000 in 1998.

Through its patent-pending ABS<ComTrak(R) system, which utilizes the Global Positioning System (GPS) technology, wireless telephone communications and advanced computer systems, Advanced Business Sciences, Inc. provides real-time monitoring and tracking capabilities for use in the criminal justice, insurance bonding, transportation, asset management and health care industries.

At this time, ABS is focused on the criminal justice industry. ABS provides an economical answer to the high cost of prison incarceration and a much-needed service to overloaded parole and probation officers while addressing the public safety concerns of having offenders out in the community. ABS<ComTrak(R) tracks the geographic whereabouts of properly equipped individuals and is coupled with a programmable alarm that report's when the individual's physical movements extend past specified, identifiable time and/or geographic boundaries. Through controlled monitoring, the ABS system permits real-time monitoring and tracking of adults and juveniles released from incarceration as a criminal justice rehabilitative alternative.

During the fourth quarter of 1998, ABS completed the acquisition of Comguard Leasing and Financial, Inc. and its wholly owned subsidiary, Comguard, Inc. This acquisition represented a major step in the overall strategic plan for ABS allowing the Company to provide multiple levels of service to the criminal justice industry and making the transition from traditional house arrest to the new GPS tracking and mapping technology easier and more cost effective. The acquisition fits well with ABS's strategic plan of partnering with existing house arrest service providers which are focused on offering their customers all levels of service, including GPS.

Looking forward to future business opportunities, ABS is conducting beta tests of a new application for the transportation industry with collateral applications for asset management. Company management is committed to continuous research and development to expand the utilization of GPS technology and extend the applications of the Company's services to additional industries. For more information about ABS, visit the Company's Website at www.abscomtrak.com.

Statements in this news release that relate to future plans, financial projections, events or performance, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual result to differ materially. Actual results may differ from such forward-looking statements as a result of a number factors, including but not limited to competitive factors and pricing pressures, ability to obtain necessary capital or financing, successful execution of the Company's business plans, shifts in market demand, general economic conditions and other risks and uncertainties which the Company urges investors to consider.