Advanced Business Sciences, Inc. Announces the Engagement of Genesis Capital Partners.

OMAHA, Neb.--(BUSINESS WIRE)--Dec. 21, 1998--Advanced Business Sciences, Inc. (OTC:ABSH) ("ABS"), an Omaha, Nebraska-based technology company that provides real-time monitoring and tracking of adults and juveniles released from incarceration as a criminal justice rehabilitative alternative, has announced the engagement of Genesis Capital Partners as strategic and financial adviser in connection with the ABS's goal to raise approximately $9.0 to $12.0 million in equity in order to finance the internal growth of the Company. Genesis, an international Merchant Bank, with offices in New York and San Francisco, has worked on transactions with various companies throughout the world with a total value of approximately $50 billion.

Rob Rasmussen, Chief Operating Officer of ABS stated "We engaged Genesis to provide the financial consulting and strategic planning services ABS needs to finance and properly deploy our capital to realize the greatest impact in the market. We have developed the product, the levels of service and the distribution network to bring our product and services to our customers and this relationship with Genesis will help us complete our goals sooner."

Rasmussen added, "ABS is a market-driven company that must respond to the demands of our target audience. The constant awarding of new contracts and our research indicates that the ABS<ComTrak(R) monitoring and tracking system is gaining rapid acceptance in the marketplace. Our ABS<ComGuard(TM) House Arrest system continues to enjoy wide spread demand. This relationship with Genesis provides us the confidence that we can bring these systems to our target audience regardless of the demand."

Through its patent-pending ABS<ComTrak system which utilizes global-positioning technology, wireless telephone communications and advanced computer systems, Advanced Business Sciences, Inc. 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. Through controlled monitoring, the system 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. 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.