Advanced Refrigeration Technologies Awarded Contract from 21st Century Energy Inc.

Business Editors

INDIO, Calif.--(BUSINESS WIRE)--Feb. 21, 2001

Advanced Refrigeration Technologies (OTC BB:ARGT) Tuesday announced that it was awarded a contract from 21st Century Energy Inc. to supply energy-saving evaporator fan controllers for installation in a variety of west coast customers ranging from national fast-food restaurant chains to school districts.

The contract calls for delivery of 1,000 units of the Advanced Refrigeration Technologies (ART) Model 4000 and 5000 products. This is part of an ongoing commitment from 21st Century Energy to install products that are proven to save energy. These ART Model 4000 and 5000 controllers should provide electrical savings of as much as 3 million KWh per year for the next 15-20 years.

This contract is valued at $400,000 to Advanced Refrigeration Technologies.

With the ART 5000 product, the customer can monitor critical energy consumption data, so the actual usage and savings of energy is known. The customer is also given a warning if this data indicates a maintenance problem.

Advanced Refrigeration Technologies is a developer and manufacturer of energy efficiency products for walk-in refrigeration. The ART products' ability to save energy and cut electrical costs has been proven in tests performed by the company under the auspices of the U.S. Department of Energy, and in further testing conducted through Lawrence Berkeley National Laboratory. Additionally, the product has been evaluated by the Federal Energy Management Program (FEMP), and has received a positive recommendation and been approved for installation in federal facilities.

This information is available to any interested investor or potential customer.

Advanced Refrigeration Technologies (the company) was incorporated in the State of California on Feb. 5, 1998, and is engaged in the business of designing, manufacturing and marketing energy efficiency products. The company's first products, which are currently in production, are patented evaporator fan controllers for walk-in refrigerators and freezers, which can save the consumer from 30-50% in refrigeration energy costs. The company gained the rights to the basic product by acquiring Nevada Energy Control Systems Inc. (`NECSI'). The company is currently marketing these products, the ART Evaporator Fan Controllers Models 4000, 5000 and 6000, primarily in California, and plans to expand its marketing operations to cover the entire United States, as well as to bring to market other products and models currently in research and development.

Advanced Refrigeration Technologies common stock was cleared for quotation under the symbol ARGT on the NASD Over The Counter Bulletin Board (OTCBB) as of Oct. 20, 1999.

The company's Sales and Marketing office is located at 44-903 Golf Center Parkway, Suite 9, Indio, Calif. 92201; telephone [phone], fax [phone].

This news release may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the statements contained herein. Such risks are disclosed from time to time in the company's regulatory reports and filings.

For further information contact David J. Kimber VP Marketing or Robert L. Schlick Exec. VP, at 760-863-5621 or [e-mail].