Advanced Technology Industries Inc. Forms Company to Commercialize Resealable Aluminum Can Technology.

Business Editors

BERLIN--(BUSINESS WIRE)--Aug. 6, 2001

Advanced Technology Industries Inc. (OTCBB:AVDI) has formed a wholly owned subsidiary, RESEAL Ltd., to commercialize its proprietary "RESEAL-able" packaging systems technology.

The patented system for re-sealing "pop-top" cans for both soft drinks and beer has completed development and is ready for commercial introduction.

As previously announced, ATI has entered into a marketing agreement with The Falcon Group, a European-based marketing consulting firm for the beverage industry.

Based upon responses received by the Falcon Group from European beer companies ATI will be moving forward to produce, in co-operation with Swiss-based Steyner + Bienz, its first 10,000 machine produced samples. It is anticipated that initial production runs of samples will be completed within the next five months.

ATI has been working in co-operation with the Falcon Group and Steyner + Bienz, a Swiss company based in Niederwangen, Switzerland. Steyner + Bienz is recognized as a worldwide industry leader in the design, production and manufacture of aluminum beverage cans.

This cooperation has resulted in a plan for the development and manufacture of the required machinery to produce the RESEAL-able beverage can insert to replace the current "pop-top" lid into any rolled aluminum can. The current annual production of aluminum beverage cans in the world is 500 billion.

ATI recently completed the re-engineering of its proprietary RESEAL technology. Previous generations of the technology were developed and introduced to various bottlers, beverage companies -- both soft-drink and beer -- but initial market testing indicated that a complete vacuum capable of retaining carbonation would have to be perfected before a global market could be developed.

ATI has substantially re-engineered the last generation in order to retain carbonation, and, in the process, developed a system that permits recycling, and substitutes plastic for some functions. This has resulted in a dramatic decrease in production costs. ATI believes that a successful market penetration would have a substantial impact upon future revenues.

The design of a RESEAL-able aluminum beverage can has resulted in the introduction of the RESEAL-able beverage can technology into the European market in 2000-2001. ATI expects to see the global market introduction by the 2nd quarter of 2002 and is currently in discussions with a Japanese group.

ATI 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.

ATI is focused on two primary commercial activities: nuclear waste remediation technologies and the commercialization of technologies originated in Russia into European markets through the establishment of strategic alliances with European-based companies.

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.