Advanced Technology Industries Signs Letter Of Intent To Acquire An Interest In Touchsafe International, An E-Commerce Security Provider.

Business Editors

BERLIN--(BUSINESS WIRE)--March 22, 2000

Advanced Technology Industries (OTCBB: AVDI) announced today a Letter of Intent to acquire a significant stake in Touchsafe International (TSI).

Touchsafe International is an Alabama based systems engineering company dedicated to applying state-of-the-art fingerprint identification methods to develop products in response to substantial, customer driven commercial markets.

TSI's new technology is comprised of an electronic scanning device for fingerprint capture, discrimination software and software specific to each market application. TSI licenses the scanner devices and discrimination software, however, develops the application software, database management and physical devices.

"Touchsafe" is a hardware/software product that has a market in applications where an absolutely positive identification of an individual is valuable. TSI's specifications are to make absolute identification of an individual in 2 seconds or less. The TSI system is faster, easier, more secure and less costly than methods currently in use. There are numerous applications although the initial systems concentration is in the areas of process control and financial transactions.

Although market applications are numerous, TSI will focus initially upon three worldwide markets: Internet charge card transactions (including point of sale charge card and Smart Card transactions); Area security and accounting (parking controls, attendance systems, area access); and Airline ticketing and airport passenger processing. TSI feels these three markets will provide the largest revenue potential short term.

Advanced Technology Industries intends to move quickly to complete the proposed acquisition and hopes to finalize the agreement with 30 days. Terms were not disclosed at this time.

In addition, under a recently revised agreement with Eurotech, Ltd. (OTCBB: EURO) Advanced Technology Industries is to receive 2% of the gross revenue as an overriding royalty on any revenues derived from EKOR by Eurotech, Ltd. ATI feels that Eurotech, Ltd. is progressing rapidly in their efforts to generate significant revenues from EKOR. ATI looks forward to continued developments that may be made public in the near term.

ATI is a diversified technology holding company organized to identify, assess, acquire and commercialize technologies developed by scientists, engineers and research institutes worldwide.

Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.