American Electric Automobile Company Inc. Announces Symbol Change.

Business Editors

SAN DIEGO--(BUSINESS WIRE)--April 5, 2000

American Electric Automobile Company Inc. (NQB Non-OTC: AEAM), successful developers and manufacturers of Electric Vehicles, zero emission and super low emission vehicles Wednesday announced that the company's trading symbol has changed from (Non OTC: AEAM) to (Non OTC: AEAC).

American Electric Automobile Company through its wholly owned subsidiary, California Electric Automobile, recently opened its first custom design and engineering showroom in downtown San Diego. The company's electric vehicles are designed using standard automobile bodies with fully functioning air conditioning, heating and a custom-designed electric power and drive train. Off-the-shelf electric motors are used in combination with a custom proprietary computerized electric drive. These well-equipped automobiles are economically priced in the $17,000 to $22,000 range.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This announcement contains "forward-looking" statements. The words "anticipate," "look forward to," "believe," "will be," "estimate," "projected," "expected to" and other similar expressions as they relate to the company and its management are intended to identify such forward-looking statements. Although the company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein include those mentioned in the company's submissions to regulatory agencies.