Aubryn International Announces Spring Water Earnings Potential; Revenues Approximately $8 Million From Gorman Property.

Business Editors

UPLAND, Calif.--(BUSINESS WIRE)--Aug. 14, 2001

Aubryn International Inc. (ARBN) today announced that an additional testing was conducted on the spring water site. These tests were on the volume and quality of water in the springs.

On Thursday, Aug. 9, 2001, representatives from the Drilling Co. and an independent water specialist were accompanied by Aubryn executives to survey the water on the Gorman Property. Their results confirmed those of the National Testing Laboratories, and qualified the Gorman Springs for the designation of "National Spring Water." The tests estimated the consolidated water flow to be approximately 500 gallons per minute, or 720,000 per day.

R. Bruce Harris, CEO of Aubryn stated: "With the estimated flow rate of the springs, the potential annual revenue from this property alone is approximately $7.9 million. By selling to wholesalers, Aubryn will be able to have almost 100% gross margin on our spring water business, due to the fact that the wholesalers pay to maintain the property and the costs associated with the extraction of the water."

The designation of "Natural Spring Water" can only occur if the TDS (Total Dissolved Solids) count of the water is 500 or less. Several of the Gorman Springs had a TDS count ranging from 75-220 TDS. The average for the entire property is 90 TDS, which is extremely positive for the company.

Harris continued, "The Gorman Springs are proving to be an extremely beneficial revenue stream for the company. With Aubryn's ownership being 60%, which translates into approximately $5 million per year from these springs. Those revenue numbers are based off of a conservative, and competitive pricing to our wholesalers. Other companies are charging as much as $0.07 per gallon and we are pricing at approximately 50% less than our competition."

Selected Unaudited Pro Forma Statement of Operations

Pro Forma Net Revenues                               $4,730,400
Cost of Revenues                                          5,000
Gross Profit                                          4,725,400

Operating Expenses                                      120,000
Pro Forma Income Before Taxes                         4,605,400

    The estimated Market Capitalization for Aubryn, based solely on
the Gorman Springs and 10 times earnings is $46 million or $2.30 per
share.

This news release contains statements relating to future plans, events or performance that involve risks and uncertainties. The Issuer's expectations among other things are dependant upon general economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, as well as other uncontrollable or unknown factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Aubryn undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.