BAT International Reviews Its Year 2000 Racing Season, Present Company Status and Future Corporate Strategy.

Business Editors/Automotive Writers

CHULA VISTA, Calif.--(BUSINESS WIRE)--Oct. 23, 2000

BAT International, Inc. (OTC:BAAT ) (www.baat.com) completed the year 2000 racing season with some impressive statistics.

The first race of the season for the BAT TVT race car was the infamous Pikes Peak hill climb. The TVT race car performed well during its practice runs but its powerful state of the art engine tore up its transmission during the practice run (see press release July 10, 2000). In the second hill climbing race at Cripple Creek, Colorado the TVT race car experienced a rocker arm failure and ran the race on seven cylinders. Even with only seven cylinders operating the vehicle won third place, only 3.6 seconds behind first place (see press release August 3, 2000). During the third race the TVT car experienced a scavenger pump failure halfway through the race which affected its top end performance. However, it still managed to capture second place only 1/2 second behind the winning car.

BAT International is looking forward to a winning race season in six races scheduled in 2001. The TVT race car provides an ideal opportunity to showcase existing and newly developed technologies for improved lubrication, increased engine horsepower, flatter torque curves and other innovations. Automotive technologies are typically showcased in the racing world first because it is a demanding environment to test the technology and provides great publicity for the technology if the car wins. BAT will be incorporating some improvements to the vehicle including a Dolphin Pulse Charged engine, an improved TVT lubrication formula, high power batteries and other innovations.

BAT International is a holding company with various equity (stock) positions in other technology companies. BAT uses opportunities such as the TVT race car, industrial offset programs, conferences, meetings and trade shows to showcase technologies of subsidiary companies. In addition, BAT provides engineering and research and development assistance to insure the technologies are highly competitive and provide superior market value. Each of BAT's affiliated companies is now quickly moving to production and marketing of a variety of products that will enter the market in 2001 including the following:

-- Dolphin ACI: Emission control and fuel economy technology for diesel & gas
engines, new or rebuilt engine technology

-- SuperBAT: Anti-friction metal treatment to improve engine & machinery life
and increase fuel economy of vehicles

-- Ultra Force Battery Co.: Joint venture battery manufacturing facility in
Hyderabad, India, producing fiber nickel electrode batteries

Electrobike: Distribution of Electric Bicycles

Our certified financial statements have been filed with Standard & Poors. Details about BAT's financial and equity positions in the companies above can be obtained by looking at financial statements that are posted at our web site (www.baat.com). BAT's web site also contains "Management Notes & Comments to the Financial Statement" which provides further information that details many issues that have affected BAT over the last year. This includes the following:

-- In December, 1999, BAT had multiple lawsuits filed against the

company from a previous consultant. Defense of these lawsuits has

required keeping a low profile and using significant

administrative resources. BAT counter-sued and reached an out of

court settlement on these lawsuits in August 2000 without

compensation to either party.

-- SEC's "request for documents" in 1998 was finally cleared up with

no action taken by the SEC in June,'99

One question often brought up by interested parties and stockholders is how BAT maintains operations and finances activities. In the management comments, the Company states that over $1.7 million was spent in 1998 and $700,000 in 1999 on research and development activities alone. BAT continues to make significant investments in research and development in the year 2000. In addition, there is information concerning the Company's "operating loss carry-forward" which now totals over $6.7 million. An operating loss carry-forward is an asset that can be used to offset future taxable income.

In summary, BAT has successfully bridged a difficult period and emerged intact. It has managed to continue all of its research and development programs which are now being accelerated due to increased management and financial resources. This will permit BAT to work with its affiliated companies to move from research and development to production and marketing in 2001.

BAT International is organized as a holding company with major ownership positions in a set of subsidiary or affiliated companies now commercializing advanced automotive technology products developed by BAT over the last seven years. This includes electric bicycles and scooters, super-efficient or high power engines, advanced batteries and lubricant additives, (for information, see www.baat.com). Information about trading prices and volume can be obtained at several internet sites including www.bloomberg.com or www.stockmaster.com under the ticker symbol "baat".

This press release contains forward-looking statements that should not be used to make an investment decision. Please refer to our web site and other sources for more detailed Company information (Investor Relations, 619/409-8977).