Beres Industries, Inc. Completes Conversion of Manufacturing Facility.

Business Editors

LAKEWOOD, N.J.--(BUSINESS WIRE)--Dec. 4, 2001

Beres Industries, Inc. (OTC BB: BERS) announced today that it has completely converted its manufacturing facility to the production of five-gallon plastic pails.

In accordance with its business plan, Beres Industries began the conversion in February 2001. At that time, it was decided that the market for five-gallon plastic pails was much stronger than the custom molding market, which Beres was serving. In order to increase shareholder value and maximize revenue streams, Beres committed itself to the manufacture of five-gallon plastic pails.

"We are very excited about the completion of our conversion project," said Joel Schonfeld, Chairman. "This conversion allows us to compete in a wide range of markets, and will provide long term stability to the company, and maximum value to shareholders."

Beres Industries has received an industrial development bond from the Lakewood (New Jersey) Industrial Development Corp. This loan has allowed Beres Industries to automate its production line, which will decrease production time and increase profitability.

Beres Industries, founded in 1960, is a premier manufacturer, distributor, and wholesaler of five-gallon plastic pails used in the paint and construction industries worldwide. For the three months ended September 30, 2001, Beres Industries' net sales were $1,546,000 as compared to $288,000 for the three months ended September 30, 2000, an increase of $1,258,000 or 500%.

Beres Industries expects to achieve profitability in early 2002.

Forward Looking Statements

Matters discussed in this news release contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements such as statements of the Company's plans, objectives, expectations and intentions involve risks and uncertainties. Statements containing terms such as "believes", "expects', "plans", "intends", "estimates", "anticipates" or similar terms are forward-looking statements. Such forward-looking statements are subject to risks and uncertainties which could cause the Company's actual results to differ materially from those discussed in the forward looking statements and from historical results of operations. Factors that could contribute to or cause such differences include the following: economic and market factors affecting the Company and/or its customers, the impact of competitive products and pricing, product demand and market acceptance, reliance on a limited number of key suppliers and dealers, our ability to obtain additional working capital from operations and/or other sources as required or otherwise desired, our ability to manage growth and implement our business strategy, which includes possible acquisitions and their integration into our operations, fluctuating operating results and other risks discussed from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), which can be accessed at the SEC web site, www.sec.gov.