Blue Ribbon and Goldstar International Announce Merger.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 21, 2003

Blue Ribbon International, Inc. (OTC:BLRB) Chairman and Chief Executive Officer George H. Levy has issued the following announcement:

"Blue Ribbon International, Inc. has completed final negotiations with Goldstar International, Inc. culminating with an agreement to merge both companies, via exchange of common stock, and conduct future business as 'Blue Ribbon-Goldstar International, Inc.'"

Mr. Levy further stated that "The addition of Goldstar International's resource recovery (waste-to- energy), energy (hydropower), environmental (sewage and water treatment) businesses are proven, low- risk, state-of-the-art technologies that improve and enhance the environment while providing high yield returns and after tax profit based on revenues from development and management fees and the sale of steam and electricity, water, and services. Currently, Goldstar's waste-to-energy business unit has signed contracts with a value of $205 Million for waste-to-energy and hydropower projects in China with an additional $600 Million worth of projects in both the final and formative stages of development. The merger significantly expands Blue Ribbon's focus to include four high value, high payoff market sectors that serve the interests of the common person: Environment, Energy, Education and Entertainment."

Note: Forward looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and services, increased levels of competition for the company and other risks.