CALCOL's Kaplan Leads Formation of New Chinese Agriculture School in Zhuhai.

Business & Education Editors

CLEVELAND & BEIJING & ZHUHAI, China--(BUSINESS WIRE)--Nov. 6, 2002

CALCOL INC. (OTC:CLCL) Chairman and President Norman C. Kaplan has received a request from Dr. Dai Jia Gan Vice Chancellor of the Beijing Normal University of Beijing, China asking Mr. Kaplan to lead a committee for the formation of a new major School of Agriculture on the University's Zhuhai Campus, expected to be the leading School of Agriculture in China, a nation of more than 900 million farmers and agricultural workers.

In a letter dated October 30, 2002, Dr. Dai states: "Dear Mr. Kaplan, The world-renowned Beijing Normal University, with its 100th anniversary this year, is seriously interested in developing a new School of Agriculture in the Special Economic Zone in Zhuhai, China. As such, we would like to ask you, Chairman Norman C. Kaplan of Calcol Inc. and Chairman of Sanhe Meile Soft Drinks Co. Ltd. the founder of the Norman C. Kaplan Fund of Water Resource Management of the Hebrew University of Jerusalem; Mr. Ji Jun, President and General Manager of Sanhe Meile Soft Drinks Co. Ltd., and Vice President, Calcol Inc.; Professor Gong Shaopeng of Beijing Foreign Affairs College and Director- General of Beijing Center of Jewish Studies, and your good friends in Israel, including the Dean -Emeritus of the Faculty of Agriculture of the Hebrew University of Jerusalem Dr. Yona Chen, to help us to develop a program for the Beijing Normal University School of Agriculture in Zhuhai and to advise us on the selection of a faculty and Dean of International Renown, and to help us to build the world-famous Agriculture School. We would like the Chairman Kaplan, Mr. Ji, Professor Gong, and Dr. Chen to be members of the Committee for the formation of the Beijing Normal University School of Agriculture in Zhuhai and to advise us. Please let us known as soon as possible if you and your friends are available to serve on the committee for the future advancement of China agriculture. Thank you for your help and consideration. Sincerely yours, Dr. Dai Jia Gan, Vice Chancellor, Beijing Normal University, Beijing."

Since 1981, CALCOL's Chairman Norman Kaplan has been a leader in important humanitarian efforts to modernize China's education, science, agriculture, and medical fields, initiating and sponsoring many programs and exchange visits between China, Israel, and the United States by leading medical, physical, and agricultural scientists. The Norman C. Kaplan Fund in Water Resource Management was founded by Mr. Kaplan in l988 at the personal request of the late Chancellor and President of the Hebrew University of Jerusalem Ambassador Abraham Harman, endowed by Mr. Kaplan with a gift to the Hebrew University of 2 million shares of CALCOL INC. common stock and other donations. The Kaplan Fund sponsored the visits of a delegation of Chinese irrigation scientists led by Professor Gao Rushan and reciprocal visits of delegations of Israeli agricultural scientists led by Professor Yona Chen of the Hebrew University which led to the breakthrough in the opening of diplomatic relations between China and Israel in 1992. Two articles describing Mr. Kaplan's more than 20 year role in the breakthrough in the opening of diplomatic relations between China and Israel have been published, one in the Cleveland Jewish News on January 24, 1992, "Shaker Heights, Israel and China" by Cynthia Dettelbach, Editor http://www.calcol.com/page18.html, and the other in the China Judaic Studies Journal in 2002, by Professor Xu Xin, School of Foreign Studies, Nanjing University, Nanjing 210093, China, http://www.ubalt.edu/kulanu/kaplan.html. Mr. Norman C. Kaplan's biography appears in the Marquis Who's Who in America. Norman Kaplan currently serves on the Board of Global Advisors of the John F. Kennedy School of Government at Harvard University. On May 1, 2002, Norman C. Kaplan and CALCOL INC. were one of two principal sponsors of a Harvard University Kennedy School Forum "Undermining Terrorism."

BACKGROUND CALCOL INC.

CALCOL INC. owns and operates Sanhe Meile Soft Drinks Co. Ltd. which is 80%-owned by CALCOL and 20% owned by the China National Food Industry Corporation. The cooperation, which began in l995, is licensed for thirty years until September 13, 2025 on a 40,000 square meter site in Sanhe, a suburb 34 kilometers due east of Beijing on the JingHa Highway.

MALIBU FLAVOURS, CALCOL's soft drink concentrate plant, located at the 40,000 square meter Sanhe site in Beijing, China, began operations in late 2001. Malibu Flavours and Sanhe Meile Soft Drinks Co. Ltd. are fully approved and licensed by the Chinese government to produce soft drink concentrates, syrups and finished bottled beverages under our own Chinese trademarked brandnames of MALIBU-COLA ("MEI-LE-BAO") and other bottler brands in China.

CALCOL INC. introduced MALIBU-COLA to the Chinese market in August 2002 and this past month introduced two new flavors MALIBU SUNRISE ORANGE and MALIBU SURF'S UP LEMON-LIME. The Company plans to introduce MALIBU VERY CHERRY COLA, MALIBU LEMON-SQUEEZE, and MALIBU SPARKLE APPLE for Chinese New Year's February 2003.

CALCOL's independent bottling plant will manufacture for the enormous Chinese soft drink market of 1.3 billion customers MALIBU-COLA, MALIBU SUNRISE ORANGE, MALIBU SURF'S UP LEMON-LIME, MALIBU VERY CHERRY COLA, MALIBU LEMON-SQUEEZE, MALIBU SPARKLE APPLE, MALIBU SUN-TEA, and MALIBU SPRINGS (bottled water). All are China and US trademarks pending owned by CALCOL INC.

Sanhe Meile Soft Drinks Co. Ltd., CALCOL's bottling plant, expects to have an annual on-site production capacity of 10-20 million standard cases (with greater production capacity possible through contract packaging arrangements with other bottlers) of finished PET bottles in 600 ml, 1.25 liter and 2.0 liter sizes of carbonated soft drinks, sports drinks, and fruit flavored and herbal enriched ice tea products and bottled water. CALCOL plans to build additional plants in the Shenzhen and Shanghai areas under its Chinese business license.

China is now the third largest consuming market for soft drinks in the world. Half of the bottling companies in China are independent local bottlers. CALCOL holds the third business license for foreign branded soft drinks in China.

As of April 15, 2002 CALCOL has received the annual renewal of its China business license No. 0461929. The license expires September 13, 2025. CALCOL also received, on April 15, 2002, renewal of its Chinese JV Certificate of Approval, Sanitary Permit, Operating Permit, and Bar Codes for sale of finished bottled beverages. CALCOL has Chinese and US trademarks and/or copyrights pending for "MALIBU-COLA, MALIBU SUNRISE, MALIBU SURF'S UP, MALIBU VERY CHERRY COLA, MALIBU SPARKLE APPLE, MALIBU LEMON SQUEEZE, MALIBU SUN-TEA, and MALIBU SPRINGS" as well "The Taste of Real Cola" and "Real Cola Taste".

CALCOL INC. (Del.) common stock (par value $.001) trades OTC in the United States under the symbol "CLCL" (cusip No. 12869910). CALCOL INC. has 100 million common shares authorized, approximately 87.5 million common shares currently issued and outstanding; 10 million preferred shares (par value $1.00) authorized, no preferred shares issued and outstanding.

CALCOL INC. common stock involves a high degree of risk and is suitable only for accredited investors. This announcement is for information only, contains forward looking statements which should not be relied upon in any investment decision, and is not an offer to buy or sell securities.

For further information, contact: Mr. Ji Jun, Vice President CALCOL INC. and President, Sanhe Meile Soft Drinks Co. Ltd. and Malibu Flavours, Beijing East Yanjiao Economical & Technical Development Zone, Beijing China 101601. Tel: [phone]. Fax: [phone]. http://www.calcol.com.