CDK Discloses Discussions Concerning Possible Acquisition.

Business Editors

MELVILLE, N.Y.--(BUSINESS WIRE)--Dec. 23, 2002

CDKnet.com, Inc. (OTCBB:CDKX) announced that it is actively engaged in negotiations with Western Power & Equipment Corp. (OTCBB: WPEC) and its management to acquire a portion of Western's business in California and Nevada.

Western Power & Equipment Corp. sells, leases, rents and services construction and industrial equipment for Case Corporation and 30 other manufacturers.

The transaction is subject to several conditions including the execution of a definitive agreement, the approval of both companies' boards, financing transactions including an institutional revolving credit facility, the receipt of other required third party approvals, delivery of audited financial statements of the business to be acquired, additional due diligence and compliance with applicable regulatory requirements.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the CDK's or Western Power's business, financial condition and results of operations, as well as matters of timing and the prospective terms of the transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond CDK's or Western Power's control with respect to market acceptance, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in CDK and Western Power's filings with the Securities and Exchange Commission.