Compositech Ltd. Delisted from NASDAQ After Hearing; Stock to be Traded on the OTC Bulletin Board; farmbid.com Inc. Merger Discussions to Continue.

Business Editors/High-Tech Writers

RONKONKOMA, N.Y.--(BUSINESS WIRE)--Nov. 1, 2000

Compositech Ltd. (OTCBB:CTEK), a developer of high tech laminates for the printed circuit board industry, reported today that the NASDAQ Listing Qualifications Panel had determined based on the Oct. 19, 2000 hearing, to delist the company's securities from the NASDAQ Stock Market. The delisting is effective with the opening of business today. Compositech did not meet the net tangible assets/market capitalization/net income and bid price requirements. The panel believed the company's plan did not indicate it could meet the requirements within a reasonable period of time and sustain compliance over the long term.

"The company's securities that were listed on NASDAQ are eligible to trade on the OTC Bulletin Board," reported Compositech Chief Financial Officer Samuel S. Gross. "Our investment bankers assure us that we will have an orderly and active market as a Bulletin Board company," he added. "The farmbid.com merger discussions will continue. The merger will give us an exciting entry into one of the hottest sectors of the Internet B2B market. We are proceeding with all due speed to complete the merger by year end," Gross concluded.

"We have been assured by the investment bankers that they will be able to raise the funds required to conclude the merger," said farmbid.com CEO and founder Ted Farnsworth. "My main concern is doing the best for farmbid.com stockholders and Compositech as well. Our continuing merger discussions will address requalifications for a NASDAQ listing."

About farmbid.com, Inc.

A privately held company based in Fort Lauderdale, Florida, farmbid.com gave farmers their first online marketplace for buying and selling equipment, crops, supplies, pharmaceuticals and more, plus offering critical information. With the acquisition of AllAg.com, it is believed to be the largest online marketplace for everyday agricultural supplies with the availability of more than 35,000 specially priced items. The site also features a special section for FFA members, research tools and employment opportunities. farmbid.com was recently selected by Forbes magazine as one of the top 200 B2B companies. For more information, visit www.farmbid.com.

About Compositech Ltd.

Compositech Ltd. has developed innovative and superior copper-clad and fiberglass epoxy laminates used to make printed circuit boards, which are essential components of personal computers, workstations, data communications, Internet servers and telecommunications equipment. Compositech is currently engaged in locating suitable licensees, joint venture partners or purchasers for its patented technology and equipment design.

Compositech(TM) and CL200+(TM) are trademarks of Compositech Ltd.

The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-QSB for the quarter ended June 30, 2000 and its report on Form 10-KSB for the year ended December 31, 1999, may affect the results achieved by the Company.