Compositech Ltd. Reports Third Quarter Results.

    Business Editors

      RONKONKOMA, NY--(BUSINESS WIRE)--Nov. 16, 2000--

           Loss Reduced Under Program to License Technology;
                  Licensing Discussions Progressing;
            farmbid.com, Inc. MergerDiscussions Continuing

      Compositech Ltd. (OTCBB:CTEK), a developer of high tech
laminates for the printed circuit board industry, today reported
results for the third quarter ended September 30, 2000.
      Since Compositech ceased manufacturing operations in December
1999, it did not record any sales, manufacturing or research and
development expenses in the year 2000. The Company's year 2000
operations reflect a program of locating suitable licensees, joint
venture partners or purchasers for its patented technology. Net loss
for the three months ended September 30, 2000 was $862,490 compared
with $2,602,321 for the same 1999 period. Basic and diluted loss per
share was five cents for the third quarter of 2000, compared with 16
cents for the like 1999 quarter. The per share amount for 2000 gives
effect to an accrued preferred stock dividend of $197,598. The current
quarter's loss included non-cash items of $530,168, of which $162,931
represented amortization of the value of warrants and common stock
issued for professional services or directors' compensation. The 1999
quarter's loss included $841,066 of non-cash items.
      Net loss for the nine months ended September 30, 2000 was
$2,301,096 compared with $6,334,857 for the same period in 1999. Basic
and diluted loss per share was 13 cents for the six months ended
September 30, 2000 compared with 40 cents for the like 1999 period.
The per share amounts give effect to accrued preferred stock dividends
of $197,598 in 2000 and $15,692 in 1999. The current year-to-date loss
included non-cash items of $1,055,439, of which $382,141 represented
amortization of the value of warrants and common stock issued for
professional services or directors' compensation. The 1999 period
included $1,681,137 of non-cash items.
      "The current year's results show the reduction of overhead
resulting from converting our manufacturing operation to a licensing
operation," said Samuel S. Gross, Compositech's Chief Financial
Officer. "Our cash loss from operations for the quarter was
approximately $225,000, reflecting a reduction in the scope of our
operations."
      "Although we are no longer listed on NASDAQ and are now an OTC
Bulletin Board company, our merger discussions with farmbid.com, Inc.
are continuing," Gross continued. "This assists our financing efforts
while we continue working on licensing our technology. We recently
made significant progress in licensing discussions and we hope to make
announcements in this respect in the near future," he concluded.

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(R) and CL200(R) are trademarks of Compositech Ltd.

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.

Forward Looking Statement
      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 September
30, 2000 and its report on Form 10-KSB for the year ended December 31,
1999, may affect the results achieved by the Company.
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*T
                 COMPOSITECH LTD. FINANCIAL HIGHLIGHTS
                              (Unaudited)

                          For the Three             For the Nine
                          Months Ended              Months Ended
                    9/30/2000   9/30/1999      9/30/2000   9/30/1999


Revenues         $        --  $   305,797    $        --  $   550,213

Net (loss)       $  (862,490) $(2,602,321)   $(2,301,096) $(6,334,857)

(Loss) per
  common share
  basic and
  diluted        $     (0.05) $     (0.16)   $     (0.13) $     (0.40)

Shares used
 in computing
 net (loss)
 per share        20,120,305   16,608,458     19,376,324   15,681,582


    --30--eg/mi*

    Contact:  Compositech Ltd., Ronkonkoma
              Samuel S. Gross, CFO, 631/585-7710
              [e-mail]
              or
              Investor Relations Services, New Smyrna Beach, FL
              Dan Kinnison, 904/409-0200
              [e-mail]
              or
              Media Contacts for farmbid.com
              Radley Moss, 954/426-5127
              [e-mail]
              Lisa Buyer, 954/426-5127
              [e-mail]

    KEYWORD:  FLORIDA NEW YORK
    INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET
TELECOMMUNICATIONS EARNINGS