Energy Visions Inc. Agrees To Acquire Control Of Pure Energy Inc.

Business Editors/Energy Writers

TORONTO--(BUSINESS WIRE)--Nov. 13, 2002

Energy Visions Inc. ("Energy Visions" or "EVI") (OTCBB:EGYV) (TSX Venture:EVI.S) announced that it has entered into an unconditional agreement with Rabih Holdings Ltd. ("Rabih") to acquire control of 51% of the common shares of Pure Energy Inc. ("PEI" or "Pure Energy") on or before December 16, 2002 ("Effective Date"), subject to the approval of TSX Venture Exchange Inc. ("TSXV"). The transaction was partially completed by the issuance today of the previously announced 1,000,000 common shares of EVI to Pure Energy Inc. for 1,000,000 preferred shares of PEI. At the Effective Date, EVI intends to convert such PEI preferred shares into 7,097,857 common shares of PEI at approximately Cdn. $0.14 per PEI common share. EVI has also entered into an agreement to purchase 6,000,000 common shares of PEI ("Additional PEI Shares") from Rabih for a consideration of Cdn. $845,328 ("Purchase Price").

The Purchase Price will be satisfied by the issue at the Effective Date of a promissory note ("Promissory Note") in favour of Rabih. Such Promissory Note will be interest free through its maturity date of the earlier of January 31, 2003 and the date of the EVI Financing (defined below) and will be secured by a pledge (the "Pledge Agreement") of the Additional PEI Shares (the "Pledged Shares"). EVI as a result will own approximately 48.1% of PEI and together with the common shares of PEI already controlled by D. Wayne Hartford, EVI effectively will control 51% of PEI. The foregoing arrangements amend previously announced arrangements involving PEI and Pure Energy.

In the event that EVI defaults in the repayment of the Promissory Note, Rabih has the sole right to sell or dispose of the Pledged Shares (without any further claim against EVI if such proceeds of realization are less than the amounts owing under the Promissory Note) or otherwise retain the Pledged Shares in satisfaction of the Promissory Note, pursuant to the Pledge Agreement.

Rabih and related companies of Rabih, at present guarantee Cdn. $3,000,000 of Pure Energy's consolidated debt to Nova Scotia Business Inc ("NSBI"). There are plans to reduce such guarantee amount, however, until it is below Cdn. $1,500,000, PEI will be administered by a Board of Directors comprising three persons, two of whom will be nominees of Rabih and one will be the nominee of EVI.

Both Energy Visions and Pure Energy are currently completing due diligence activities associated with various financing options available to EVI to obtain the requisite funds to both retire the Promissory Note and to make further investments of Cdn $1,000,000 in cash and Cdn $1,000,000 in EVI treasury shares into PEI ("EVI Financing"). Such investments will facilitate the previously announced debt restructuring plan approved by NSBI in June 2002. The ability of EVI to repay the Promissory Note and make such additional investments involves a number of risks and uncertainties and there is no assurance that such transactions will occur. The final restructuring is anticipated to be completed in 60 to 75 days. All issuances of EVI common shares are subject to the approval of TSXV.

PEI indirectly owns a manufacturing facility in Amherst, Nova Scotia with the capability of making more than 100,000,000 batteries annually. The plant currently manufactures "Pure Energy" Rechargeable Alkaline Manganese-zinc (RAM(TM)) batteries. EVI's proprietary Nickel Zinc ("NiZn") batteries can be manufactured on the existing equipment after some modifications. The Amherst plant has sufficient capacity to meet forecasted sales of both Pure Energy's existing products and EVI's NiZn batteries for several years to come. The combination of RAM(TM) batteries as consumer products and NiZn batteries for OEM applications will complement each other to expand Pure Energy's product offerings.

Mr. Wayne Hartford, CEO of EVI, stated: "The Pure Energy acquisition has been a cornerstone of our commercialization plans for several months and we are delighted that it has been advanced. We look forward to working with the Pure Energy staff and appreciate the cooperation of the current PEI equity partners who have made it all possible."

In addition to the 1,000,000 EVI common shares referred to above, EVI announces that it has issued 938,984 common shares to Alberta Research Council Inc. ("ARC") at a price of Cdn $1.2637 per share in respect of ARC services through June 30, 2002 related to EVI's Direct Methanol Fuel Cell project in Calgary, Alberta. EVI has also issued 50,000 EVI common shares to Intelligent Capital Partners Inc. in satisfaction of a debt of Cdn. $17,500 with respect to the provision of advisory services.

Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward looking statements" pursuant to Section 27A of the 1933 Act and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward looking statements" are based on expectations, estimates and projections at the time the statements are made that involve risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. There can be no assurance that such statements will ever prove to be accurate and readers should not place undue reliance on any such "forward looking statements" contained herein.

Neither the TSX Venture Exchange nor NASD OTC Bulletin Board have reviewed or accept responsibility for the adequacy or accuracy of this release.