Energy Visions Inc. Agrees To Acquire Interest In Pure Energy Inc.

Business Editors

OTTAWA--(BUSINESS WIRE)--April 16, 2002

Energy Visions Inc. ("EVI") (CDNX: "EVI.S" and NASD OTCBB: "EGYV") announced today that it has signed an agreement to purchase 1,000,000 preferred shares of Pure Energy Inc. ("PEI") at a price of Cdn. $1,000,000, to be paid by the issuance of 1,000,000 EVI common shares at a price of Cdn. $1.00 per share. The issue of such EVI common shares is subject to the approval of CDNX. These preferred shares are convertible into common shares of PEI and together with additional PEI shares that EVI may purchase pursuant to a four month unconditional option, when combined with PEI shares currently held by Wayne Hartford, the principal shareholder of EVI, will constitute a controlling interest in PEI. EVI intends to proceed with exercising the foregoing option subject to raising the capital necessary to do so and receiving formal approval from Nova Scotia Business Inc. ("NSBI") for a PEI debt restructuring proposal that has been structured by EVI, PEI and NSBI.

PEI owns 100% of Pure Energy Battery Inc. ("PEBI") which company operates a technologically advanced manufacturing facility in Amherst, Nova Scotia, and has a capability of making more than 100,000,000 batteries annually. EVI's proprietary Nickel Zinc batteries can be manufactured on PEBI's equipment with some modifications. The Amherst plant has sufficient capacity to meet forecasted sales of both Pure Energy's existing products and EVI's Nickel Zinc batteries for several years to come. It is intended that the acquisition of control will take place within the next three or four months.

Wayne Hartford, President & CEO of EVI, expressed enthusiasm for this unique opportunity, "We've been a big fan of Pure Energy and it's RAM(TM) technology for a long time. By adding our Nickel Zinc technology to the mix, we are confident we can help grow Pure Energy into a significant worldwide battery player. The manufacturing facilities in Nova Scotia are world-class, the RAM(TM) product is proven, and the market is ready. Our Nickel Zinc battery is targeted at the rapidly expanding OEM market while the RAM(TM) product is sold primarily as a consumer product and already has distribution in many of the leading battery retail outlets. The marriage of the two groups provides a synergy that is ideal for EVI during its transition from an R&D company into an operating business."

Grant Hartley, CFO of PEI, echoed the comments, "I believe Pure Energy is well positioned for profitable growth. We forecast revenues in excess of Cdn. $8,000,000 in the current fiscal year before considering the contribution by EVI. We are excited about developing fuel cell battery packs with EVI's Nickel Zinc battery technology. We feel we can complement EVI's impressive array of R&D capabilities and our team in Amherst, Nova Scotia, is keen to initiate production trials on Nickel Zinc batteries. I believe the combined manufacturing, marketing and technical strengths of our organizations will yield immediate results and will help accelerate the commercial application of EVI's methanol fuel cell technology."

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 Canadian Venture Exchange nor NASD OTC Bulletin Board have reviewed or accept responsibility for the adequacy or accuracy of this release.