Entheos Technologies, Inc.: 2001 Annual General Meeting of Shareholders.

Business Editors

RICHMOND HILL, Ontario--(BUSINESS WIRE)--July 18, 2001

At the Annual General Meeting of Entheos Technologies, Inc. (OTCBB:ETNI) held on July 12, 2001, shareholders of the Company voted on the election of Kesar S. Dhaliwal, Herdev S. Rayat and Harmel S. Rayat to the Board of Directors, appointed Clancy and Co PLLC as the Company's independent auditor for the fiscal year ended December 31, 2001 and approved the Company's 2001 stock option plan, with 20,000,000 common shares reserved for issuance thereunder.

Additionally, shareholders approved a recommendation for a twenty five to one reverse split in the Company's common shares, with the record date being July 30, 2001.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and is subject to safe harbor created by these sections. Any statements that express or involve discussions with respect to predictions, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact an may be "forward looking statements. Forward looking statements in this release may be identified through the use of such words as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties, including the Company's ability to market its products and services in a competitive environment as well as other factors set forth in the Company's filings with the Securities and Exchange Commission.