IAS Communications, Inc. Completes Controlling Interest in Imaging Technologies, Inc.

Business Editors/Technology Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 22, 2001

IAS Communications, Inc. (OTCBB:IASCA) wishes to announce that an agreement to purchase a 60% interest in Imaging Technologies, Inc. for 1,000,000 shares of IAS Communications, Inc. has been successfully negotiated subject to a 30 day due diligence time frame. These shares represent 60% of the total outstanding shares of Imaging Technologies, Inc. (a private Washington corporation).

Imaging Technologies, Inc. owns 100% interest in Sovo Computer Center ("SOVO") http://www.sovo.net, a 20-year-old computer service and supply company located and doing business in Greater Vancouver, B.C., Canada. SOVO has developed into a leading supplier of computer hardware and software solutions to the business community and government institutions. SOVO is an authorized dealer of Xerox, AST, Novell, Hewlett Packard, Compaq, Cisco, Seanix, Microsoft, Toshiba, Supercom, IBM and several other companies in the computer business.

Imaging Technologies, Inc. also plans to be involved in the wireless broadband technology through its recent acquisition of Airstream Communications, Ltd., a private company incorporated nationally that is in its initial stages of offering high speed internet services to end users that are not currently serviced by other broadband mediums such as ADSL or cable.

Happy Rai, General Manager of Sovo Computer Center, states, "IAS is a perfect match for SOVO's and Airstream Communications business as IAS can have access to our computer hardware and software for their customers who will be using the IAS CTHA antenna."

ABOUT IAS COMMUNICATIONS, INC.

IAS Communications, Inc. has been developing and testing the low profile antenna technology for several wireless applications. This unique low profile antenna design can be miniaturized as small as a postage stamp and can be incorporated into several applications including, scanners (both base and hand held), AM/FM radios, CB and amateur hand-held radios, marine applications, laptop computers, GPS applications, for LAN's and PCMCIA applications and for the Bluetooth applications. Interested parties can find more about IAS Communications, Inc. on the Company's web site at http://www.iascom.com.

Statements in this press release regarding REGI's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including the impact of competitive products and pricing, the need to raise additional capital, uncertain markets for the company's products and services, the company's dependence on third parties and licensing/service supply agreements, and the ability of competitors to license the same technologies as the Company or develop or license other functionally equivalent technologies.