ICTK Completes Tests Of ``Collider'' Technology In Kuwait.

Business Editors

TULSA, Okla.--(BUSINESS WIRE)--July 10, 2001

International Cavitation Technologies, Inc. (OTCBB:ICTK) announced today that Kuwait's new Petroleum Research and Studies Centre in Al-Ahmadi has now completed laboratory tests of the Company's patented technology for four specific applications, including enhancement of water flood "sweep efficiency."

"The fact that these important independent tests concluded as we had initially predicted is very gratifying," said ICTK President Monroe A. Ashworth III. "ICTK has been invited back to start expanded field testing, which should start sometime in September. We anticipate that successful field testing will be followed by the initial purchase of our ion collider units in Kuwait. Once implemented, we anticipate initial treatment of 500,000 barrels of water per day at approximately 60 injection wells in the Kuwaiti oil fields. The expected sale of colliders, along with our technical assistance, is expected to represent nearly $14 million in revenue for the company," Ashworth continued.

The "Ion Collider" technology is a mechanical cold catalyst which carries its own patent for crude-oil enhancement, utilizing cavitation and sonification to permanently change the molecular structure of organic fluids and gases. International Cavitation Technologies Inc. owns the patents and the worldwide rights to proprietary technology with a vast array of applications, including enhanced oil and gas production, dredging, environmental remediation, separation, waste minimization, wastewater treatment, air conditioning and a variety of oil-field applications. The Ion Collider(TM) technology has proven its ability to remove contaminants from a variety of matrices in significantly less time and at lower costs than traditional environmental technologies. Additional information concerning ICTK can be found on the Internet at www.IonCollider.com.

Universal Environmental Technologies, Bahamas, Ltd. ("UET"), is an ICTK licensee with exclusive rights to market the Company's Ion Collider(TM) technology in Kuwait.

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and information currently available and are believed to be reasonable and are made in good faith. However, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the statements. Factors that may make the actual results differ from anticipated results include, but are not limited to, economic conditions; competition from other providers of similar products; and other uncertainties, all of which are difficult to predict and some of which are beyond control of ICTK. For these reasons, you should not rely on these forward-looking statements when making investment decisions. The words "expect," "believe," "project," "anticipate," "intend," "should," "could," and variations of such words and similar expressions, are intended to identify forward-looking statements. Information on factors that may affect the business and financial results of the Company can be found in filings of the Company made with the SEC. We do not undertake any obligation to update publicly any forward-looking statement, either as a result of new information, future events or otherwise.