International Cavitation Technologies, Inc. Announces Technology Licensing Kick-Off.

BIXBY, Okla.--(BUSINESS WIRE)--Dec. 17, 1998--

Successfully Completed Project for the Government with

Newly Patented Soil Remediation Technology

International Cavitation Technologies, Inc. ("ICTK") (OTC Bulletin Board Symbol: ICTK) announced the successful completion of a project for the United States Government in Key West, Florida by the Company's first licensee.

That licensee, Big Blue, Inc. (an affiliated company) of Bixby, Oklahoma, utilized newly-patented soil remediation technology licensed from ICTK. Big Blue, Inc. subcontracted with Dismantlement and Environmental Management Company, West Seneca, New York, to remediate approximately one thousand (1,000) tons of jet fuel and bunker fuel contaminated soil. The job was successfully completed, on site, with the treated soil having met clean fill standards and having been replaced in the excavated hole.

David Shroff, President of International Cavitation Technologies, Inc. said, "We were delighted to see our technology successfully utilized on the government project. It couldn't have come at a better time in our development. We are currently emerging from a developing technology into a full-fledged licensing and operating company and are now focused on commercializing our technology for two specific applications: soil and dredge remediation. Although the job was small by our standards, it was significant because of the credibility associated with it. This governmental project was an opportunity to showcase our technology to key companies who could become potential licensees of our technology or potential partners with us and to educate key individuals who could direct licensing or partnership interest our way. They were able to observe the work being completed to EPA standards and the more stringent levels required by the State of Florida. The remediation was handled quickly, efficiently, cost effectively, and on site, as a result of our technology. Since the completion of this job, we have received multiple inquiries regarding our technology, licensing, and partnership opportunities."

ICTK owns patents and worldwide rights to a unique device which it has named the "Ion Collider." The Ion Collider is designed to promote "cavitation" or "hot spot" chemistry which produces a molecular change in organic fluids and gases. The newly-patented soil remediation process used on the government project is a unique chemical reduction and oxidation technology and, when used in conjunction with the Ion Collider, can treat large volumes of contaminated soil on location at high treatment rates (100 tons/hr.) and is extremely cost effective when compared to industry accepted methods. Within hours after treatment of soils, the hydrocarbons are converted to CO2 and water, completing the organic cycle. The process is unique and significant environmentally in that it meets stringent air and water quality standards. The resulting soil is a rich humus that can be used as potting soil.

The effectiveness of ICTK's technology at reducing contaminated levels has been proven on sand, soils, clays, and dredge materials in the past. The process has been used in areas throughout the midwestern and southern United States including:

- The Miami International/Opa-Locka Airport clean-up where the

technology was used to remediate over 60,000 tons of soil

contaminated with diesel fuel, Jet-A fuel, and other compounds in a

full-scale processing plant.

- At the Wilton Planting Site, in Convent, Louisiana where the

technology was used to treat "gumbo," a sticky, gummy,

contaminated mixture of clay and silty clay with a high

moisture content and where the company's technology in the form

of ionized water showed a unique ability to attack the clay

matrix, break it apart, and free the absorbed contaminates,

which were then destroyed or rendered less mobile by the ION

solution.

- In Puerto Rico, where the technology was utilized on oil spill

contaminated beach sand and dredges from the bay. The technology

was able to greatly reduce oil contamination in sands, recover

significant amounts of spilled oil for recycling, and produce clean

water suitable for discharge. The cleaned dredges were replaced in

the bay, and aquatic life has since flourished.

- In Oklahoma on underground storage tanks (USTs). According to

a recent article in The Tulsa World under the EPA guidelines

established nearly 10 years ago, operators of underground

storage tanks have but a few days, until December 22, 1998, to

comply with EPA standards or possibly face fines of up to

$11,000 per day per tank. The article indicates that in

Oklahoma, Louisiana, and Texas alone, there are still several

thousand sites that need to be remediated. "We have recently

remediated several USTs in Oklahoma," said Bill Rippetoe,

co-inventor of the technology and Secretary/Treasurer of ICTK.

"Our technology and process have been proven to be very

effective on USTs because of their ability to allow remediation

on site and save fees associated with conventional methodologies

such as expensive trucking, burning, and tipping fees. Such

environmental concerns and government mandates open up huge

opportunities for our company, and as we begin to make a name

for ourselves, we believe that our technology could become an

industry accepted choice."

Big Blue, Inc., the Company's first licensee, has used the technology to the satisfaction of such agencies as the United States Environmental Protection Agency (EPA), the Florida Bureau of Petroleum Storage Systems, and the Louisiana Department of Environmental Quality (DEQ). The successful reduction of contaminates has led to acceptance of the process in the states of Florida, Louisiana, and Oklahoma.

ICTK, through its wholly owned subsidiary, now owns five patents which are all related to the science of hot-spot cavitation driven chemistry and which have a variety of applications in various industries. Not only do the patents address the removal of hydrocarbons from soils, they also deal with separating particles from liquids, water clarification, increasing the amount of hydrocarbons from underground reservoirs, and enhancing the recovery of crude oil.

International Cavitation Technologies, Inc. is a technology company engaged in the discovery, development, and commercialization of technologies with immediate applications for environmental remediation and natural resource enhancement.

ICTK - Innovative technology for a better quality of life.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.