Lion-Gri S.R.L. Awarded Four Gold Medals at National Wine Festival; Announces Intent to File Quarterly Sales and Earnings in November 2003.

Business Editors

CHISINAU, Republic of Moldova--(BUSINESS WIRE)--Oct. 21, 2003

-Napoli Enterprises, Inc. (OTCBB:NPLE), which recently entered into an agreement to acquire Lion-Gri S.R.L., a Moldova based wine producer currently in the process of consolidating their operations, is pleased to announce that Lion-Gri was awarded 4 gold medals for its wine products "Saperavi, Pinot Franc, Feteasca, Aligote" at the National Wine Festival of Moldova. In addition to being awarded four gold medals, Lion Gri received honors from festival judges for its Cabernet, Merlot, Pinot Gri, Chardonnay wines and was further decorated with the festival's Best Presentation Award.

The National Wine Festival of Moldova was held in Chisinau, the capital of Moldova, on October 11th and 12th 2003 and is held under the patronage of the President of the Republic of Moldova, Mr. Vladimir Voronin. The festival takes places as an event to commemorate the country's National Wine Day and is aimed to promote the standards and prestige of the country's viticulture and wine-making industries as well as to attract foreign tourists to Moldova. More than 6,200 guests, corporate representatives, official delegations, and ambassadors tasted wines from 40 participating wine companies.

In terms of output and history, the Republic of Moldova is one of the more established wine producing nations of the former Soviet Union. In just five full years of operation, Lion-Gri, now ships more than 13 million bottles annually with annual sales reaching well over $10 million and has become one of the largest wine producers in Moldova. Lion Gri is one of the largest exporters of wine to the Russian market. The European wine maker has won a Gold medal earlier this year at INPEX 2003 held in Pittsburgh, Pennsylvania, and has won 32 Gold, 26 Silver and 15 Bronze Medals overall along with a number of diplomas and certificates over the past three years.

On October 15th, the Company submitted a late notification filing to the Securities and Exchange Commission concerning its quarterly financials. It is expected that the Company will submit such financial information required including the most recent information pertaining to Napoli Enterprises prior to acquisition of Lion-Gri. Please note that Napoli Enterprises was a non-operating entity prior to acquiring Lion-Gri and since inception (August 28, 2002) has generated no revenue and as such did not generate gross profits. Furthermore, Napoli Enterprises maintained no assets and liabilities, as well as had no outstanding obligations due to creditors and thus was an ideal merger candidate for the shareholders of Lion-Gri to merge with.

The Company is currently completing the consolidation of Lion-Gri into the Company and expects that combined financial figures representing this consolidation to be completed and announced in November 2003. Based on the most recently produced unaudited financials of Lion Gri, the Company expects that sales will have increased 6% for the nine month period ending 2003 compared with the same period ending 2002. This sales growth is a direct result of increases in exports to Poland and Belorussia, for the comparative period, 160% and 50% respectively. Furthermore, the Company's sales will reflect German exports equal to 160,000 bottles of wine.

About Napoli Enterprises

Through Lion-Gri S.R.L., a limited liability company in the Republic of Moldova, Napoli Enterprises produces and exports 110 varieties of wine and alcohol products throughout Russia, Denmark, Poland, Western Europe and the United States. Shipping more than 13 million bottles of wine annually, Napoli Enterprises has grown into one of the largest wine producers in Moldova. For more information about the Company, see http://nple.invrel.net

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission