Modern MFG Services, Inc. and Subsidiary Integrated Maritime Receives Military Hardware Export License for Sale to Brazil.

Business Editors, Military Writers

SILVERDALE, Wash.--(BUSINESS WIRE)--Jan. 13, 2003

Modern MFG Services, Inc. (OTCBB:MMFS) and its wholly owned subsidiary: Integrated Maritime Platforms International, Inc. (IMPII) has been issued a US Government Export License to conduct sales of Underwater Acoustic Ranges and support watercraft to the Brazilian Navy.

The Company is working with the Von Suckow Trade Group: an International Naval Project Management group based in Rio de Janeiro, Brazil. The Von Suckow Group will provide marketing and sales support in Brazil, Argentina, Chile, and Columbia for Modern's multi-mission multi-modular rigid hull inflatable boat line (RHIB).

Through the Von Suckow Trade Group, serving as the Brazilian in-country agent, the company is anticipating conclusive action resulting in a significant sale to the Brazilian Navy. Technically specific electronic equipment, waterborne training, and procedural maintenance are included in implementing three acoustic torpedo test ranges built to US Navy specifications. Application specific support watercraft will be designed, built, and supplied by Modern MFG Services, Inc.

A delegation from Brazil has visited the Underwater Acoustic Test Range Facilities near Vancouver, BC. A return delegation from the US Navy is required to travel to Brazil to conduct a site visit and finalize the demographic and technical specifications for the installation of the three acoustic torpedo test ranges. While inspecting existing ranges, the Brazilian delegation received a demonstration of the typical watercraft that will be used for range services. Modern will discuss the parameters required to develop a uniquely capable RHIB-based craft for launch and recovery of test units.

The Company's proposed sale of these acoustic torpedo test ranges is estimated at approximately $3 million each (total $9 million), without watercraft. Requiring several RHIB watercrafts for each range increases the total project by $7,200,000 approximating potential sales of $16 million, deliverable over next two years. Under the proposal, IMPII would provide the RHIB watercraft, and the Company would procure the acoustic torpedo test ranges either directly from the U.S. Navy or U.S. Navy technical contractor, both to be exported under the provisions of the permit specially granted for such sensitive military type hardware and related technology.

ABOUT MODERN MFG SERVICES INC.

Modern MFG Services Inc., through its wholly owned subsidiary: Integrated Maritime Platforms International, Inc., is the designer, developer, and manufacturer of a unique high-speed, long-range multi-mission coastal patrol craft with interchangeable mission modules. An array of specific mission modules can be removed and replaced in 30 minutes or less, providing environmental, commercial, and military clients worldwide. Our flexible multi-mission system performs exceptionally well in open ocean, riverine, and littoral environments.

Safe Harbor Statement:

Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believes," "may," "should," or "anticipates," or the negative thereof or given that the future results covered by such forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.