Poseidis Announces Major Technical Improvement on Plant Site and Renewed Support from Local Authorities.

Business Editors

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--April 6, 2004

Poseidis Inc. (OTCBB:PSED) announced today the beginning of a new development phase for the construction of its production and bottling unit located at the source La Troliere, in the center of France.

In order to meet the highest quality standards specifications enacted by DDASS and AFSSA, the French equivalent of Food and Drug Administration, Poseidis started some major improvements of its technical installations at the source; new F3 drilling equipment with enhanced pumping and quality controls with the capacity to support the yearly production of 70 millions liters.

These developments, in compliance with the engineering specifications edited by SIDEL Inc., the worldwide leader in the manufacturing of mineral waters bottling units, which should be completed by the end of June, will allow Poseidis to obtain a state-of-the-art production unit, cumulating the most precise quality control devices, maximized frequency filling units, flash pasteurization tools, controlled carbonation, water treatments and natural flavoring dispensers. This equipment will provide the most flexible and technologically advanced production unit for the company, in order to develop its full range of high quality mineral water products, including gastronomy water "Montespan" and naturally flavored "Athenais Night Water."

The next phase will be the construction of a double water line, totaling 5,600 feet, to carry the extracted water from the source to the water treatment and bottling unit.

Concomitantly, Poseidis SAS France, a 100% French subsidiary of Poseidis Inc., has been given renewed support by 17 mayors of local collectivities and municipalities, who confirmed their engagement in the current development and created a workgroup to finalize financial involvements, local aids and subsidies for the completion of the project.

About Poseidis Inc. -- Poseidis Inc. develops and controls a naturally sparkling mineral Water Source, La Troliere, and its exclusive products, Montespan, known since the seventeenth century for its outstanding qualities in terms of purity, composition and sustainability over time.

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.