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ETPI Projecting Solid Growth.

Business/Entertainment Editors

HOUSTON--(BUSINESS WIRE)--July 10, 2001

Entertainment Technologies & Programs Inc. (OTCBB:ETPI) announced today that its president, George C. Woods, was recently interviewed by The Wall Street Transcript (TWST), a distinguished financial information company.

The interview was conducted June 29 and was released in TWST yesterday. The interview can be read in its entirety online at www.etpinc.net.

"We are towards the end of our third quarter; the current quarter that we're operating now is going to be our strongest fiscal quarter in the last couple of years, and we expect our fourth quarter to remain strong," said Woods in the interview. "This year we're in kind of a unique position because the first six months were somewhat steady, and we had operating losses, but the last six months are going to have renewed growth and positive income. But more importantly, our projections for fiscal year 2002 forecast 27% growth, which is roughly $1 million additional revenue. In addition, we expect to generate $500,000 of net income and $1 million of cash flow, which is a tremendous improvement compared to this fiscal year."

About ETPI:

Entertainment Technologies & Programs Inc. ("ETPI"), a Delaware corporation, is strategically positioned as the provider of a comprehensive array of entertainment products and services to both military and civilian markets. ETPI is a public company traded on the NASD, OTC Bulletin Board under the symbol ETPI. The company was founded in 1978 and is currently headquartered in Houston.

For more information about ETPI visit the company's Web site (www.etpinc.net). To receive the investor newsletter: e-mail pcardwell@etpinc.net.

About The Wall Street Transcript:

TWST interviews Wall Street professionals and corporate leaders, which help them bring the views of stock market insiders to their readers. For over 38 years, their question and answer format has allowed their readers to understand and interpret the meaning of an analyst or CEO's comments for themselves. Subscribers to their services include: money manager and institutional investors, individual investors, retail brokers, industry professionals, research professionals and academics and international investors. (www.twst.com)

This release includes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risks and uncertainties that could cause actual results to differ materially from any future results encompassed with the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the company's Security and Exchange Commission filings.
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Publication:Business Wire
Date:Jul 10, 2001
Words:416
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