Environmental Technologies, Inc. Declares Dividend


TUCSON, Ariz., June 8, 2004 (PRIMEZONE) -- Environmental Technologies, Inc. (Pink Sheets:EMTI) is pleased to announce that its Board of Directors has voted to declare a dividend as it reorganizes its corporate structure with a view to maximize its growth potential and enhance shareholder value.

With the original basis of the Company being environmentally related technologies, and in view of the response to unrelated security products such as the Computer Guard, Kinder Finder, Elder Finder and Elder Guard, the Board of Directors has determined that these products are best marketed under a separate entity. This will allow the holding company -- Environmental Technologies, Inc. -- to concentrate on environmental projects, while the continued development and commercialization of cutting-edge security technologies and products will proceed in a separate entity whose name more accurately reflects its business and its mission ... Finderguard Technologies, Inc.

A principal feature of this reorganization is to spin-off, to the shareholders of record of Environmental Technologies, Inc., ONE (1) common share and FOUR (4) non-transferable preferred shares, for each FOUR (4) shares of EMTI held on the Record Date, to an entity known as Finderguard Technologies, Inc. EMTI shareholders of record -- Record date for the dividend is set for August 31, 2004 -- will receive 1 share and 4 non-transferable preferred shares for every 4 shares owned of Environmental Technologies, Inc.

Concerning the reasons for these corporate actions and the positive effect that Management and the Board of Directors expects they will have, President Harold Clifford noted, "With the considerable potential we are witnessing in the Computer Guard and other related security products, it has become increasingly evident that it is in the best interest of the Company and its shareholders to assist taking this entity public under a separate identity and continue to pursue environmental opportunities under the existing entity. This will allow both public entities to pursue acquisitions of technologies and aggressive corporate growth in their respective fields and, when appropriate, to use its stock as currency for acquisitions, as well as enhancing their abilities in hiring key personnel and seeking additional financing alternatives."

ABOUT ENVIRONMENTAL TECHNOLOGIES -- Products currently being developed for specific market applications, (to be encompassed in the activities of the proposed new entity -- Finderguard Technologies, Inc.) include short and long-range detection devices that can be hidden in clothing, or on valuables, and that will emit signals to loved ones or owners of articles. The Company's first product to have come onto the market, Computer Guard, protects a laptop or desktop computer user's information by rendering the computer useless whenever the authorized user is away from the machine. Laptop computer theft has emerged as an international epidemic in recent years.

In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, EMTI notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, EMTI wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future.



            

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