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NEWS RELEASE - February 5, 2003 First American Scientific Corp - Update on activities in Japan In October 2002, as part of a Trade Mission sponsored by the Province of British Columbia and the Japan External Trade Organization (JETRO), FASC introduced the patented KDS technology to Japan at the New Earth 2002 trade fair in Osaka. Although attendance was lighter than at previous trade shows, over 30,000 industry representatives from Japan and elsewhere were in attendance. Assisting FASC with the presentations were representatives of Mikuniya Environmental Management Systems Inc (EMSI), a well respected Japanese environmental consulting firm and David Dungate, B.A., M. Eng., First American's newly appointed V.P.- Marketing. Positive feedback from attendees indicated the technology could have a very promising future in the Japanese environmental sector. In December 2002, Brian Nichols, President, and Dr. Sundar Narayan Ph. D, our V.P.- Research and Development returned to Tokyo to assist EMSI who were exhibiting the KDS technology at their booth at the Wastec 2002 Recycling Technology Exhibition and to present a technical report at the Canadian Embassy to a select group of 14 engineers from firms identified by EMSI as potential licensees in Japan. Subsequent to the meetings, FASC appointed EMSI as exclusive representative to identify and develop markets for our equipment in Japan. In January 2003, under the guidance of FASC, EMSI hosted on-site demonstrations in Vancouver (Cloverdale) to a short list of 5 Japanese firms who expressed serious interest in licensing the KDS technology. The demonstrations were extremely successful with all sample materials being processed into fine dry powders. These included products considered problematic in Asian markets such as oyster shells, food waste, de-ink pulp sludge, seaweed, waste/recycled glass, chicken waste and other specialty products. "We have certainly attracted some serious interest here, and have clearly shown the value and potential of our technology to Japan." says Brian Nichols. "We are confident that our association with EMSI will help open up the Asian markets to the KDS." To view the EMSI website, go to www.emsi.co.jp According to Mr. Dungate, "high costs of waste disposal and recently introduced legislation requiring recycling of food and industrial wastes make Japan a high potential market for the KDS technology." Mr. Dungate is an experienced international environmental consultant who received his master's degree in environmental engineering from Hokaido University-Sapporo, Japan and his Bachelors degree in Resource Management at the University of BC, Canada. He will now oversee FASC's domestic and international marketing divisions. Certain information and statements included in this release constitute forward-looking statements within the meaning of Federal Private Securities Litigation Reform Act of 1995. ON BEHALF OF THE BOARD OF DIRECTORS |