NEWS RELEASE

For immediate release

THIRD QUARTER SALES INCREASE

Calgary, September 23, 1998 - Unaudited financial statements show third quarter Revenues of $501,000, a 19% increase from $419,500 in the same period last year, and a Net Loss of $32,200, down from Net Earnings of $23,200 last year.

The main reason for the most recent quarter's net loss is increased marketing and sales expenditures which are expected to generate higher sales in the months ahead. Perfect Fry has aggressively showcased its deep fryers at trade shows, increased national advertising and sales promotion, and increased the number of distributor and dealer locations.

Distributor & Dealer Locations, July 31	1998	1997
Canada, Europe, Australia	21	15
USA	50	26

Nine months' financial results decreased from those of last year due to an unusually strong first quarter last year and a weak first quarter this year when the company was developing the new line of deep fryers. In the six months ended July 31, 1998 Revenues increased 36% to $1,059,200, and Net Earnings 99% to $62,300 from the same period in 1997.

9 Months ended July 31	1998	1997	Decrease
Revenues	$ 1,217,211	$ 1,394,137	13%
Cash Flow from Operations	16,560	219,684	92%
Net Earnings	(77,940)	125,184	162%
per Share	(.01)	.01