To: SSP who wrote (53499 ) 7/5/2000 10:51:52 AM From: Jim Bishop Respond to of 150070 BDRY micro float, moving on low vol and news. (PR NEWSWIRE) Caring Products International, Inc. to Merge With Mirage Imagin Caring Products International, Inc. to Merge With Mirage Imaging Technology, Inc. SEATTLE, July 5 /PRNewswire/ -- Caring Products International, Inc. Seattle, Washington (OTC Bulletin Board: BDRY) announced the signing of an agreement in principal to merge with Mirage Imaging Technology, Inc. a California based company. Mirage offers lower priced alternatives to Epson and Canon label inkjet printer cartridges as well as a complete line of specialty desktop digital printing supplies for the consumer and office market. Mirage sells its products under its own brand name to large U.S. retailers such as Walmart and Target and to large original equipment manufacturer accounts. Shareholders of Caring Products will retain approximately 9 percent of the outstanding common stock post merger. The merger is subject to final due diligence, execution of definitive agreements and shareholder approval. It is anticipated that a proxy statement containing details of the proposed merger will be mailed to shareholders in August with completion in early Fall 2000. Susan A. Schreter, Chairman of the Board, said, "We are very impressed with Mirage's swift revenue growth and product leadership in several emerging markets. Low cost ink cartridges for popular ink jet printers is in great demand by consumers and businesses today. In addition, Mirage produces innovative coated paper products which enable consumers, desktop publishers and small office marketing departments to print images off the internet or from digital cameras to produce customized business presentations, greeting cards, wrapping paper, business cards, decals, CD labels and heat transfer images for t-shirts. The Company is well positioned to continue to lead industry growth with a broad range of digital printer supplies, penetrate developing European and Asian markets and acquire smaller US competitors. Mirage's skilled management team and aggressive business building objectives present enormous opportunities to increase shareholder value." Statements made in this press release relating to matters that are not historical facts are forward-looking statements. Such forward-looking statements involve known and unknown risks and other uncertainties that may cause actual results to differ materially from such statements. These risks and uncertainties, include, but are not limited to, changes in U.S. economic conditions, the Company's future cash flows, sales, operating costs; the Company's ability to recruit and retain key management personnel; competition; changes in government regulations or interpretations thereof as well as other risks detailed from time to time by the Company in its financial statements and other documents filed by the Company with the U.S. Securities and Exchange Commission. SOURCE Caring Products International, Inc. -0- 07/05/2000 /CONTACT: Susan Schreter, 213-369-7594/ /Web site: caringproducts.com (CPI. BDRY) CO: Caring Products International, Inc.; Mirage Imaging Technology, Inc. ST: Washington, California IN: CPR SU: TNM