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To: jmhollen who wrote (2477)	2/1/2005 5:22:45 PM
From: dkgross	Respond to of 4703

UIBI R/S. argh. Universal Ice Blast Inc. Announces 40:1 Reverse Split of Its Issued Stock Effective January 31, 2005 KIRKLAND, WA - MARKET WIRE - 01/31/05 Universal Ice Blast Inc. (OTC BB: UIBIE) -- The Company has announced that, effective January 31, 2005, it has reverse split issued stock by 40:1, for shareholders of record as of January 31, 2005. No money will be paid for fractional shares; any fractional shares will be rounded to the nearest whole number. Universal Ice Blast Inc.'s board made this decision after careful consideration of the recent 24 months trading of its stock. Mr. Rory Clarke, Chairman and CEO, offered the following circumstances that affected this decision: "The market has placed a valuation of the Company that does not reflect the internal valuation of the Company by its management. We believe that the capital markets should provide three important elements to shareholders and stakeholders: (i) liquidity for existing and future shareholders; (ii) reasonable and fair valuation of the enterprise; and (iii) access to cash investment by the Company for its enterprise. Despite the continued improvements in the technology and operations in the second half of 2003 and the twelve months of 2004, there was no corresponding improvement in the market price of the stock." This has adversely affected all shareholders. "This step would appear to be counterproductive and make the Company more vulnerable to short sellers and manipulation by Market Makers," says Clarke. "However, we believe we are able to attract investors at prices greater than the current valuation because of the better positioning of the technology in its worldwide markets." Recent press releases show that the Company has executed its license strategy in its major markets, and that this strategy will provide continuing progress toward profitability. Since 1995, Universal Ice Blast, Inc. has successfully developed and tested its patented Ice Blast Technology as a superior alternative for use in: Precision Cleaning (automated production cleaning/de-burring); Industrial Cleaning (fixed systems parts cleaning, petro-chemical and pulp and paper); and Environmental Cleaning (lead paint and asbestos abatement off steel bridges and building structures). The Company conducts field research with major clients and has strategic partnerships through which it licenses its technology. Headquartered in Seattle, WA, the Company operates in U.S. markets and (via European partners) throughout Europe. Copyright © 2005 Market Wire News Copyright © 2005 Interest!ALERT All rights reserved.