To: Kevin Podsiadlik who wrote (7697 ) 3/29/2005 5:45:47 PM From: StockDung Read Replies (1) | Respond to of 12465 eFoodSafety Retains Los Angeles-Based Law Offices of Barry L. Silver to Stop Naked Short Selling of Company's Shares; Company Seeks Delisting of Shares from Berlin Stock Exchange PALM SPRINGS, Calif.--(BUSINESS WIRE)--March 23, 2005--eFoodSafety.com (OTCBB:EFSF), a company which provides effective methods and products to ensure the safety of fruits, vegetables and meats announced today that the Company has retained counsel to facilitate the delisting (removal) of eFoodSafety's common shares from the Berlin Stock Exchange. In late August 2004 and October 2004, respectively, eFoodSafety made good faith efforts on its own to have its shares delisted from trading on the Berlin Exchange. eFoodSafety believed at the time that the Exchange would cooperatively remove the shares from trading because of short selling which resulted from the posting of the Exchange's final bid which was being wrongfully manipulated by off-shore naked short sellers. As a consequence of the Exchange's continuing refusal to delist, eFoodSafety has been forced to engage counsel to protect its shareholders who are being harmed by the offshore arbitrage sales. On March 9, 2005, eFoodSafety's Century City, CA based lawyers made first formal demand on the Exchange to delist. The Exchange responded by requesting a short extension of time. Thereafter, the Exchange made request on eFoodSafety to exhaust the Exchange's internal administrative remedies before commencing legal action. In turn, eFoodSafety's counsel communicated with the listing German broker setting forth that the broker request delisting because of the continuing harm to eFoodSafety's shareholders. Negotiations with the specter of legal action are now in process involving eFoodSafety, the Exchange and the listing broker. eFoodSafety has authorized counsel to proceed with negotiations before filing an action in U.S. District Court. It is, indeed, eFoodSafety's view that a U.S. Court has jurisdiction over the matter against the Exchange, the broker, and the wrongful short sellers under principles of comity and international law. This was set forth in counsel's opening letter of March 9, 2005 which factually focused on how the systematic manipulation of the closing bid on the Berlin Exchange enables short sellers to maintain short positions in eFoodSafety through an arbitrage which encompasses the Berlin bid of 18 cents versus the NASD Bulletin Board current bid of 33 cents. This practice violates United States Securities and Exchange Commission Rules. It allows wrongful profits to naked short sellers who are not properly required to cover their trades. About eFoodSafety.com, Inc. eFoodSafety.com, based in North Palm Springs, Calif., provides a proprietary ozonation technology system that cleans and sanitizes equipment and other hard surfaces. The patented technology can also be utilized for direct application on food products. The company's Ozone Safe Food subsidiary has developed joint relationships with distributors for its ozone equipment, which reduces pathogens and provides longer shelf to fresh produce and meat. The company's Knock-Out Technologies subsidiary has developed an unique, one-of-a-kind, all-natural and environmentally safe sporocidal that eradicates anthrax, as well as a germicidal product that kills six major bacteria: E-coli, Listeria, Pseudomonas, Salmonella, Staphylococcus, and Streptococcus, and is currently undergoing testing to eliminate the avian flu virus. Please visit the company's websites at www.efoodsafety.com, www.ozonesafefood.com, and www.knockouttechnologies.com. Safe Harbor Forward-Looking Statements Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission. Contacts eFoodSafety.com, Inc. Mark Taggatz, 760-329-4304 ext.15 or Redwood Consultants, LLC Jens Dalsgaard, 415-884-0348