*** UNIVERSAL ICE BLAST, INC. (OTCBB: UIBI) ***

Editors Note:

While much of the manufacturing sector was hard-hit by the downturn in the economy during the last few months, Universal Ice Blast stayed with its business plan and delivered a unit to Ford. The Ice Blast machine is working so well that UIBI has recently offered Ford quotes for additional units. At Stockupticks, we like that kind of resolve.

Universal Ice Blast, Inc. manufactures chemical-free, ice blast machines. UIBI's patented "Displace, Scrub and Flush" technology is reliable, environmentally friendly and cost effective. The process is applicable to Asbestos and Lead Based Paint Removal, Precision Cleaning and Nuclear Decontamination, with no dust and very little waste. 

Universal Ice Blast is in a late development stage and quickly moving towards becoming a full-scale production and services company. 

As manufacturing begins to restock inventory levels and the economy stabilizes, we think you'll find the Universal Ice Blast story interesting ... and perhaps the best introduction to the company is a recent letter to shareholders from the company CEO. See what you think ...
 

***  BREAKING NEWS   ***

Press Release Source: Universal Ice Blast, Inc. 
Monday September 9, 9:02 am ET 

Ford Motor Company Requests Quote for Two Additional Gear Cleaning Systems From Universal Ice Blast Request Follows Successful Installation at Ford's Sharonville, Ohio Plant 

KIRKLAND, Wash., Sept. 9 /PRNewswire-FirstCall/ -- Universal Ice Blast, Inc. (OTC Bulletin Board: UIBI - News) announced today that they have submitted a proposal to supply two more Automatic Ice Blast Gear Cleaning Systems to Ford Motor Company. Rory Clarke, Chairman & CEO of UIBI, noted that, "Funded by Ford Motor Company's Factory of the Future, our equipment has been delivered and is now operating at Ford's Sharonville, Ohio plant, a first in automotive history."

To read the complete release, Click Here
 

***  NEWS EXCERPT FROM UIBI ON SEPTEMBER 5, 2002   ***

Press Release
Source: Universal Ice Blast, Inc.
Thursday September 5, 9:00 am ET 

KIRKLAND, Wash., Sept. 5 /PRNewswire-FirstCall/ -- Universal Ice Blast, Inc. (OTC Bulletin Board: UIBI - News) announced today that its shares have been recommended in an analyst report just released by Howlett Research Corp., a prominent research boutique led by Jeff Howlett. The report on Universal Ice Blast, Inc. can be found at www.howlett-research.com

To read the complete release, Click Here
 

***  A Recent Letter To ICE BLAST Shareholders From CEO Rory Clarke  ***

Dear Valued Shareholder:

Universal Ice Blast has numerous exciting recent events to report.

Our second quarter of ’02 was our best quarter ever.  Revenue exceeded the entire prior year.  While the company has yet to achieve profitability, the high expense ratio reflects our transition from a research and development company to a marketing company and many one-time only expenses relate to this.

Our ice blast equipment is the first and only equipment of its kind.

Funded by Ford Motor Company’s Factory of the Future, our equipment has been delivered and is now operating at Ford’s Sharonville, Ohio plant, a first in automotive history.  We are especially pleased because, since the initial installation, Ford has requested proposals (RFQ) for two additional machines which, if ordered, will represent over $1 million in sales.

Equally exciting is the fact that your company has received 6 Sigma approval and accreditation.  6 Sigma is a rigorous application of proven quality management tools developed under Jack Welch at General Electric and is widely accepted, including in Japan and Europe.

We are also moving forward in the $600 billion nuclear industry.  In the current quarter we will ship an ice blast machine to Ontario Power Generation in Canada.  Our equipment is also installed and operational at Bruce Power (a subsidiary of British Energy) in Ontario, Canada.

On the patent front, we have filed for four additional patents in addition to the three patents already issued.  We expect to receive a European patent by year end and have recently filed a patent to cover new applications in the automotive industry.

As part of our transition, we have assembled a team of experienced professionals to handle public relations and product promotion   Howlett Research Corporation recently issued a research report on UIBI which is available at www.iceblast.net

In order to keep you informed on your company’s progress, we want to send you copies of our press releases.  Please fill out the attached form if you wish to receive this information.

In summary, your company is moving ahead aggressively and I will keep you informed on a regular basis.

Cordially,
Rory Clarke
Chairman & CEO
 

***  ICE BLAST APPLICATIONS  ***

Ice Blast is chemical-free, environmentally friendly, has low airborne particulates, is non-abrasive, has superior cleanliness and has a low operating cost with unmatched reliability.

Ice Blasting uses compressed air and ice crystals mixed with tap water. The system cleaning begins with ice crystals impacting the surface being cleaned, then deforming to scrub on impact and then melting into water. Each ice particle becomes a self-destructing scrubbing brush that flushes away contaminants, using significantly less water than old fashioned water blasting. Ice Blasting uses no abrasives, chemicals or detergents in the process. 

Ice Blast reduces secondary waste by 95 percent. Within 70 seconds from pushing the start button, the Ice Blast machine is ready to work. Crystalline ice particles are produced by the machine at a rate of 200 lbs. per hour and Ice Blast uses only 20 U.S. gallons of ordinary tap water per hour with a typical residual liquid of 2-10 gallons per hour.

Aircraft: Ice Blast can remove paint from an airplane for aircraft refinishing companies.

Marine: Ice Blast can remove anti-fouling paint from the bottom of boat. 

Ice Blast removes barnacles from water pumps.

Ice Blast removes tar from asphalt spreading trucks.

Ice Blast removes chemical residue from hose couplings. 

Ice Blast removes petroleum by-products from valve bodies.

Building Restoration: On one job, Ice Blast completely removed the lead based paint from the University of Washington's Parrington Hall without damaging a single brick. Ice Blast does not generate dust which is very important for toxic jobs.
 

***  A PRESTIGIOUS AWARD FOR INNOVATION  ***

UIBI took on a pilot project to clean two New York State bridges to demonstrate the effectiveness of ice blasting. The motivation for undertaking the pilot project? Simple, there are approximately 2500 bridges in New York state managed by the New York state Department of Transportation. 

Not only was the project a great success, the UIBI ice blast technology was nominated by the Department of Transportation for the 2000 Civil Engineering Research Foundation Award for Innovation.
 

***  LET THE PICTURES DO THE TALKING  - BEFORE & AFTER ***

***   MARKETS FOR UNIVERSAL ICE BLAST PRODUCTS  ***

UIBI has positioned their technology in five markets:

• Precision cleaning (automated production cleaning / de-burring)
• Industrial cleaning (fixed systems parts cleaning, petrol chemical and pulp / paper)
• Nuclear Decontamination
• Craft & Vessel maintenance
• Environmental cleaning (lead paint, asbestos abatement off of steel buildings and bridges)

***  ABOUT UNIVERSAL ICE BLAST & FORD MOTOR COMPANY  ***

During  2001  the  Company  designed, assembled, and installed a precision gear cleaning ice blast system under  the  terms  of a purchase order from Ford Motor Company. All the costs  of  engineering  consulting and prototype development related to the Ford project  are  being  expensed  as  research  and  development  costs. 

The purchase order is for a price of approximately $341,000 with commitments  for  an  additional  three similar systems.  In  June  2002,  Ford notified the Company that Ford has accepted the system and that orders for more systems will be forthcoming.  Management believes the delivery of these systems could occur in 2002 or 2003. During the six months ended June 30, 2002, Ford paid all amounts due to the Company  under  the  terms  of the initial purchase order.

As a result of Ford's acceptance of the gear cleaning  system, the Company recognized approximately $341,000 in revenue during the quarter  ended June 30, 2002. Costs  associated  with  the  system, also recognized during the  three months ended June 30, 2002, were approximately  $344,000 resulting in a loss of approximately $3,000. 

Because of the initial design  costs associated with this project,  the  foregoing  results were in line with management's  expectations. However, management expects  that  future systems will provide the Company with margins that will secure the profitability of the Company in the long term.
 

***  ICE BLAST MACHINES  ***

SX-110: Designed for stationary use, in such applications as in-line deburring and cleaning in a
                          manufacturing setting.

MX-90: The MX-90 is designed for general ice blast cleaning applications where transportability is
                          required. 

NSX-110: Is a new product under development air cooled with flow meter and other specific nuclear
                          requirements

To read more about the products and their applications in a pdf format from Gear Magazine, May-June, 2002, Click Here
 

***  UNIVERSAL ICE BLAST - EUROPE  ***

During the six month period ended  June  30,  2002, the Company reached an agreement in principle to acquire certain assets of  its Dutch distributor. The Company is in the process of forming a Dutch subsidiary  in order to consummate the transaction.  Terms are still being negotiated and no definitive agreements have been signed.  The Company expects to finalize the formation  of  its Dutch subsidiary and the acquisition of these assets during the second half of fiscal 2002.

*** TO LEARN MORE ABOUT UNIVERSAL ICE BLAST, CONTACT ***

At the Blaine Group, Inc.
Devon Blaine, Blaine@pacificnet.net 
or Richard M. Goldman, rmgoldman@post.harvard.edu 

At Universal Ice Blast, Inc. 
Kelly Fuller, kellyf@iceblast.net
1-888-522-UIBI 
533 Sixth Street South
Kirkland, WA 98033

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