Exhibit  99.1          Press  Release

WEDNESDAY  MAY  2,  2:17  PM  EASTERN  TIME

PRESS  RELEASE

SMALL  TOWN  RADIO  INC.,  WORLDWIDE  PETROMOLY  UPDATE  MERGER  SCHEDULE

UNVEIL  STRATEGY  FOR  EXPANSION

HOUSTON--(BUSINESS  WIRE)--May  2,  2001--Worldwide PetroMoly Inc. (OTCBB:MOLY -
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news; the Company) today announced that it is proceeding with its plans to merge
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with  Small  Town Radio Inc. (STRI). The merger, which was announced last month,
is expected to close before the end of May. "We have been working diligently to
prepare  all  of the necessary documents and are moving forward," says Lance J.
Rosmarin,  president  of  Worldwide  PetroMoly.  "The  closing conditions still
include  the  receipt  of  appropriate  financing, a fairness opinion, and other
standard  closing  requirements  of  an  acquisition  of this size and nature."
Small  Town Radio Inc. is a development-stage enterprise based in Atlanta, which
intends  to acquire, integrate and operate a number of radio stations, primarily
in  smaller,  non-rated  markets  in  the Southeast. The Company has been in the
business  of  manufacturing,  marketing  and  distributing lubricants for use in
engines.
The  Small  Town  Radio  Inc.  (STRI)  business  strategy  is  to secure through
acquisition  a  significant  number  of  radio  stations  in our target markets,
generally  smaller,  less populated areas near, but not in, mid-sized and larger
markets.  STRI  intends initially to acquire radio stations in rural sections of
South  Georgia,  and  then  expand  into  additional,  geographically contiguous
markets in the Southeast such as Alabama and South Carolina. STR believes that a
network  of  stations  in  contiguous  broadcast  areas with two or three common
programming formats will provide an advertising and listener base of significant
size. It expects to operate its studio facilities from Atlanta utilizing digital
transmission  technology  to  provide  high-quality programming, including local
content,  to  its  stations  across  the  Southeast.
Small  Town Radio Inc. announced that it has retained Attkisson, Carter & Akers,
a  broker/dealer  based  in  Atlanta to manage the financing associated with the
merger. "We are pleased that Attkisson is willing to manage this process for us
and  hope to have a continuing relationship after the merger," said Robin Vail,
CFO  for  STRI.
This  news release contains "forward-looking statements" within the meaning of
Section  27A of the Securities Act of 1933 and Section 21E of the Securities Act
of  1934. Words such as "intends," "expects," "anticipates," "estimates"
and  similar  expressions  are  intended to identify forward-looking statements.
Such  statements  are subject to risks and uncertainties that could cause actual
results to differ materially from those projected. Although the company believes
that  the  expectations  reflected  in  such  forward-looking  statements  are
reasonable,  it can give no assurance that such expectations will prove correct.
While  the  parties continue to work diligently to close this transaction, there
is  no  guarantee  that  they will be able to consummate the merger. There are a
number of important factors that could cause actual results to differ materially
from  those expressed in any forward-looking statement made by us. These factors
include  the  long-term  market  demand  for  lubricant  additives  and  related
products;  the  direct  marketing  effectiveness  of  automotive  products;
competition;  the  failure  of  the  merger  to  close; the inability of STRI to
acquire  radio  stations at an attractive price; the inability of STRI to obtain
financing  for  the  acquisition  of  radio  stations;  the  reliability  and
availability  of  new  technology  in  the  radio  station  industry; financial,
operational  and  other  business  problems associated with the acquisition of a
number  of  radio  stations  in  a  short  period  of  time;  general  and
industry-specific  economic  conditions. The Company has no obligation to update
or  revise  these forward-looking statements to reflect the occurrence of future
events  or  circumstances.

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Contact:
     Small  Town  Radio  Inc.
     Robin  Vail,  678/762-3295
     or
     Worldwide  PetroMoly  Inc.
     Lance  Rosmarin,  713/892-5823
     or
     Attkisson,  Carter  &  Akers
     Tim  Terry,  404/364-2070