EX-99.1
2

PRESS RELEASE

                                PRESS RELEASE

                            FOR IMMEDIATE RELEASE

                          AZUREL, LTD. NEWS RELEASE


AZUREL,  LTD.  (Bulletin  Board Symbol - AZUR) today  announced that a voluntary
petition  seeking relief pursuant to Chapter 11 of the Bankruptcy code was filed
with the U.S.  Bankruptcy  Court for the  District of New Jersey in Newark,  New
Jersey on  February 2, 2001.  The Company  will  continue  operations  under the
protection  of  the  Bankruptcy  Court,  and  will  devote  its  efforts  to the
manufacture  and  shipment  of its  products  while  a  reorganization  plan  is
developed.  The  Company  elected  to  seek  such  protection  due to  cash-flow
constraints.

Disclosure:  This news release contains forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995. Forward-looking statements
include  statements  concerning plans,  objectives,  goals,  strategies,  future
events or performances and underlying  assumptions and other  statements,  which
are other than statements of historical  facts.  These statements are subject to
uncertainties  and risks  including,  but not limited to,  product and  service,
demand and acceptance, changes in technology, economic conditions, the impact of
competition and pricing,  government regulation, and other risks defined in this
document  and in  statements  filed  from time to time with the  Securities  and
Exchange Commission. All such forward-looking statements,  whether made by or on
behalf of the Company are expressly qualified by these cautionary statements and
any  other  cautionary   statements  which  may  accompany  the  forward-looking
statements.  In addition,  the Company  disclaims  any  obligation to update any
forward-looking  statements to reflect  events or  circumstances  after the date
hereof. For further information, please see the Company's current 10-K filing.

Contact: Azurel, Ltd.
         Edward Adamcik, CFO



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