For release: 3 PM, February 4, 2000

         Contact: Betsy Rowbottom
                           Vice President
                           PageOne Business Productions, LLC
                           310.230.6101

PRESS RELEASE

Electro Pulse Technologies:  Merger creates platform
     for roll out of groundbreaking new waterproofing technology

PageOne Business  Productions,  LLC, Pacific  Palisades,  CA  (www.invbank.com),
financial advisor to Electronic  Engineering and Design  Corporation,  announced
today that Electronic Engineering and Design Corporation has merged with Electro
Pulse Technologies Commercial,  Inc., based in Greenwich,  Connecticut. The name
for the merged companies will be Electro Pulse Technologies Commercial, Inc.

With the merger,  the new Electro Pulse Technologies will, over the next several
months, roll out its plan to establish a national platform of local installation
companies.   Electro  Pulse  Technologies  will  establish  joint  ventures  and
strategic  alliances with large  organizations with recurring water problems and
with entities in all the segments of the construction  industry to service their
customer  bases.  Electro  Pulse  Technologies  will also seek to  strategically
acquire companies,  which will be meaningful for the Company's  expansion of its
customer base and infrastructure.  Drytronic,  Inc., Electro Pulse Technologies'
wholly-owned subsidiary,  is working closely with the Army Corps of Engineers in
installing this patented technology in the government market.

By  utilizing  its  revolutionary  and  patented  Electro  Pulse  Shield  System
technology - the EPS System - Electro Pulse  Technologies  intends to become the
preferred and specified source for waterproofing all concrete, masonry and brick
structures in the commercial and government  market.  The EPS System is the only
waterproofing  technology which provides a permanent  solution by drying out and
reducing the relative  humidity  within such  structures  as well as  preventing
water from  intruding  into and  protecting  the  structural  integrity of these
structures.

This press  release  may  contain  forward-looking  statements.  Forward-looking
statements  are subject to risks and  uncertainties,  including the risk factors
listed  in  the  company's  reports  filed  with  the  Securities  and  Exchange
Commission  that could  cause  actual  results to differ  materially  from those
projected.