EXHIBIT 99.1


( BW)(NV-DISCOVERY-INVESTMENTS)(DCIV) Discovery Investments, Inc.
Announces Negotiations to Acquire Ultrabio Technology, Ltd

    Business Editors

    LAS VEGAS--(BUSINESS WIRE)--April 30, 2004--Donald K. Bell,
Discovery Investments, Inc.'s (OTCBB:DCIV) Chief Executive Officer
announced today that the company has entered into preliminary
negotiations to acquire all of the business and assets of Ultrabio
Technology , Ltd, ("Ultrabio") (a privately held company). Ultrabio is
incorporated under the laws of the British Virgin Islands. Ultrabio
owns 100% of Fibersense Photonics Corporation ("Fibersense").
Fibersense is a VOIP ("voice over" Internet protocol) voice and data
fixed and wireless telecommunication solutions provider and virtual
operator with branch offices in Canada, Mainland China, Hong Kong and
Taiwan. In addition, Fibersense has established sales and engineering
offices in Hangzhou, Beijing, Guengzhou, Shenzhen and Hong Kong to
better serve the growing telecommunication business in China. The
company has been informed that Fibersense is committed to providing
cost effective integrated VOIP system solutions conforming to all of
China and to the international standards.
    Mr. Bell stated that he anticipates if the negotiations are
successful, that all parties will execute the definitive agreements on
or before June 15, 2004.

    Statements in this news release may constitute forward-looking
statements made under the safe harbor provisions of the applicable
securities acts and regulations, and as such are subject to numerous
risks and uncertainties that could affect actual future results,
including, but not limited to the uncertainty that any of the matters
contained therein will happen and other risks as may be detailed from
time to time in the company's filings with the Securities and Exchange
Commission. Thus, the actual results may differ materially from those
contained in this news release. The company disclaims any obligation
to update any statements in this news release. E-mail Donald K. Bell,
President/CEO at discoveryinvestments@yahoo.com.

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    CONTACT: Discovery Investments, Inc.
             Donald Bell, 866-351-5099

    SOURCE: Discovery Investments, Inc.