Exhibit 99.1
NEWS RELEASE
October 20, 2004

BLUEBOOK ANNOUNCES SECURITIES CONVERSIONS, DEBT SETTLEMENTS AND AMENDMENTS TO
CERTIFICATE OF INCORPORATION

Lake Forest, California - The Bluebook International Holding Company (OTCBB:
BBIC) announces that it has received a Notice of Conversion in respect of all
2,050 outstanding shares of Series B Convertible Preferred Stock, face value
$1,000 per share. Pursuant to the Notice of Conversion, the Company is obligated
to issue 54,666,667 shares of Common Stock at a conversion price of $0.0375 per
share, a 25% discount to the five day average closing bid price for the
Company's Common Stock. The Company has also entered into debt settlement
agreements with certain members of the Company's management and controlling
shareholders pursuant to which the Company has agreed to settle approximately
$1,048,374 of debts owed by it through the issuance of 27,956,650 shares of
Common Stock at the same conversion price.

As required by the terms of the Series B Convertible Preferred Stock and the
debt settlement agreements, the Company's majority stockholders have approved a
resolution to amend the Company's certificate of incorporation to increase the
authorized Common Stock of the Company to 150,000,000 shares and other, related
matters as more particularly described in the Company's preliminary information
statement filed on October 15, 2004 with the Securities and Exchange Commission.
This resolution, and the issuance of the 82,623,317 shares of Common Stock, will
be effected following expiration of the notice periods required under rules and
regulations promulgated under the Securities Exchange Act of 1934.

The Company's majority stockholders have also approved a resolution to amend the
Company's certificate of incorporation to consolidate the Company's outstanding
Common Stock by way of reverse split on the basis of twenty old shares for each
one new share. This resolution will be effected following the issuance of the
82,623,317 shares of Common Stock pursuant to the conversion of the Series B
Convertible Preferred Stock and the debt settlement agreements.

As a result of the foregoing, the Company expects to have approximately
6,208,113 shares of Common Stock outstanding.

For more information, please contact:

The Bluebook International Holding Company
21098 Bake Parkway Suite 100
Lake Forest, Ca. 92630
Web site: http://bluebook.net/
P. 949.470.9534
F. 949.470.9420

SAFE HARBOR STATEMENT: THIS NEWSLETTER/RELEASE MAY INCLUDE FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND
EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE
OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF
OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS
AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE ALSO MADE UNDER THE "SAFE
HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.
THIS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS
PURSUANT TO THE SAFE-HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995, OR BY THE SECURITIES AND EXCHANGE COMMISSION IN ITS RULES,
REGULATIONS AND RELEASES. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO RISKS,
UNCERTAINTIES, AND OTHER FACTORS, SOME OF WHICH ARE BEYOND THE CONTROL OF
BLUEBOOK, ARE DIFFICULT TO PREDICT AND COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THOSE EXPRESSED ABOVE.