EXHIBIT 99.1

    Cox Technologies, Inc. Announces Asset Purchase Agreement and
                    Pending Sale to Sensitech Inc.

   BELMONT, N.C.--(BUSINESS WIRE)--Dec. 15, 2003--On December 12,
2003, Cox Technologies, Inc. (COXT.OB) entered into an Asset Purchase
Agreement with Sensitech Inc. and its wholly owned subsidiary Cox
Acquisition Corp., pursuant to which Sensitech will acquire
substantially all the assets and business of Cox Technologies.
   Subject to the terms and conditions of the Asset Purchase
Agreement, Sensitech will pay approximately $10,532,000 to Cox
Technologies in exchange for substantially all of the assets of Cox
Technologies exclusive of the Vitsab product line, cash and certain
furniture and equipment. Of the $10,532,000 purchase price $10,240,000
is payable in cash with the remainder being paid through the
assumption of an estimated $292,000 in assumed payables. The purchase
price will be adjusted based on changes in the amount of receivables,
inventory, payables, product claims and customer commitments.
   The sale is subject to approval by the Cox Technologies
shareholders. Subject to receipt of shareholder approval and
satisfaction of other closing conditions contained in the Asset
Purchase Agreement, it is anticipated that the sale will be
consummated in the first quarter of 2004.
   In connection with the negotiation of the asset sale, Cox
Technologies has agreed to continue manufacturing products for
Sensitech during a transition period to end no later than June 1,
2004. After the closing of the asset sale and following expiration of
those manufacturing obligations, and subject to approval by its
shareholders, Cox Technologies will wind up its operating business,
effect a complete liquidation and dissolution of the Company, and
distribute any remaining cash to its shareholders.
   Based upon receipt of the purchase price for the assets by Cox
Technologies, the current level of cash and other limited assets of
Cox Technologies that will not be transferred to Sensitech in the
sale, and the estimated costs of liquidation, it is anticipated that
the aggregate distributions payable to the Cox Technologies
shareholders in the dissolution process will be between $.15 and $.19
per share. It is expected that the liquidation and final distribution
to Cox Technologies shareholders will be completed during the third or
fourth calendar quarter of 2004.
   Brian D. Fletcher, Co-Chief Executive Officer of Cox Technologies
stated "We are committed to continuing to serve the needs of our loyal
customers until the consummation of the transaction, as well as
supporting Sensitech after the closing date to ensure a smooth
transition for all of our customers."
   Eric B. Schultz, Chairman and Chief Executive Officer of Sensitech
stated "We have great respect and admiration for Cox Technologies, and
we look forward to continuing Cox's tradition of excellent service to
their customers in the future."

   About Cox Technologies

   Cox Technologies is primarily engaged in the business of producing
and distributing graphic and electronic transit temperature recording
instruments, both domestically and internationally. These temperature
recorders are marketed under the trade name Cox Recorders and produce
a record that is documentary proof of temperature conditions. The
Company also produces and markets Vitsab "smart label" technology.

   About Sensitech

   Sensitech is a leading provider of cold chain monitoring,
management and information solutions serving the worldwide perishable
product supply chain. The company markets and sells its services to a
broad range of customers in the food and pharmaceutical industries who
are committed to protecting the freshness, integrity and efficacy of
their temperature-sensitive products. The company has been named three
times to the Deloitte and Touche Technology Fast 500 and twice to the
Inc. 500. Sensitech is headquartered in Beverly, Massachusetts, and
has offices in Redmond, Washington, Fresno, California, and Calgary,
Alberta.
   Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include statements that relate to the amount of the purchase price as
adjusted, approval of the sale by Cox Technologies' shareholders,
satisfaction of other closing conditions to the sale, timing of the
closing of the sale, approval of the dissolution by the Cox
Technologies shareholders and the amount and timing of payments that
may be made in the liquidation and dissolution process. These
statements are neither promises nor guarantees, but involve a number
of risks, uncertainties and other factors that may cause actual
results to differ materially from those set forth or reflected in the
forward-looking statements, including, without limitation: the risk
that the sale and/or the dissolution may not be consummated in a
timely manner, on the terms described above, or at all; the discretion
of the Cox Technologies' shareholders in approving the sale and/or the
dissolution; changes in the value of the assets and liabilities
transferred to Sensitech and retained by Cox Technologies; performance
of the business of Cox Technologies prior to the closing of the sale;
delays in distributions to Cox Technologies shareholders and reduced
distributions due to unexpected liabilities and the inability to
settle obligations to creditors; delays in distributions due to the
timing of sales of non-cash assets, claim settlements with creditors
and the amounts paid out under warranty claims. Readers are cautioned
not to place undue reliance on these forward-looking statements, which
address the conditions as they are found on the date of this press
release. Cox Technologies undertakes no obligation to release publicly
the result of any revisions to these forward-looking statements that
may be made to reflect events or circumstances that arise after the
date of this press release or to reflect the occurrence of
unanticipated events.

    CONTACT: Cox Technologies Inc., Belmont
             Kurt C. Reid, 704-825-8146