Composite Solutions to Acquire Trans-Science Corp.

SAN DIEGO, March 8 - Composite Solutions, Inc. (CSI) (OTC Bulletin Board: KIPS) today announced that it has signed a letter of intent to acquire privately held Trans-Science Corporation (TSC), involving an exchange of TSC shares for CSI shares. The total number of CSI shares for the acquisition are to be determined by an independent business evaluator based on the average CSI share price for the month of February 2000.

San Diego-based Composite Solutions uses advanced composites to strengthen buildings and bridges and to minimize the damage that can be inflicted by earthquakes, bombs and overloading. Trans Science Corp., also based in San Diego, recently developed the only comprehensive design software for the seismic retrofit of civil structures using composite overlays, and is now extending its design software to include explosive threats.

"TSC's unique expertise concerning the computer design/analysis of composite structures and the use of advanced composites in the civil arena will give CSI a significant market advantage," said Don Nicholson, CEO of Composite Solutions. "Moreover, with the acquisition of Trans Science Corp., CSI can now extend its advanced composite technology to include blast retrofit design and construction."

TSC's work on explosive blasts is part of a counter-terrorism program sponsored by the Defense Threat Reduction Agency (DTRA). In recent tests conducted by DTRA on a full-scale building at the White Sands Missile Range in New Mexico, composite overlays prevented damage to structural elements after an explosion.

"Counter-terrorism has been identified as a priority for the federal government in the fiscal year 2001 budget," said Duane Gee, CSI's executive vice president. "The president's budget allocates more than $1.1 billion in Embassy Security Funding to reduce the risk of loss of life from terrorist attacks on overseas diplomatic missions, representing an important market for the CSI/TSC solution."

Since its inception in 1980, TSC has created cutting-edge computer simulation programs for many government agencies, among them the Defense Advanced Research Projects Agency, the Office of Naval Research, the Defense Nuclear Agency, the Naval Research Laboratory, Los Alamos National Laboratories, the Air Force Office of Scientific Research and NASA. Other customers include E-Systems, Composite Optics, Inc. and the University of California, San Diego.

Composite Solutions, Inc., based in San Diego, provides a comprehensive solution to seismic retrofitting of buildings, bridges and other structures using advanced composite overlay materials and technology licensed by the University of California, San Diego.

Except for historical information contained in this document, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this document, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company and its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory, reimbursement and trade environment; and the risk factors reported from time to time in the company's reports.

For more information contact: Duane Gee, Executive Vice President of Composite Solutions, 858-459-4843; or Media, Eve Gumpel, of Hilary Kaye Associates, 714-426-0444 for Composite Solutions.

Contact: Duane Gee, Executive Vice President of Composite Solutions, 858-459-4843; or Media, Eve Gumpel, of Hilary Kaye Associates, 714-426-0444 for Composite Solutions