Aviation Industries Withdraws From Agreement with ByeByeNow.com

Clearwater, FL January 15, 2001//// Aviation Industries, Inc. (OTC BB: AVIA) announced that it has terminated its definitive agreement with ByeByeNow.com to acquire AVIA. The original agreement, signed on October 7, 1999, in a mutual decision by the two Companies has been nullified. The acquisition was to have been completed at the time of ByeByeNow.coms Initial Public Offering in 2000. The Company did not complete the IPO in 2000 and remains a privately held entity.

It has become obvious that the terms of the agreement will not be satisfied in the time allotted. Aviation Industries believes that improved operating results in the year 2000 and the new marketing efforts will lead to increased shareholder value for AVIA shareholders in the future.

To learn more about the Company, please contact Jim Muldowney directly at 727-585-6694.

About Aviation Industries

Aviation Industries is an incubator of regional travel related business and is the parent company of Business Travel, a Georgia based corporation providing travel services to small office and home office business travelers; Magnolia Tours and Transportation is a Mississippi corporation providing ground transportation services at the Gulfport-Biloxi Regional Airport, and various other tour operations in Mississippi and Louisiana; Cruising In Style is engaged in the sale of cruises to upscale customers located in the southeastern United States; Casino Marketing International provides marketing services to rated casino players and casinos; Travel Professionals, Inc. provides retail travel services through its corporate office and numerous franchisees; and Integrated Travel Services provides passenger and aircraft handling services at the Gulfport-Biloxi Regional Airport.

Important notice about forward looking statements: Statements about the Companys future expectations, including future revenues and earnings, and all other statements in the press release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company s actual results could differ materially from expected results. To learn more about investing, please visit www.sec.gov or www.nasd.com.