"COMPANY ANNOUNCES $1 MILLION ENERGY PRIZE

PRESS RELEASE October 5, 2002 Space Energy Access Systems, Inc. (SEAS) has today announced the one million dollar "Z Prize" for an energy invention that would dramatically decrease the need for fossil fuels.

The Charlottesville, VA based energy company will provide the $1 million prize to the inventor or inventors who provide a testable prototype of an invention that can serve to either replace current internal combustion energy systems or greatly increase their efficiency. The Z Prize is named after the so-called zero point energy field that many physicists claim is a vast field of energy that can be tapped from the space around an object.

Specifically, the company is looking for new energy systems that could allow each home or business to have its own energy generation capability without the use of fossil fuels and a system for greatly increasing the fuel efficiency of motor vehicles. The winning invention must be reproducible, economically viable and suitable to widespread acceptance.

Steven M. Greer MD, the CEO of SEAS. states that: "We know such breakthroughs in energy generation have occurred in the past, only to be suppressed by a number of questionable means. This time, we are committed to identifying and bringing to the public the most advanced systems to replace our addiction to oil and fossil fuels."

SEAS has a Technical Advisory Board comprised of prominent scientists and engineers.

Inventors may visit the SEAS Inc. website at: www.seaspower.com and complete an application. Submissions must be received by December 1, 2002 and the prize will be determined by December 31, 2002, unless the company determines that the contest needs to be extended. Any media requests can be received through media@seaspower.com.

--PR WEB--