NEW WATERMAKER DISTRIBUTORS FOR ELECTRIC & GAS TECHNOLOGY, INC. SUBSIDIARY ATMOSPHERE WATER TECHNOLOGY, INC.

ELGTs subsidiary AWT, announces the appointment of distributors, Watermaker Middle East and Watermaker Asia to promote its Watermaker Technology. Both have exclusive territory to utilize the entire line of the AWT Watermaker solution portfolio.

Corporate Contact: Dan Zimmerman   
President of ELGT 972.272.3424

Corporate Website: www.elgt-amti.com
Email: elgt@elgt-amti.com

Media Contact: Joe Petruzella
NETBreeze, Inc. 972.929.5100

NEW WATERMAKER DISTRIBUTORS FOR ELECTRIC & GAS TECHNOLOGY, INC. SUBSIDIARY ATMOSPHERE WATER TECHNOLOGY, INC.

DALLAS, TEXAS (PRWEB) June 24, 2003 -- ELGTs subsidiary AWT, announces the appointment of distributors, Watermaker Middle East and Watermaker Asia to promote its Watermaker Technology. Both have exclusive territory to utilize the entire line of the AWT Watermaker solution portfolio.

We are excited to have two fine companies representing us and our products," says Dan Zimmerman, President of ELGT. Joe Petruzella and his NETBreeze team have proven effective managing our global marketing effort for the water technology group, recruiting buyers for the Watermaker product portfolio." Watermaker Middle East and Watermaker Asia joins Lockheed Martin as part of its distribution network. Petruzella is constantly looking for qualified distributors, and we will announce additional distributors in the following months."

The Watermaker is a technology that captures the humidity from the atmosphere to produce purified drinking water. This system can provide from five gallons per day to over 1,000,000 gallons per day.

WATERMAKER is a unique electronic system that produces clean water without connection to any source of water other than that suspended as vapor in the atmosphere. The ELGT WATERMAKER technology originated through the issuance and receipt of U.S. Patents in 1981 and 1996, and is further supported through two additional patents pending and copyrights. The scaleable technology produces from 5 to 10,000 gallons of pure water per day.

Large metropolitan solutions can produce up to 2,000,000 gallons per day, and when installed with an automatic bottling facility, will produce 3,780,000 two-liter bottles per day, utilizing only electricity. The systems can be fabricated and installed in 90 to 120 days.

ELGT advised that statistically the amount of water which continuously re-circulates in the Earth's atmosphere is approx. 13,000 trillion cu meter or more than 3 million trillion gallons or 11.3 million trillion liters.

ELGT has installations currently in Dallas, Texas, Saudi Arabia, U.A.E., Egypt and Pakistan.

Electric & Gas Technology, Inc. (OTC Bulletin Board: ELGT) (ELGT) was organized under the laws of the State of Texas on March 18, 1985, to serve as a holding company for several operating subsidiary businesses. Atmospheric Water Technology, Inc. (AWT), a subsidiary of ELGT, was incorporated in June 1997, with the purpose of focusing on opportunities within the water industry. Other ELGT businesses include Reynolds Equipment Company, which provides a broad line of precision instrumentation to the natural gas industry; Hydel, Ltd., a designer and seller of meter sockets and pole line hardware to the electric utility industry; and Logic Metals, Inc., an affiliated manufacturer of precision sheet metal applications.

ELGT owns several U.S. Patents and Copyrights and two U.S. Patents pending. Through its Research and Development division, headed by ELGT CEO and Chief Engineer, S. Mort Zimmerman, scientific projects relating to ultra purification of drinking water and a system using hydrogen peroxide to generate electric power have been developed. ELGT holds patents relating primarily to its Atmospheric Water Technology, Inc. subsidiary, building products that produce healthy purified drinking water "from the air we breathe."

SAFE HARBOR INVESTMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.

This press release contains forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts.

Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished.

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