CALCOL INC. (CLCL) PROFILE OF THE COMPANY

FOR IMMEDIATE RELEASE (PSNS-Pink Sheets News Service) Monday February 10,2003 8:00 AM EST USA Calcol Inc (OTC : CLCL) Beijing East Yanjiao Economical & Technical Development Zone Beijing, PRC 101601 http://www.calcol.com, http://www.malibu-cola.com, http://www.malibu-cola.com.cn -------------------------------------------------------------------------------- COMPANY CONTACT: Norman C. Kaplan ( CB/PR ), or Ji Jun (VP) P1: (216) 514-0849 | P2: 011-86-10-6159-2415 FX: 011-86-10-6159-2166 EM: calcol@aol.com TRANSFER AGENT: Mellon Investor Services (800) 213-0965 | Ridgefield Park, NJ State of Inc: DELAWARE Year of Inc: 1981 Fis.Year End: 12-31 Industry: Food/Beverage/Tobacco SIC Number: 2086 Web Focus? No Locations: 2 (Cleveland, Ohio USA, and Beijing, China) Employees: 15 (25 including commissioned sales personnel in China) Development Stage? Y # Share Holders: 203 of record (1000+ including those in street name) Common Par: $ .001 Authorized: 100,000,000 Outstanding: 87,800,000 Market Cap: $ 9.23M Recent Price: $ 0.160 52 Week HIGH: $ 0.380 52 Week LOW: $ 0.070 -------------------------------------------------------------------------------- MANAGEMENT & INSIDERS (mgmt title legend) Norman C Kaplan - CB/PR Ji Jun - VP David B. Orlean - SR VP/SEC/TR Geoffrey Porter - DIR William F. Kubicek - DIR Xiao Jian Gong - Assistant VP -------------------------------------------------------------------------------- MAJOR INDUSTRY: Food/Beverage/Tobacco SIC Number: 2086 - Bottled And Canned Soft Drinks And Carbonated Waters Does Company focus part of its business via the Web? No Company's primary stock traded: OTC Publicly Traded Ticker Symbols: CLCL Market Cap: $ 9.23M Recent Share Price: $ 0.160 EPS (year end ): N/A Recent P/E Ratio: N/A Recent Book Value: N/A -------------------------------------------------------------------------------- CURRENT BUSINESS INFORMATION: Calcol, Inc. is a U.S. holding company for Chinese investments and businesses in pharmaceutical and soft drinks businesses. The Company has a 60% interest in Calcol Changbaishan Pharmaceutical Company Ltd. of Shenzhen, which makes and sells forty different pharmaceutical products in China, and an 80% interest in Sanhe Mei-Le Soft Drinks Company Ltd., which makes and sells soft drink concentrates, syrups and finished bottled beverages under the Chinese trademark MALIBU ("MEI-LE-BAO"). The Company also does business as MALIBU FLAVOURS, and The Malibu-Cola Company of Beijing. HISTORICAL BUSINESS INFORMATION: As of April 15, 2002, the Sanhe Meile Soft Drinks Company had registered capital of US$10.0 million and paid-in capital of $4.288 million, in the form of land, buildings and equipment. The Company also had reported additionally that it had paid a deposit of US$560,705 towards the purchase of a bottling line to manufacture carbonated soft drinks, tea products and bottled water. The Company reported raising investment capital through private placement of its securities to accredited, institutional and/or overseas investors of $1.0 million USD in 2002, and an additional $800,000 USD in January 2003.The additional investment capital will be certified in the capital certification anticipated to be completed by the Chinese Langfang auditors before April 2003. As of January 31, 2003, the Company reported it had paid 90% of the purchase price for the manufacture, delivery, installation and commissioning of a complete bottling line to manufacture up to 6 million standard cases per year of carbonated soft drinks, ice tea products, and bottled water to be fully operational in late April or early May 2003; had begun installation of its water treatment equipment; and had entered into a purchase contract for a complete syrup room to be installed and fully commissioned in its bottling plant at the same time as the bottling equipment is fully commissioned. While its bottling plant is nearing completion, the Company is manufacturing concentrate at its own concentrate plant on-site, and bottling its products through contract packing nearby. Malibu Flavours, the Company's soft drink concentrate plant, which belongs to Sanhe Meile Soft Drinks Co. Ltd. the Company's subsidiary in Beijing, China, opened in late 2001. Malibu Flavours is fully approved and licensed by the Chinese government to produce soft drink concentrates, syrups and finished bottled beverages under its own Chinese trademark pending brand names of Malibu-Cola, Malibu Sunrise Orange, Malibu Surf's Up Lemon Lime and other bottler brands in China. CALCOL plans to introduce Malibu Sparkle Green Apple, Malibu Verry Cherry Cola, and Malibu Lemon Squeeze, as well as Malibu Sun-Tea and Malibu Springs Water in 2003 (Chinese and US trademarks pending). The ingredients and formulas for the manufacture of the concentrates, syrups and bottling are supplied under license from an American bottling company. Sanhe Meile Soft Drinks Co. Ltd. is 80%-owned by the Company and 20% owned by the China National Food Industry Corporation. The co-operation, which began in 1995, is licensed for thirty years until September 13, 2025 on a 40,000-square-meter site in Sanhe, a suburb thirty-four kilometers due east of Beijing on the JingHa Highway. The soft drink concentrate plant is projected to finish up to 800,000 units of concentrate (enough to bottle 800 million x 2 liter bottles of finished carbonated soft drinks) annually for sale to independent local (non-franchised) bottlers and the Company's bottling plants in Beijing and throughout China. The Company's independent bottling plant will manufacture for the Chinese market Malibu-Cola and other Malibu Flavours, iced tea products and bottled water under Sanhe Meile Soft Drink Company's own brand names. Upon the completion of the bottling plant, in addition to the soft drink concentrate manufacture and sale, Sanhe Meile Soft Drinks Co. Ltd. expects to have an annual on-site production capacity of 6-26 million standard cases (commencing with 6 million standard cases on-site in the first year of full production, with greater production capacity possible through additional planned bottling equipment installations and contract packing) of finished PET bottles and cans in various sizes of carbonated soft drinks, sports drinks, and fruit flavored and herbal enriched ice tea products as well as bottled water. The Company plans to build additional plants in the Guangdong and Shanghai areas under its Chinese business license. China is now the third largest consuming market for soft drinks in the world. Half of the bottling companies are independent local bottlers. The Company's Sanhe Meile Soft Drinks Company holds the third business license for foreign branded soft drinks in China. The Company has scheduled the grand opening of its soft drink bottling plant (110,000 square feet) in late May or early June 2003 on the same complex in Beijing. On December 18, 2002 the Company entered into a contract for the purchase of a complete bottling line from Melegari Spa of Parma, Italy and has paid 90% of the cost of the line as of January 31, 2003. The bottling line, which can produce 6 million standard cases per year, is scheduled for delivery, installation and commissioning in May 2003. As of January 2003, the Company had begun installation of its water pools and water treatment equipment for the bottling plant, and has contracted for and scheduled installation of the complete syrup room facilities for the bottling plant in April- May 2003. The Company reported raising investment capital of $1.0 million USD in 2002 by private placement of its common stock (restricted upon transfer) to accredited, institutional and/or overseas investors; and has closed an additional $800,000 USD private financing through the sale and issuance of restricted common stock through private placement to accredited, institutional and/or overseas investors in January 2003. While its bottling plant is under construction and nearing final completion, the Company is bottling under contract packing through other bottling plants in China. The Company has achieved wide distribution and sales in the Beijing and Tianjin areas. Projected sales for the 2003 fiscal year are between five and six million standard cases. The Company will be a fully integrated and fully operational concentrate making, syrup making, and bottling plant by June of 2003 in time for the summer soft drink season. As of April 15, 2002, the Company has received the annual renewal of its China business license No. 0461929 through its 80% Chinese subsidiary Sanhe Meile Soft Drinks Co. Ltd. for the manufacture of foreign branded soft drinks concentrates, syrups, finished bottled beverages, juice products, and tea products. The license expires on September 13, 2025. The registered capital of the enterprise is US$10 million dollars, with paid in capital as of April 15, 2002 of US$4.288 million. New capital certification is planned to be prepared by Chinese government auditors showing the additional investment in cash and equipment in Spring 2003. The Company also received, on April 15, 2002, renewal of its Chinese JV Certificate of Approval, Sanitary Permit, Operating Permit, and Bar Codes (and subsequently sanitary permits for the various cities and provinces where its finished beverage products are currently widely distributed and marketed). The Company has Chinese and US trademarks pending for Malibu-Cola, Malibu Sunrise Orange, Malibu Surf's Up Lemon Lime and the other flavors and products scheduled for introduction this year. This announcement is for information only. CALCOL INC. ("CLCL"-OTC, cusip#12869910) common stock (par value $.001) trades over the counter in the United States, involves a high degree of risk, and is a suitable investment only for accredited, institutional, or overseas investors who are able to assess the risk and can afford the loss of their entire investment. Source: CALCOL INC. Contact: Mr. Ji Jun, VP, CALCOL INC. President and GM, Sanhe Meile Soft Drinks Co. Ltd. 011-86-10- 6159-2415 FAX: 011-86-10-6159-2166 jijunhere@hotmail.com