EarthShell Shareholder To Provide Bridge Financing

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EarthShell Shareholder To Provide Bridge Financing

Largest Shareholder EKI to Make Working Capital Loans

CALIFORNIA, SANTA BARBARA, Sep. 17 -/E-Wire/Business Wire/-- EarthShell(R) Corporation (NASDAQ: ERTH) announced today that its largest shareholder, E. Khashoggi Industries, (EKI) will assist the Company with working capital loans while the Company pursues new equity financing.

The Company's intent is to complete a private transaction within the next 60 days to acquire the funds necessary to reach a cash flow positive position by late 2003 without the need to obtain additional financing prior to that time. Meanwhile, the bridge funding by EKI enables the Company to avoid selling equity in small incremental transactions as it has done over the last several months.

EarthShell Corporation is a development stage company engaged in the licensing and commercialization of proprietary composite material technology for the manufacture of foodservice disposable packaging, including cups, plates, bowls, hinged-lid containers, and sandwich wraps. In addition to certain environmental characteristics, EarthShell Packaging is designed to be cost and performance competitive compared to other foodservice packaging materials. Additional information may be found via the Internet at www.earthshell.com.

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties of other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's most recent Form 10-K and other documents filed by the Company with the Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in which any offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

EarthShell Corporation

Media Inquiries: EarthShell Corporation, Cindy Eikenberg,

410/847-9420 or Euro RSCG Middleberg, Greg Kalish,

212/699-2635, [REDACTED-EMAIL] or Investor

Inquiries: 866/438-3784

http://www.earthshell.com

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