ThermaFreeze Inc. Launches Enviro-Energy Initiative

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For Immediate Release

ThermaFreeze Inc. Launches Enviro-Energy Initiative

Unveils Core Strategy, Focuses on Energy Production While Treating Agricultural Pollution

SPOKANE, WASHINGTON, Jun. 29 -/E-Wire/-- ThermaFreeze Inc. (TM) (OTCBB:THFZ) announced that it has finalized its core business strategy and will proceed to fulfill its commitments within this program.

ENVIRO-ENERGY(c) is a state-of-the-art process designed to produce significant amounts of low-cost electrical energy by treating animal waste streams generated by agri-business, reduce by up to 65% water requirements of dairy/hog producers, and economically process grain straw. First production units are anticipated being "in place' by October of this year.

ThermaFreeze expects that its ENVIRO-ENERGY(c) will reach $48,000,000 in annual revenue within one year from the generation of 100 Megawatts of power (at $60/MWhr), demonstrating the ability to successfully transform animal wastes and straw into electrical energy and other useful by-products. The company anticipates strong profits from electricity sale rates as low as $60/MWhr. Wholesale power rates have recently risen sharply to highs in the order of $800/MWhr with wholesale rates in the western U.S. exceeding $100/MWhr which are expected to remain high for some time to come. Additional profit will be generated from waste handling fees and the sale of by-products such as potting soil. The company expects to pay for these plants with a combination of internal resources and conventional asset based debt serviced by operating cash flows.

The key to these systems is the ability to mobilize small production units, requiring nominal permitting, engineering and installation times. Many technologies today require massive structures and total capture of waste products throughout a large area. ENVIRO-ENERGY(c) technology focuses on capturing and treating lower, steady volume of waste. Economies of scale will be achieved by placing units within tight geographic centers. Relatively low unit costs will allow the company to rapidly expand its production while achieving very quick order-to-cash flow cycles.

"ENVIRO-ENERGY(c) is a major program for us,' stated Galen Loven, chairman of ThermaFreeze. "We developed this core strategy during our due diligence and research of Advanced Anaerobic Digestion of animal wastes and further examination of methods to rapidly increase U.S. electrical power generation. The ability to deploy "skid mounted' systems throughout areas of need is a non-traditional and unique method to quickly respond to two critical worldwide issues:

1. the need for more electrical production, and

2. the need to treat animal and grain waste while reducing high

demands for water in dairy and hog production.

"Our approach will use community friendly, readily applied, and easily installed technologies in which ThermaFreeze will retain ownership and operating rights to the technology. In time we will become a major electricity producer while providing a major positive impact on environmental waste. During the next few weeks we plan to provide more details on our plans and opportunities by market type, as well as disclose progress on major opportunities and acquisitions designed to rapidly launch ENVIRO-ENERGY(c).'

ThermaFreeze (TM) Inc. is a consolidator and operator of environmentally related businesses. Acquisitions and growth focus on energy, air and water sectors. ThermaFreeze (TM) Inc. expects to sustain growth through its aggressive roll up strategy and internal synergies

Forward-looking statements in this release are made pursuant to the "safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third party suppliers, intellectual property rights and the other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission Fair Disclosure Regulation, effective October 2000.

http://www.thfzinc.com

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