Advanced Engine Technologies Announces Date for Annual Shareholder Meeting

Advanced Engine Technologies Announces Date for Annual
Shareholder Meeting 


LOS ANGELES, Oct. 13  /PRNewswire-FirstCall/ -- Advanced Engine Technologies,
Inc. (OTC:AENG) (BULLETIN BOARD: AENG)  announced today that its Annual
Shareholder Meeting would be held, Friday, November 5, 2004, at 10:00 AM local
time at the Hilton Hotel at Los Angeles Airport.  As outlined in the proxy
statement, shareholders will have an opportunity to vote on the election of the
Board of Directors for the coming year, and ratification of AET's independent
auditors, Singer, Lewak, Greenbaum & Goldstein LLP for the fiscal year ending
June 30, 2004.

Upon completion of the formal portion of the meeting, AET's Chief Operating
Officer, John Luft, will present development updates on the OX2 engines, which
are being developed and tested at its engine development facilities in
Australia and Gardena, California.  In addition, a running demonstration of the
OX2 will be conducted at the AET Development and Test Facility following the
close of the meeting.

The OX2 is a 4-stroke, 1.1-liter internal combustion engine that is 17 inches
in diameter with a length of 13 inches and a total weight of 175 pounds in
normally aspirated form.  The compact engine weighs 75 percent less than and is
half the size of traditional internal combustion engines.  In addition, it
offers the flexibility of being able to run on a variety of fossil fuels
including gasoline, diesel, natural gas, liquid propane or methane.  In
addition, with far fewer moving parts than traditional engine designs, the OX2
engine could offer the further advantages of significantly enhanced operation
and maintenance costs and a longer useful life.

With its expected higher power-to-weight ratio, multi-fuel capacity and
anticipated low emissions and fuel efficiency, the OX2 has a practical and much
needed application in the commercial and industrial generator markets.
Additional future applications may include marine, light-duty farm and
construction equipment, light aircraft, and the hybrid electric vehicle market.
 However, the near term focus remains electrical generator applications.

Investor inquiries can be directed to the company at [phone].  To update
the investment community and all interested parties about the progress of the
OX2 engine, Advanced Engine Technologies has established a hotline at
310/323-2895.

Additional information pertaining to the OX2 engine can be accessed through the
company's web site at http://www.ox2engine.com/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

This release may contain forward-looking statements involving risks and
uncertainties that may cause actual future events or results to differ
materially and adversely from those described in the forward-looking
statements.  Important factors that may cause such a difference for AET
include, but are not limited to, whether our engine products are made viable,
whether a market for our products develops, our ability to retain key
management, our ability to hire and retain the technical personnel necessary to
build our products, the availability of funding for future operating
requirements, our ability to effectively predict or react to rapid technology
changes that could render our products obsolete, product development delays,
dependence on suppliers, our potential exposure to product liability and other
tort claims if our products fail, our ability to protect our intellectual
property, intellectual property disputes, and other factors discussed in AET
filings from time to time with the Securities and Exchange Commission.  AET
cautions that the foregoing list of important factors is not exclusive.  AET
disclaims any obligation to revise or update any forward-looking statement that
may be made from time to time by or on its behalf. 

DATASOURCE: Advanced Engine Technologies, Inc.



CONTACT:  Soon Nguyen or Jake Jundef, both of JMPR, Inc.,

[phone], for Advanced Engine Technologies, Inc.; or John Luft of

Advanced Engine Technologies, [phone]



Web site:  http://www.ox2engine.com/ 

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