INGLEWOOD, Calif. - September 16, 2002 - Foam Matrix, a leader in innovative structural technology for aerospace and other markets, announced today that the company was featured on the popular television show, CNN's Business Unusual, airing Sunday, September 15, 2002. The show will be repeated on CNNfn, at many airport terminals featuring CNN and CNNfn, and in inflight programming on many of the world's airlines.

The Business Unusual segment details the unique history of Foam Matrix and its founder and president, Kent Sherwood. The story progresses through the company's beginnings as a recreational watercraft and skateboard developer, through its "no more toys" era, and into its evolution as a leading supplier of aircraft wings and replacement parts, including its role in supplying aircraft wings to The Boeing Company's unmanned combat air vehicle (UCAV). Gayla Hope, producer for the segment, emphasized the company's innovative abilities in her coverage, stating that the technology is "winning awards and contracts in the aerospace industry" and that the company has "wings to soar." Foam Matrix was recently honored with a 2002 Supplier Innovation Award from The Boeing Company's Phantom Works Division.

"While our history is important and we are delighted to be able to tell our story to the public, we believe our future success lies with new development in aerospace and other industries," Sherwood commented. "We have an incredible team of people at Foam Matrix who will continue to be innovative and seek out new applications for our technology."

About Foam Matrix:

Located in Inglewood, California, Foam Matrix Inc, an AS-9100 certified company, is a leading supplier of wings for unmanned aircraft, including Boeing's X-45A UCAV demonstrator. Foam Matrix develops high quality, extremely cost-efficient composite structures for a variety of aerospace and commercial applications. The company's patented FMC System™ produces structural core systems that can be designed to meet unique integration, performance and cost requirements. Foam Matrix recently received a 2002 Supplier Innovation Award from The Boeing Company's Phantom Works Division. More information on Foam Matrix is available on the company's website at www.foammatrix.com.

Foam Matrix Core System and FMC System are trademarks of Foam Matrix, Inc.