Five and Under

[ToshacH]

Applies to: ETCR)

Equity Technologies and Resources, Inc. Creates Acquisition Subsidiary

LEXINGTON, Ky., May 29, 2001 (BUSINESS WIRE) -- Equity Technologies & Resources,
Inc. (OTCBB:ETCR) has announced that it has created a wholly owned subsidiary
for the purpose of acquiring operating companies. Frank Dickey, CEO of Equity
Technologies, said, "Our Board of Directors authorized the formation of the
subsidiary and we have acted accordingly." He further said, "The subsidiary has
been funded initially with restricted common stock from the parent company to be
used in conjunction with any future acquisitions." He also indicated that "We
are considering at least one potential target, however, it is much too early to
say anything further in this regard."

This press release contains forward-looking statements that reflect the
Company's current expectations regarding future events. While these statements
reflect the Company's best current judgment, they are subject to risks and
uncertainties. Actual results may differ significantly from projected results
due to a number of factors, including, but not limited to assumptions beliefs
and opinions relating to the business and growth strategy of Equity Technologies
& Resources, Inc., based upon the Company's interpretation and analysis of
financial and market conditions, the decisions of businesses with whom the
Company is either engaged in business with or negotiating, healthcare industry
trends and management's ability to successfully develop, market, sell and
implement its e-commerce and internet solutions, clinical and financial
e-transaction services and software applications to physicians, pharmacies,
governmental agencies, laboratories, insurance companies, HMO's, and payers.
These factors and other risk factors are more fully discussed in the Company's
filings with the Securities and Exchange Commission. The Company expressly
disclaims any intent or obligation to update any forward-looking statements.


CONTACT: Equity Technologies & Resources, Inc.
Frank Dickey, 859/268-4446

URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2001 Business Wire. All rights reserved.

-0-


KEYWORD: KENTUCKY
INDUSTRY KEYWORD: E-COMMERCE
INSURANCE
INTERNET
MEDICAL
PHARMACEUTICAL

STOCK SYMBOLS: [(etcr)]