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Current Technology Appoints New Jersey Distributor
VANCOUVER, British Columbia, Jul 23, 2004 /PRNewswire-FirstCall via COMTEX/ --
The following was issued today by Robert Kramer, Director, Current Technology Corporation (OTC Bulletin Board: CRTCF):

Current Technology is appointing an exclusive distributor for the state of New Jersey. The Letter of Intent calls for the distributor to purchase a minimum of 80 CTG (CosmeticTrichoGenesis) Mark 5 units over a period of 5 years at an average rate of 16 units per year. The distributor will order four units upon completion of formal documentation, which is anticipated during August.

"The addition of New Jersey to our growing list of exclusive territories will enhance our efforts in metropolitan New York City and give us access to metropolitan Philadelphia," states CEO Robert Kramer. "New Jersey is an important addition to our east coast expansion."

In addition to New Jersey, the Company has recently appointed exclusive distributors for greater Miami, Florida and New York City and completed Letters of Intent for North Carolina (with a right of first refusal for South Carolina) as well as Maryland and Washington D.C. In total, these agreements represent a minimum of 355 CTGs over the next 3 to 5 years.

The Company is presently negotiating with other parties who have expressed an interest in obtaining exclusive distribution rights to other areas in the United States. Results of these negotiations will be announced in due course.

Current Technology believes that its CTG Mark 5 unit, a breakthrough method for improving the appearance of thinning hair, is a natural fit in the cosmetic use market in the United States. The process is safe, painless and non-invasive. Current Technology's products are patented in the United States and around the world.

SOURCE Current Technology Corporation

media, Robert Kramer of Current Technology Corporation,
1-800-661-4247, or [phone], or
[e-mail]
; or investors,
Richard Hannon of Polestar Communications, 1-866-858-4100, for Current
Technology Corporation
(CRTCF)

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