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Friday, 07/30/2004 10:02:04 AM

Friday, July 30, 2004 10:02:04 AM

Post# of 36792
great news today

Cetek Technologies, Inc. (Pink Sheets:CTKH), a manufacturer of ceramic components and ceramic substrate material for the electronics industry, files the following update for second quarter 2004.

Management takes this opportunity to briefly report on the status of operations, as is customary, having completed the second quarter, and first half, of 2004.

Sales revenues continue to grow, with the recently ended second quarter being the strongest yet in production and shipment of our proprietary ceramic substrate product. Revenues were up 51% from the previous quarter, and Cetek continues to operate with net positive cash flow and profitably.

As reported previously, demand for our products is increasing. Additional production capacity is needed, to meet current and future, production requirements. Management has been working on how best to increase production capacity. One possibility, being that of acquiring an additional facility or company. Fortunately, Cetek's resources, from previous successful funding activities, will be available to use towards this production capacity issue. Capitalization of the corporation was enhanced in the past year through the issuance of private placement common shares, which in itself, demonstrates strong support for the management of the company and its technology from the investors' community. This effort is facilitating the company's continued expansion of its product line and in general, the growth of the bus.

As we have previously stated, we do not anticipate any circumstances that would cause us to undertake a reverse stock split of our common stock.

The company's official website was launched in the past quarter, www.cetektechnologies.com and it will be updated on an ongoing basis.

The company is expected to have its annual shareholder meeting later this summer. A specific date and location have not yet been established, but will be reported shortly.

From the Company's inception, Cetek has focused on building a company with solid fundamentals, and with solid foundations in the state-of-the-art ceramic technology. Years of formulating, testing and proto-typing have taken us to where we are now -- producing and distributing Cetek's proprietary ceramic materials for an ever-growing client base.

Cetek Technologies was represented at the SEMICON West 2004 (http://wps2a.semi.org/wps/portal) technology trade show in San Francisco, California, which had very strong interest by attendees in the company's materials and capabilities. As a result, several new domestic and international sales prospects are being pursued.

We continue to view the CNT (carbon nanotube) area as a dynamic business segment for the future, one that may hold much promise, including electron emitters for FPD's (flat panel displays). In addition, "nano emissive display" (NED) technology, which enables a manufacturer to design large flat panel displays that exceed the image quality characteristics of plasma and LCD screens at a much lower cost, is extremely exciting in our niche of the industry, and could potentially be one of Cetek's applications in the future.

In closing, we thank all shareholders for their continued support in the company, and we will endeavor to keep shareholders informed of our efforts in developing Cetek into a significant player in its industry, as it strives to build shareholder value for our stockholders.

Respectfully submitted, Fayiz Hilal CEO and President About Cetek Technologies, Inc.

Cetek Technologies' principal activity is to manufacture and market products based on applications of thin film and display technologies. Cetek produces very high grade quality industrial ceramics including alumina, cordierite, mullite, and zirconia for thermal shock, wear, electrical isolation and corrosial resistance applications. Substrates are commercially produced in 12 inch panels, as well as larger sizes. Products are sold to the electronics, welding, chemical, pulp & paper, nuclear power, aerospace and semiconductor industries. In addition, CNT technologies are currently being researched and co-developed for various applications, including fuel cells.



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