Five and Under

[jobynimble]

NuWay Medical's President Increases Ownership in Company-Event IncreasesShareholder Equity by $1,120,000

LAGUNA HILLS, Calif., Apr 15, 2003 /PRNewswire-FirstCall via COMTEX/ -- NuWay Medical, Inc. (Nasdaq: NMED), announced that Dennis Calvert, President of NuWay, has increased his ownership of company stock. The reported transaction increases Calvert's ownership of the company to 54.8 percent and retires $1,120,000 in outstanding debt.

"I am extremely confident about NuWay's future and I remain committed to pressing forward toward our goals. This transaction increases the company's shareholder equity and removes an outstanding debt that was coming due in just two months that would have become problematic if not resolved or paid," noted Calvert.

New Millennium Capital Partners, LLC, an entity owned in part and controlled by Calvert, entered into an agreement to purchase a $1,120,000 note held by Summitt Ventures, Inc., due and payable by the company on June 15, 2003.

As part of this same transaction, New Millennium purchased from shareholders Camden Holdings, Inc. and Summit Healthcare, Inc. 4,182,107 shares of NuWay common stock. This transaction closed on April 9, 2003.

Detailed terms are described in the Form 8-K filed on April 10, 2003. The change in control occurred on March 26, 2003

NuWay Medical, Inc., a company in the healthcare and sports-related products and services business, the focus is bringing real world solutions and products to market and utilizing our sports industry experience and relationships to market other companies products. The company prides itself on its technological innovations, applications, unique marketing and distribution capabilities working with sports-related teams, personalities and venues. The company also acquires companies to take advantage of economies of scale and vertical market opportunities.

The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.

For further information please contact Devon Blaine, [e-mail], or Richard M. Goldman, [e-mail], both of The Blaine Group, [phone], for NuWay Medical, Inc.

SOURCE NuWay Medical, Inc.


CONTACT: Devon Blaine, [e-mail], or Richard M. Goldman,

[e-mail], both of The Blaine Group, [phone], for
NuWay Medical, Inc.

URL: http://www.nuwaymedical.com
http://www.prnewswire.com

Copyright (C) 2003 PR Newswire. All rights reserved.