Untitled Document

Isonics Comments On Class B and Class C Warrant Status Friday February 7, 5:32 pm ET
GOLDEN, Colo.--(BUSINESS WIRE)--Feb. 7, 2003--Isonics Corporation (NASDAQ:ISON - News) has announced that it has filed with the Securities and Exchange Commission a post- effective amendment to the registration statement for its publicly-held Class B Warrants and Class C Warrants. Because the registration statement is not current, those warrants are not presently exercisable except pursuant to an exemption from registration. This announcement is being issued pursuant to SEC Rule 135, and it does not constitute an offer of any securities for sale or a solicitation of any offer to purchase securities. The Class B Warrants have an exercise price of $1.50 per share and are exercisable through December 31, 2005 if there is a registration statement relating to those warrants both current and effective at the time of exercise. Each Class B Warrant will allow the holder to purchase one share of Common Stock and one Class C Warrant. The Class C Warrants have an exercise price of $2.50 per share and are exercisable through December 31, 2005, to purchase one share of Common Stock. Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein, and which may result in the parties being unable or unwilling to complete the transaction described herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB for the year ended April 30, 2002 as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission. ------------------------------------------------------------ -------------------- Contact: Isonics Corporation James E. Alexander, 303/279-7900 www.isonics.com or Investor Awareness, Inc. Tony Schor, 847/945-2222 Paul Arndt, 847/945-2222 www.investorawareness.com