SureBeam Corporation Notified of NASDAQ Delisting SAN DIEGO, Calif., Oct. 27 /PRNewswire-FirstCall/ -- SureBeam Corporation today announced that its common stock will be delisted from the Nasdaq National Market at the opening of trading on October 28, 2003 because the company has not filed periodic reports with the Securities and Exchange Commission. The company met with a Nasdaq Qualifications Panel on September 25, 2003 concerning its listing on Nasdaq. The company was notified of the panel's decision to delist its stock. Following the delisting, the company's common stock will continue to be quoted on the National Quotation Service Bureau (the Pink Sheets) for unsolicited trading. However, the company's common stock will not be eligible for quotation on the Over-The-Counter Bulletin Board because it is not current in its periodic reporting requirements under the Securities Exchange Act of 1934, as amended. Once the company becomes current in its reporting, the company's common stock could become eligible for quotation on the OTC Bulletin Board if a market maker makes an application to have the shares quoted, and such application is approved by the Nasdaq Compliance Unit. Headquartered in San Diego, California, SureBeam Corporation operates processing service centers located in Glendale Heights, Illinois; Sioux City, Iowa; College Station, Texas; and Rio de Janeiro, Brazil. The Company is a leading provider of electron beam food safety systems and services for the food industry. SureBeam's technology significantly improves food quality, extends product freshness, and provides disinfestation that helps to protect the environment. The SureBeam patented system is based on proven electron beam and x-ray technology that destroys harmful food-borne bacteria much like thermal pasteurization does to milk. This technology can also eliminate the need for toxic chemical fumigants used in pest control that may be harmful to the earth's ozone layer. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Examples of such forward-looking statements include statements that do not relate strictly to historical or current facts. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the risks associated with the Company's entry into new commercial food markets that require the company to develop demand for its product, its ability to access capital markets, the risk that purchase orders placed with the Company will not result in sales, and other risks described in the Company's Securities and Exchange Commission filings. Investor Relations Contact for SureBeam: (858) 795.6296 If you would like to receive press releases via electronic mail, please contact Press Releases and other SureBeam information are available on SureBeam Corporation's Web Site: http://www.surebeam.com/ CONTACT: Investor Relations of SureBeam, +1-858-795-6296, Web site: http://www.surebeam.com/

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