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NEWS RELEASE

WAVEX Tool Corporation Recognized by the Canadian Physiotherapy Association for the New Line of Shock Resistant Hammers

Wavex's revolutionary line of hammers exceeds industry standards for reduction of harmful shock waves

Toronto: September 12, 2002

Wavex Tool Corporation today announced the Canadian Physiotherapy Association's recognition of it's line of shock absorbing hammers. This designation offers professionals and do-it-yourselfers additional confidence when it comes to the purchase of quality hand tools.

"Wavex is thrilled to receive the recognition of the Canadian Physiotherapy Association," explained Robert Davis, Chairman and CEO, Wavex Tool Corporation. "We have worked hard to research and develop a tool that would significantly reduce harmful shock to the hand and arm of users and are most confident that our line of hammers will revolutionize the striking tool industry."

The Canadian Physiotherapy Association (CPA) puts its seal of recognition on a range of items through the CPA Product Recognition Program. Each product recognized by CPA's Product Recognition Program has been reviewed by a panel of physiotherapists and meets a specific set of standards for that type of product.

"CPA recognizes the value of the Wavex Tool Corporation's line of shock absorbing hammers," explained Margaret Parent, CPA's Director of Communications. "The technology behind the Wavex hammer reduces shock transmission that can be a factor in the onset of Repetitive Strain Injuries (RSI) associated with the regular use of striking tools."

Wavex International Inc. has granted to Wavex Tool Corporation the exclusive worldwide license to manufacture, market and sell hand tools utilizing the WAVEX TECHNOLOGY™ for an initial five year term. Wavex International Inc. is a technology based company specializing in developing technically advanced sporting goods and industrial products incorporating its revolutionary WAVEX TECHNOLOGY™. Wavex International Inc.'s shares are publicly traded on the NQB "Pink Sheets" under the symbol WVXI.

The Canadian Physiotherapy Association is the voluntary organization representing over 9,000 members and students across the country. CPA provides leadership and direction to the physiotherapy profession; fosters excellence in practice, education and research; and promotes high standards of health in Canada.

Wavex Tool Corporation's line of shock absorbing hammers is available at all Home Depot stores across Canada.

FOR FURTHER INFORMATION, CONTACT:

Jorge Estepa
Vice President
Wavex International Inc.
Tel:(416)203-1767 or (800) 848-1892
Fax: (416) 361-1333

Margaret Parent
Director, Communications

Canadian Physiotherapy Association
Tel:(416)932-1888 or 1(800) 387-8679
Fax: (416) 932-9708

This news release may contain forward-looking statements relating to the future performance of Wavex International Inc. ("Wavex"). Forward-looking statements, especially those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially.

000©Wavex International Inc.0 410-55 Adelaide Street East, Toronto, Canada. M5C 1K6 0Tel: 416. 203. 1768 Fax: 416. 361. 1333 000