Tyng Industries Announces Next Development Project

["Steve Tyng" <stevet-at-stcharlesmd.com>]

July 20, 2004

Tyng Industries Inc. (TI) announces it's next R/C Tank Combat vehicle development 
project.  Code named "Green Lightning" in homage to the programs environmental 
friendly and lofty performance goals.  TI's next generation vehicle, like it's 
ground breaking predecessor the "Dread T34", will set the bar well above the current 
level in the R/C Tank Combat arena.  Program objectives include:

Design

*       Next generation Tyng Track System (TTS) with cog drive and replaceable guide 
teeth
*       Active "Christie" style suspension
*       24 volt operation
*       Proportional speed control
*       Fully independent turret subsystem
*       Next generation turret rotate system
*       Proprietary "Elastrometric" ammo magazine
*       Full environmental protection to minimize paint and contaminant ingress 
*       80 pound (36 kilogram) target weight
*       Maximum use of cellulous fiber construction
*       Minimal use of ozone depleting thermo plastics and energy intensive welding 
and metal fabrication techniques
*       Easy field maintenance and repair
*       Low cost and ease of construction


Performance

*       10MPH+ (17KPH) top speed
*       3 second 360 degree turret traverse
*       4 rounds per second (FPS) fire rate
*       1 hour endurance on one battery pack


The new vehicle will be based upon the British Comet Mk1 cruiser tank which was 
unarguably the best British tank of WW2 and which remained in service with various 
army's into the 1970's.  "The Comet had an almost perfect mix of firepower, 
mobility, and protection that I think will translate into an excellent and 
formidable R/C Combat vehicle" stated Steve Tyng, President and CEO of TI.  
Concerning TI's decision to pursue a new vehicle Mr. Tyng continued, "TI can't rest 
on its previous accomplishments, even as great as they are.  We are committed to 
keep pushing the technology and performance envelope of our vehicles and be THE 
leader in the R/C Tank Combat hobby."
 
The first operational prototype is expected to be ready for field trials in the 
second quarter of 2005.
 
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Certain matters within this press release may be deemed to be forward-looking 
statements within the meaning of the federal securities laws. Investors are 
cautioned that all forward-looking statements involve risks, uncertainties, and 
other factors that could cause actual results to differ materially from those in the 
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Numerous factors could cause results to differ, including but not limited to, 
changes in market demand and acceptance of the Company products, impact of 
competitive products and pricing, dependence on third-party suppliers, and changes 
in government regulations. Although the Company believes the expectations reflected 
in such forward-looking statements are based on reasonable assumptions, it can give 
no assurance that its expectations will be attained.