November 1, 2002
ATI Airtest Technologies Inc. (CDNX Symbol AAT)

AIRTEST ANNOUNCES PRIVATE PLACEMENT

[Vancouver British Columbia] Mr. George Graham the President of ATI AirTest Technologies Inc.("AirTest"), a leading provider of sensor technologies for building applications would like to announce the offering of a private placement of 1,600,000 units, priced at $0.15 per unit.Each unit will consist of one share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a term of 180 days, from the date the payment for the units is received by the company, at a price of $0.23 per share. Proceeds from the private placement will be used for general working capital. No finders fee is payable. The private placement is subject to the approval of the TSX Venture Exchange.

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Georgia West Management Inc.
Phone: (604) 868 1000
Toll Free: (877) 868 1001
Email: geowest@direct.ca
Website: airtest.com

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.