Former CFO of Smith's Food & Drug Centers Named Chief Financial Officer of LifeSmart Nutrition Technologies

Business Wire, March 4, 2002

Business Editors

SALT LAKE CITY--(BUSINESS WIRE)--March 4, 2002

LifeSmart Nutrition Technologies, Inc. (OTCBB:LSNU) is pleased to announce it has hired Ray Woolston as its new Chief Financial Officer.

Raymond J. Woolston has over 20 years of experience in accounting and finance.

Mr. Woolston came to LifeSmart from Smith's Food & Drug Centers, Inc. now a division of The Kroger Company (NYSE:KR). Smith's was a $3 billion regional grocery store chain with operations in 8 western states. Mr. Woolston joined Smith's Food & Drug Centers in 1988 and held various key finance positions including most recently, CFO. During his tenure at Smith's the company grew from approximately $1 billion in sales to over $3 billion. He also helped raise the company over $300 million through a successful IPO and secondary offering. Prior to Smith's, Ray worked with the Salt Lake City office of Ernst & Young, specializing in audits of large businesses, with a focus on retail, service, manufacturing, and insurance. Ray graduated from the University of Utah with a B.S. in Accounting and is a CPA, licensed in Utah.

LifeSmart Nutrition, Inc. was formed as a Utah corporation in 1997 to compete in the growing $86 billion nutraceutical industry. The company's products utilize a unique candy-like soft chewable delivery system that provides great taste, convenience and nutrition in a format that children and adults enjoy. LifeSmart has developed a proprietary manufacturing process for their chews and has filed patent applications relating to several of its products. For more information visit www.LifeSmart.com

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors, including, among other things, the size and timing of revenues, new or increased competition, changes in market demand and seasonality of purchases of products sold by the Company. These factors and others could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.