Gabriel Technologies Corp Nears Qualification for OTCBB Registration

Business Wire, Oct 4, 2004

OMAHA, Neb. -- Keith Feilmeier, CEO of Gabriel Technologies Corporation (Pink Sheets:GWLK) announces that the company is continuing to make significant progress in bringing its periodic reporting requirements under the Securities Act of 1934 current in all respects. Feilmeier stated that the company expects to file the 2003 Annual Report on Form 10-KSB and the transitional year 2004 ending June 30, 2004, also on Form 10-KSB, within the next week. "We understand that our auditors are nearly complete with the consolidated financial statements and audit of the now wholly-owned subsidiary, Gabriel Technologies, LLC, which will allow us to file an amended Form 8-K reflecting this financial information," Feilmeier commented. Feilmeier further commented "we look forward to once again being quoted on the Over The Counter Bulletin Board and intend to go through the steps necessary for listing immediately upon filing all of our current reports. We are excited about the future and the opportunities that lay ahead during this last quarter of 2004."

About Gabriel Technologies:

With the implementation of our physical security product line, the WAR-LOK Series, and our tracking assisted GPS (aGPS) product line, Gabriel Technologies Corporation partners with the transportation/shipping industry to help apply the proper security measures to the risks they are concerned with reducing. Gabriel is poised to help our customers prevent theft and terrorism related issues, which affect our nation and world economies. For more information visit us on the web at www.gabrieltechnologies.com.

SAFE HARBOR Information in this news release may contain statements about future expectations, plans, prospects or performance of Gabriel Technologies Corporation that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases ``can be,'' ``expects,'' ``may affect,'' ``believed,'' ``estimate,'' ``project,'' and similar words and phrases are intended to identify such forward-looking statements. The company cautions you that any forward-looking information provided by or on its behalf is not a guarantee of future performance. None of the information on this news release constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website www.gabrieltechnologies.com. The company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the company's control, in addition to those discussed in the company's press releases, public filings, and statements by the company's management, including, but not limited to, estimates of the sufficiency of its existing capital resources, abilities to raise additional capital to fund future operations and repay its existing indebtedness, and the uncertainties involved in estimating market opportunities. All such forward-looking statements are current only as of the date on which such statements were made. The company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.