ThermaFreeze Inc. (OTCBB:THFZ) announced the signing of an exclusive license for the ThermaFreeze Patent Pending perishable food delivery/shipping system with DeliverSafe.Com Inc. of Los Angeles.

An initial license fee of $250,000 has been paid with the balance of $7.75 million to be paid from a 50/50 division of investment receipts from a current DeliverSafe.Com Private Placement and anticipated near term IPO. The license agreement also requires ThermFreeze to transfer all food customers and prospective food customers to DeliverSafe.Com.

Many of the prospective customers' products have recently been or are currently in the company's test facility determining various DeliverSafe system solutions to their respective perishable food shipping/delivery problems.

Companies in these categories include one of the largest U.S. candy manufacturers, one of the largest U.S. candy distributors, one of the largest U.S. grocery chains for perishable food non-attended home delivery, one of the largest fast food chains in the world, fresh and frozen fish and meat suppliers, and home delivery of dairy products including ice cream.

The DeliverSafe system allows multiple days shipping via UPS, FedEx, Airborne and all surface or air carriers for all frozen or fresh perishable food. The system is designed for small and medium- sized perishable food shipments and therefore ideal for both business and consumer Internet sales.

This release contains forward-looking statements, as defined in section 21E of the Securities Exchange Act of 1934, and includes ThermaFreeze Inc.'s beliefs, expectations or intentions regarding its future operations and financial condition. All forward-looking statements included in this release are based on current expectations that involve risks and uncertainties, which might cause the actual results to differ materially from those projected in any forward-looking statements. Factors affecting results include the timely development and implementation of technologies and services, the market awareness and acceptance of these technologies and services, competitive factors and pricing pressures, changes in product mix due to market demand, the overall market demand for Internet services and the ability of the company to protect its proprietary information. ThermaFreeze Inc. assumes no obligation to update any forward-looking statements.


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Contact:

ThermaFreeze Inc., Mobile
Joseph Murray, 334/666-2011
thermob@bellsouth.net