FRISBY TECHNOLOGIES, INC. (NASDAQ - FRIZ), the developer of patented ComforTemp® DCC(TM), the leading brand of dynamic climate control materials, today announced that revenues in the first quarter of 2000 increased to $2.5 million from $1.0 million for the first quarter of 1999, representing an increase of 140%. Product sales nearly tripled to $2.4 million of the total sales for the quarter as compared to $831,000 in the prior period. The net loss in the quarter was $1.3 million or $(0.23) per diluted share versus a net loss of $1.4 million or $(0.27) per diluted share in the first quarter of 1999. The decline in loss during the current year results from increasing sales while holding expenses fairly constant.

Recent business developments at Frisby Technologies include:

The formation of Schoeller Frisby Technologies GmbH, a Switzerland-based joint venture between Frisby Technologies and Schoeller Textil AG, which contributed significantly to the sales for the quarter. Schoeller Frisby Technologies GmbH is the exclusive marketer, seller and distributor of ComforTemp brand foams and fabrics and schoeller®-ComforTemp® textiles to all markets in Europe and to the U.S.-based fashion industry.

Frisby Technologies and Sadesa, one of the world's largest tanneries, developed a process to incorporate ComforTemp into leather footwear products manufactured by Sadesa under the new Thermico(TM) with Comfor Temp DCC brand. Timberland Company and Rocky Shoes and Boots, Inc. will feature new lines containing these products in the fall of 2000.

Bridgestone Corporation, one of the world's top manufacturers of tires and a producer of foam materials for a diverse customer base in the home furnishings and automotive sectors, has begun the joint product development and test marketing of products containing ComforTemp in the Japanese and Asian markets.

Wolverine World Wide, the leading global manufacturer and marketer of branded non-athletic footwear for men, women and children, will introduce selected fall 2000 styles under the Wolverine, Wolverine Sport, Harley Davidson, Bates and HyTest names that will feature ComforTemp materials.

In commenting on the quarter, Greg Frisby, Chairman and Chief Executive Officer stated, "As we continue to aggressively market the ComforTemp brand through our expanding roster of licensees and partners in key markets around the globe, the success of this strategy can be measured by revenue growth at the Company. We have been very pleased with the market acceptance for products containing ComforTemp and plan to generate increased demand for products containing dynamic climate control materials by maintaining our three-pronged approach that comprises building the ComforTemp brand, expanding worldwide distribution and developing new products."

Frisby Technologies is a global leader in the development of dynamic thermal management solutions for the apparel, footwear and sporting goods, packaging, home furnishings, healthcare and electronics industries. ComforTemp warming and cooling foams and fabrics can be found in products from major manufacturers such as Titleist and FootJoy Worldwide, Timberland, Polo Ralph Lauren, Schoeller Textil, Spyder Active Sports, Orvis, Wells Lamont, Wolverine Worldwide, LaCrosse Footwear and Herman Survivors. For more information, contact Frisby Technologies at (877) 444-COMFORT, visit the ComforTemp® Web site at www.comforttemp.com.

This press release contains certain forward-looking statements that relate to Frisby Technologies' future plans and objectives. Those statements are subject to numerous risks and uncertainties that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements, and reported results should not be considered an indication of future performance. Those potential risks and uncertainties include without limitation the uncertainty of the economic environment for the remainder of this year, the need for further development of certain of Frisby Technologies' products and markets, the development of alternative technologies by third parties, the uncertainty of market acceptance and demand for the company's products in the future, and Year 2000 issues affecting the company and its customers and suppliers. Those potential risks and uncertainties are detailed in Frisby Technologies' filings on Form 10-KSB for 1999 and Forms 10-QSB with the Securities and Exchange Commission.


FRISBY TECHNOLOGIES, INC.
Condensed Statement of Operations
(in $000's, except per share data)
(unaudited)

Three Month Ended
March 31,
2000 1999
-------------- -------------
REVENUES:

PRODUCT SALES $2,406 $831
RESEARCH & DEVELOPMENT 21 101
LICENSES & ROYALTIES 36 95
-------------- -------------
TOTAL REVENUES 2,463 1,027

TOTAL COST OF SALES 1,973 846
-------------- -------------

GROSS PROFIT 490 181

SELLING, GENERAL & ADMINISTRATIVE
EXPENSES 1,852 1,664
-------------- -------------

OPERATING LOSS (1,362) (1,483)

MINORITY INTEREST 46 --

INTEREST (EXPENSE) INCOME (16) 75

PROVISION FOR INCOME TAXES -- --
-------------- -------------
NET LOSS $(1,332) $(1,408)
============== =============

LOSS PER SHARE $(0.23) $(0.27)
============== =============

WEIGHTED AVERAGE SHARES 5,752,663 5,120,613


Selected Balance Sheet Data

March 31, 2000 December 31, 1999
--------------- -----------------
(unaudited) (audited)

Total Assets $8,955 $8,420
Shareholders' Equity $3,065 $4,280