Deer Park, NY, Thursday, May 16, 2002 QuesTec, Inc. (OTC BB QSTI), a digital media content provider of real-time measurement, virtual replays and interactive content for entertainment and mainstream professional sports, reported net sales of $162,525 for the quarter decreased by $27,475 or 14.5% over the net sales of $190,000 for the same period of the previous fiscal year. The decrease is attributable to the one-time development fee, which the Company received for the same period of the previous fiscal year from Major League Baseball ("MLB") at the beginning of the Company's previously announced five-year Agreement to develop, install and operate its Umpire Information System ("UIS"). Revenues for the fiscal third quarter ended March 31, 2002 are attributed to the continued expansion and installation of the UIS in Major League and Minor League ballparks, game data processing, Spring Training data collection and the Company's participation at MLB's 2002 Umpire Retreat.

QuesTec's total operating expenses of $161,814 for the quarter decreased by $179,903 or 52.7% from $341,787 for the same period of the previous fiscal year. The Company generated a net loss of $39,541 or $0.00 per share for the fiscal third quarter ended March 31, 2002, as compared to a net loss of $191,612 or $0.01 per share for the third quarter of the previous fiscal year. The improvement in the Company's results of operations from the same period of its prior fiscal year is primarily attributable to continued expansion of the installation and operation of the Company's Umpire Information System for Major League Baseball and a decrease in the Company's total operating expenses.

During the fiscal year ended June 30, 2001, the Company's Board of Directors established clear business strategies and principles relating to business development, operating efficiency, managerial tasks, product pricing, debt reduction and investor relations. The reductions in total operating expenses are the direct result of those efforts.

The Company's net sales of $848,925 for the nine months ended March 31, 2002, increased by $369,623 or 43.5% over the net sales of $479,302 for the same period of the previous fiscal year. The increase is attributable to advertising sales generated by the Company's PitchTrax(TM) virtual replay technology and by the Company's ongoing contractual relationship with Major League Baseball. The Company's total operating expenses of $599,121 for the nine months ended March 31, 2002 decreased by $373,166 or 38.4% from $972,287 for the same period of the previous fiscal year.

The Company continues to make significant progress in the installation and operation of its systems and technology in Major League and Minor League ballparks. QuesTec is also working to establish its Internet baseball content as a unique real-time feature for live game coverage. In October 2001, the Company was contracted to provide FOX Sports.com's interactive video game "Hit The Pros" with pitch content for the 2001 World Series. The "Hit The Pros" game was sponsored by Oral Health America's NSTEP.org, and was used to promote their "Smokeless Tobacco Does Not Mean Harmless Tobacco" campaign.

The Company generated net income of $38,880 or $0.00 per share for the fiscal nine months ended March 31, 2002, as compared to a net loss of $658,302 or $0.02 per share for the first nine months of the previous fiscal year, which represents a positive net change of $697,182 or $0.02 per share. The improvement in the Company's results of operations from the same period of its prior fiscal year is primarily attributable to an increase in its year-to-date net sales and a decrease in its total operating expenses.

The UIS is a new system that was deployed just before the 2001 All Star Break. It is an enhanced version of the Company's core technology. The UIS is a state-of-the-art pitch measurement and reporting system which was developed to integrate with MLB's officiating process and to support their previously announced strike zone initiatives. As part of the agreement with MLB, the Company will install, operate and maintain the UIS for the five-year term of the contract. The Company anticipates revenues to exceed $4 million during the initial five (5) year term of the Agreement.

While the weakness in the economy has had an impact on sports related advertising, the Company does not believe that this will have an impact on its ability to sustain continued revenue growth. The shake-out of the "dot-coms" and the delays with the deployment of interactive television have had an adverse effect on the Company's ability to market and sell its products and services to these sectors. Management is confident that as these sectors evolve and develop the Company is well positioned to capitalize on their growth and content needs.

During the second and third fiscal quarters, the Company has been involved in negotiating an international "License" Agreement for baseball. Management believes that it will deploy the Company's first systems abroad sometime during the next fiscal quarter. This is a direct result of the Company's previously announced efforts to concentrate on existing products and markets, both domestically and internationally.

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Press releases and other QuesTec information are available on the QuesTec web site www.questec.com. For more information on eReplays™, please visit www.ereplays.com For more information about QuesTec, Inc. contact Ron Klimkowski at (631) 243-1880 or email ikit@questec.com.       

"Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995. The statements contained in this release which are not historical facts, including our outlook on the future performance of our core businesses and our growth strategies, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial markets; dependence on existing markets and other risks described in the Company's Securities and Exchange Commission filings.