Western Power & Equipment Corp. Announces Offer From e*machinery.net, Inc.

Business Editors

VANCOUVER, Wash.--(BUSINESS WIRE)--May 24, 2001

Western Power & Equipment Corp. (Nasdaq:WPEC) announces that on May 16 it received an offer from e*machinery.net, Inc. (OTCBB:EMAC.OB) to purchase the business and assets of WPEC for $9,000,000, consisting of

The Board of Directors of WPEC has expressed its concerns to EMAC about the proposal including, but not limited to, accepting EMAC's stock. WPEC's board is waiting for a response from EMAC.

WPEC previously announced that it has entered into an agreement dated November 1, 2000 with Western Power & Equipment, L.L.C., a newly formed entity owned by members of WPEC's management, for the sale of WPEC's assets for $4,100,000 pursuant to a promissory note payable over seven years. This agreement is subject to stockholder approval and will be voted upon at WPEC's next stockholder meeting which WPEC is in the process of scheduling.

WPEC previously announced that its acquisition of Supply Point, Inc., based in San Jose, California, closed on May 16, 2001. The closing documents are being held in escrow subject to certain conditions, including but not limited to, the approval of Deutsche Financial Services, its chief lender, and Case Corporation. Western believes that these conditions will be satisfied.

About Western Power & Equipment Corp.

Western Power & Equipment Corp. sells, leases, rents, and services construction, industrial, and agricultural equipment for Case Corporation and over 30 other manufacturers. The company currently operates 18 facilities in Washington, Oregon, northern Nevada, California, and Alaska.

About Supply Point, Inc.

Supply Point (www.supplypoint.com) was founded in 1997 by a team of accomplished software executives, business architects and software developers with over 100 years of combined experience in Internet technology, manufacturing, order entry, sales force automation and e-commerce.

Supply Point's team developed a technology that enables companies with disparate enterprise systems to quickly become web enabled and provide analytical operations via the Internet for customers, suppliers and internal operations. Supply Point's Applications product suite has the unique ability to link multiple ERP, CRM and other SCM or legacy systems, extracting critical information from each.

Supply Point's mission is not to compete with ERP software providers (e.g., Oracle; SAP; J.D. Edwards; Baan; PeopleSoft; QUAD; and other Mapics), but rather work with them and/or their solution delivery providers to provide enterprise manufacturers and distributors real-time information that empower customers, suppliers, manufacturers, distributors and other business partners to make critical decisions, save money and time, and increase linkage, performance and efficiencies throughout the entire supply chain. This can be viewed as a broad information layer that aggregates and complements ERP, SCM, shop floor control and other applications. Using Supply Point's thin client architecture, business processes are efficiently managed 24/7, and are accessible from a laptop, personal data assistant (PDA), wireless application protocol (WAP) enabled mobile phone, or any other web-enabled device.

Installation of Supply Point's suite of applications is quick and easy and requires little training. Revenues are expected to come from both software sales and maintenance.

This press release contains certain forward-looking statements concerning possible activities, all of which are based upon the current status of the Company's negotiations and assumptions made by management and are not meant to be actual descriptions or predictions of the future. Completion of the transactions described are subject to the satisfaction of a number of conditions which may or may not be met. Projections of future results for Supply Point, Inc. are based upon assumptions made by Supply Point's management and are subject to future market conditions for its products, their ability to market their products successfully and meeting certain development schedules for future products. For a discussion of the contingencies and uncertainties to which the information concerning future events is subject, please refer to the Western Power's annual and/or other SEC reports. Recent filings can be reviewed at "www.sec.gov."