Portland, Oregon – July 2, 2002 – OXIS International, Inc. (OTC BB: OXIS) (Nouveau Marché: OXIS), a leading developer of technologies and products used in the analysis, treatment and prevention of oxidative stress, announced the selection of Obidicut LLC to head up its communications and Public Relations programs. Obidicut will provide strategic communications counsel, public relations services and Web conferencing programs to promote OXIS' Health Products assays, nutraceutical products and therapeutic technologies.

"With the latest round of financing, OXIS has experienced expanded interest in its oxidative stress technologies," stated Ray R. Rogers, chairman and CEO of OXIS. "Obidicut will be instrumental in communicating our product and technology advancements to both the worldwide R&D community studying oxidative stress, and pharmaceutical and nutraceutical companies to advance the commercialization of OXIS products."

"Current scientific data points to the production of free radicals as the cause of many diseases, as well as the aging process itself," stated Will Anderson, co-founder of Obidicut. "It is exciting to be working with an international leader such as OXIS in addressing the health and aging issues of oxidative stress caused by free radical production. Its patented technologies and products are on the leading edge of developments in the medical, cosmetic and veterinarian industries."

OXIS, headquartered in Portland, Oregon, focuses on developing technologies and products to research, diagnose, treat and prevent diseases associated with damage from free radical and reactive oxygen species – diseases of oxidative stress. OXIS has been awarded more than 45 patents in the United States and Europe, sells 29 oxidative stress assays of which 19 were internally developed, and offers a catalog of 149 products focused on the study of oxidative stress. The Company also holds the rights to three therapeutic classes of compounds in the area of oxidative stress.

About Obidicut

Obidicut delivers a suite of proven marketing and sales services accelerated through Web conferencing. The company helps business-to-business clients build awareness, introduce products, generate leads, qualify prospects, and close sales -- all faster and more efficiently. As experienced marketers and Web conferencing experts, Obidicut offers targeted programs, best practices, and cost-effective Web conferencing technology. Obidicut is also the publisher of the Web Seminarian (www.webseminarian.com), a bimonthly e-newsletter serving the Web conferencing industry. Headquartered in Portland, Oregon, the company can be reached via its Web site at www.obidicut.com, or by phone at 503/452-7621.

Obidicut is a trademark of Obidicut, LLC.