POST FALLS, Idaho, Oct 21, 2004 (BUSINESS WIRE) -- Lifestream
Technologies,
Inc. (OTCBB:LFTC), the leading supplier of cholesterol monitors, announced
today
that preliminary numbers indicate shipments for the first quarter of
FY2005
increased 108% over shipments for the first quarter of FY2004.

"We see the increase in shipment numbers as a move by our customers to
build
inventory and to cover retail sales. September shipment numbers are
indicative
of our broad-based efforts, particularly in marketing and increased
distribution," said Christopher Maus, President and CEO. "It appears our
increased distribution, acceptance by the television-shopping network's
viewers,
and other marketing efforts are having an impact on our retailers.
Shipment
numbers indicate the retailer is either increasing inventory or supporting
sell-through."

Lifestream's revenue recognition policy does not necessarily result in
revenue
recognition at the time product is shipped. As a result, shipments are not
an
indicator of the revenue to be reported on the financial statements.

About Lifestream Technologies

The Company developed and currently markets a line of cholesterol monitors
to
consumers and healthcare professionals that provide test results in three
minutes.

The Company's product line aids the health conscious consumer in
monitoring
their risk of heart disease. By regularly testing cholesterol at home,
individuals can monitor the benefits of their diet, exercise and/or drug
therapy
programs. Monitoring these benefits can support the physician and the
individual's efforts to improve compliance. Lifestream's products also
integrate
a smart card reader further supporting compliance by storing test results
on an
individual's personal health card for future retrieval, trend analysis and
assessment.

Lifestream's monitors are affordable, hand-held devices. The product line
has
been designed to accommodate the Personal Health Card(R) allowing multiple
users
the ability to store their personal results. Lifestream's products are now
available in pharmacy and retail outlets nationwide. To find retailers
that
carry Lifestream's products, go to "Store Locator" on www.knowitforlife.com or
contact Customer Care at 888-954-LIFE. For Company information, visit www.lifestreamtech.com.

This news release includes certain forward-looking statements within the
meaning
of the safe harbor protections of Section 27A of the Securities Act of
1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended.
Such forward-looking statements include, but are not limited to,
statements
regarding our current business plans, strategies and objectives that
involve
risks and uncertainties, and in particular statements referring to our
expectations for increased market penetration and improved gross margins
from
our recently introduced second generation consumer monitors and statements
regarding our expectations that we can obtain necessary additional
financing and
investment. These forward-looking statements involve risks and
uncertainties
that could cause actual results to differ from anticipated results. The
forward-looking statements are based on our current expectations and what
we
believe are reasonable assumptions given our knowledge of the relevant
markets;
however, our actual performance, results and achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements. Factors, within and beyond our control, that could cause or
contribute to such differences include, among others, the following: the
success
of our capital-raising and cost-cutting efforts, developing and marketing
relatively new medical diagnostic devices, including technological
advancements
and innovations; consumer receptivity and preferences; availability,
affordability and coverage terms of private and public medical insurance;
political and regulatory environments and general economic and business
conditions; the effects of our competition; the success of our operating,
marketing and growth initiatives; development and operating costs; the
amount
and effectiveness of our advertising and promotional efforts; brand
awareness;
the existence of adverse publicity; changes in business strategies or
development plans; quality and experience of our management; availability,
terms
and deployment of capital; labor and employee benefit costs; as well as
those
factors discussed in "Item 1 - Business," "Item 6 - Management's
Discussion and
Analysis and Plan of Operations," particularly the discussion under "Risk
Factors - Substantial Doubt as to our Ability to Continue as a Going
Concern"
and elsewhere in our most recent Annual Report on Form 10-KSB for our
fiscal
year ended June 30, 2004, filed with the United States Securities and
Exchange
Commission. Readers are urged to carefully review and consider the various
disclosures made by us in this report and in the aforementioned Form
10-KSB, and
those detailed from time to time in our other reports and filings with the
United States Securities and Exchange Commission that attempt to advise
interested parties of the risks and factors that are likely to affect our
business.

SOURCE: Lifestream Technologies, Inc.