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                                                                    EXHIBIT 99.1

Press Release

SOURCE: Meteor Industries, Inc.

Meteor Industries, Inc. Completes Merger with Active IQ Technologies, Inc.

DENVER, May 1 /PRNewswire/ -- Meteor Industries, Inc. (Nasdaq: METR - news,
METRW - news) today announced it has completed its previously announced merger
with Active IQ Technologies, Inc. (Nasdaq: AIQT - news). In a related and
concurrent action, Meteor Industries announced that it has completed the sale of
its operating business to its major shareholder, Capco Energy, Inc. (OTC
Bulletin Board: CPEG - news).

Under the terms of the merger, Meteor Industries issued new shares of common
stock and warrants in exchange for all of the equity of Active IQ, such that
Active IQ shareholders own approximately 50% of the merged company. Nasdaq
trading under the symbol METR will cease effective April 30, 2001, and shares of
the merged entity will commence trading May 1, 2001 under the symbol AIQT.

Active IQ CEO, Kenneth Brimmer, commented, "We are pleased to have completed
this important financing transaction. Active IQ is now positioned with
approximately $5 million in cash to execute its business plan."

About Meteor Industries, Inc.

Meteor's present operating business is the distribution of refined petroleum
products. Meteor's primary operations are in the Western United States. In April
2000, the company announced it would review strategic alternatives away from its
historical business with the goal of enhancing shareholder value.

About Active IQ Technologies, Inc.

Active IQ Technologies, Inc. (www.activeiq.com) is headquartered in Minneapolis,
with offices in Boston and Las Vegas. Active IQ Technologies provides products
and services that address the eBusiness needs of small and medium-sized
organizations. The company's Epoxy Network is a service-based solution that
provides fully integrated eBusiness solutions to existing legacy applications.

About Capco Energy, Inc.

Capco, located in Orange, Calif., is a 20-year-old public energy company. The
company's business is to explore, develop and produce oil and gas efficiently
and secure strategic acquisitions, which enables the company to achieve its
objectives. Capco currently holds investments in shares of various publicly
traded companies, real estate assets and producing oil and gas properties.

This press release contains certain "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21
of the Securities and Exchange Act of 1934, as amended, concerning possible
acquisition activities, all of which are based upon the current status of the
Company's negotiation and assumption made by management, and are not intended to
represent actual descriptions or predictions of the future.