EXHIBIT 14


                           PROFILE TECHNOLOGIES, INC.

                        FINANCIAL CODE OF ETHICAL CONDUCT
                        ---------------------------------


     Profile Technologies, Inc. (the "Company") is committed to adhering to the
highest ethical standards with respect to its financial management and the
disclosure of financial information in connection with the business and
operations of the Company. The Company's Chief Executive Officer, the President
and Chief Operating Officer (the "Chief Executive Officers") and the Chief
Financial Officer and other financial managers of the Company (the "Financial
Managers") play a critical role in assuring that the Company adheres to these
high ethical standards. This Financial Code of Ethical Conduct sets forth
principles to which the Chief Executive Officers and the Financial Managers are
expected to adhere and advocate.

     You agree, to the best of your knowledge and ability, to:

     1.   Act with honesty and integrity and at all times avoid all actual or
          apparent conflicts of interests between your personal and business
          relationships.

     2.   Comply with any conflict of interest policies and other provisions of
          any of the Company's applicable policies or guidelines as may be
          established from time to time relating to the areas covered by this
          Code.

     3.   Provide full, fair, accurate, timely and understandable disclosure to
          the Chief Executive Officer, President, Chief Financial Officer and
          Chief Operating Officer and the Audit Committee of the Company's Board
          of Directors of all material information known to you regarding the
          current or future financial condition or financial performance or the
          business of the Company.

     4.   Promote and help to assure full, fair, accurate, timely and
          understandable disclosure in all reports and documents that the
          Company files with the Securities and Exchange Commission and in other
          public communications by the Company.

     5.   Comply with all laws, statutes, rules, regulations and stock exchange
          or national quotation system listing standards, to the extent
          applicable to the conduct of your duties and responsibilities.

     6.   In performing your duties and responsibilities, act in good faith,
          with due care, competence and diligence, responsibly, without
          misrepresenting any material fact, and without allowing your
          independent judgment to be compromised or subordinated.

     7.   Respect the confidentiality of information acquired in the course of
          your work except when authorized or otherwise legally obligated to
          make disclosure and not use such confidential information for personal
          advantage.

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     8.   Promptly report all violations of this Code to the general counsel or
          corporate secretary of the Company.

     You are prohibited from directly or indirectly taking any action to
fraudulently influence, coerce, manipulate or mislead the Company's independent
public auditors for the purpose of rendering the financial statements of the
Company misleading.

     You understand that you will be held accountable for your adherence to this
Financial Code of Ethical Conduct. Your failure to observe the terms of this
Code may result in disciplinary action, up to and including termination of
employment. Violations of this Code may also constitute violations of law and
may result in civil and criminal penalties for you, your supervisors and/or the
Company.

     If you have any questions regarding the best course of action in a
particular situation, you should promptly contact the general counsel or
corporate secretary of the Company. You may choose to remain anonymous in
reporting any possible violation of this Code.