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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8451)	1/13/1998 7:55:00 PM
From: Arnie	of 15196

SERVICE SECTOR / Taro Industries announces Amalgamation 1998-01-13 CALGARY, ALBERTA Taro Industries Limited ("Taro") announced today that at a Special Meeting of its Securityholders, approval was obtained for the amalgamation of Taro with a wholly owned subsidiary of EVI, Inc. ("EVI"). Under the terms of the amalgamation, each Taro shareholder will receive 0.123 shares of EVI for each Taro share held prior to the amalgamation. The effective date of the transaction is expected to be January 15, 1998. EVI, Inc. is an international manufacturer of engineered oilfield products. It manufactures drilling tools, premium tubulars, production equipment and marine connectors. The shares of EVI are listed on the New York Stock Exchange under the symbol "EVI". Taro is a Canadian market leader in the design, fabrication and distribution of pumping, compression and related fluids management systems and equipment for a customer base that includes the upstream and downstream petroluem industry and a wide range of industrial and municipal end users. For further information Frank J. Killoran or T. Jerrold Jackson President and Chief Executive Officer Senior Vice-President Finance and CFO Tel: (403) 219-0241 Tel: (403) 219-0242

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