DuraSwitch Announces Public Offering

PHOENIX--(BUSINESS WIRE)--Aug. 27, 1999--DuraSwitch Industries Inc. (AMEX:DRA 
- news) Friday commenced a public offering of 2 million shares of common stock at a price of $5 per share. 

The offering is being managed by the company's underwriters, Cruttenden Roth Inc. The company has granted the underwriters an
option to purchase an aggregate of up to 300,000 additional shares of common stock for the purpose of covering over-allotments,
if any. 

A 4.25 to 1 reverse split of all shares of common stock has been effected and is reflected in the AMEX trading, which
commenced today under the symbol ''DRA.'' The company's stock was previously traded on the OTC Bulletin Board under the
symbol ''DSWT.'' 

Copies of the prospectus relating to the offering may be obtained from Cruttenden Roth Incorporated, 24 Corporate Plaza,
Newport Beach, CA 92660. 

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission on
Aug. 26, 1999. 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the
securities laws of any such state. 

DuraSwitch, based in Mesa, Ariz., develops, manufactures and distributes custom electronic switches and integrated controls
panels featuring a patented, innovative technology developed by the company utilizing a magnetic-based design. 

Contact: 

     DuraSwitch Industries Inc.
     Terren Dunlap, 602/586-3300
        Email: shareholder@duraswitch.com

 More Quotes and News:
                     DURASWITCH INDS (AMEX:DRA - news)
 Related News Categories: computers, internet