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Technology Stocks : Daw Technologies DAWK

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To: Jim Babcock who started this subject	8/14/2000 10:04:05 PM
From: GARY P GROBBEL	Read Replies (1) of 607

very busy day here..another release late today: Daw Technologies, Inc. Announces Sale of Sleeper Cab Operations SALT LAKE CITY, Aug. 14 /PRNewswire/ -- Daw Technologies, Inc. (Nasdaq: DAWK - news) today announced the completion and execution of an Asset Purchase and Sale Agreement with Western Star Trucks US Inc. for the Company's Sleeper Cab Operations, located in Salt Lake City, UT. In addition to the acquisition of net assets and liabilities, Western Star Trucks US Inc. has entered into an agreement with the Company for a limited specified time period to provide labor and management services for Western Star's sleeper cab operations in Salt Lake City. Western Star Trucks US Inc. has also entered into a short-term lease for the factory space currently occupied by the sleeper cab operation. The Company's contract manufacturing division, (Advanced Manufacturing), will also provide manufacturing and powder coat paint services required by Western Star for the duration of agreement. According to Michael Shea, business unit president of the Company's Advanced Manufacturing division, ``The sale of the sleeper cab operations will have a very positive impact on net income and overall manufacturing operations. It will positively impact our cash flow and will generate profitable revenue for the duration of the agreement. Our strategy continues to be what we have previously prescribed; to aggressively develop and pursue business opportunities that will selectively diversify the Company. We will continue to secure new customers in diverse industries and markets where we can apply our technology and expertise and that will maximize our growth and profitability.''

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