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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (30019)	11/18/1999 2:53:00 PM
From: lizard lick	Respond to of 108040

PRCC---news just out , its a CHINA play with tiny float Pollution Research and Control Corp. Establishes Dominant Role in China's (Business Wire 11/18 14:20:50) Enormous Air Pollution Monitoring Market Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--Nov. 18, 1999--A. E. Gosselin Jr., president and chief executive officer of Pollution Research and Control Corp. (Nasdaq:PRCC), announced today that China's admittance into the World Trade Organization (WTO) would result in a significant reduction of duty charged by Chinese customs on the company's air pollution monitoring equipment. Since June of this year, the company's wholly owned subsidiary, Dasibi Environmental Corp (DEC), has shipped air pollution monitoring systems valued at approximately $5 million under an eleven city, Phase I contract with China's State Environmental Protection Administration ("SEPA"). Gosselin stated, "The company has received a number of inquiries from shareholders and investment professionals regarding the potential impact of China's admittance into the WTO. Although we successfully negotiated no duty charges on our initial shipments to China, related shipments not directly covered under contract incur heavy duty expense. "China's acceptance into the WTO would substantially reduce such export costs, strengthening the company's ability to negotiate on price, while improving profit margins on these related shipments"(a). Gosselin continued, "China now recognizes the critical importance of measuring air quality, and our company has established an advanced entry point in this immense market." As previously announced, PRCC has signed a Letter of Intent and is already negotiating a Phase II contract, encompassing at least twenty-five additional cities and valued at more than $10 million. Further, the company has begun negotiations for the China manufacturing facilities necessary for competing in Phase III, involving more than one hundred additional cities. The ultimate goal of China's State Environmental Protection Agency (SEPA) is a nationwide air monitoring network of 680 cities. The market for air pollution monitoring equipment in China has been estimated at a minimum of $300 million (a). Pollution Research and Control Corp. primarily designs, manufactures and markets air pollution measurement instruments, nationally and internationally, through its wholly owned subsidiary Dasibi Environmental Corp. (a) This paragraph contains forward-looking statements regarding China's acceptance into the World Trade Organization (WTO) and future projects in China that are under negotiation. The award and commencement of these projects is subject to a number of factors including, but not limited to, the company submitting successful bids, the company obtaining additional financing for projects which are awarded, a stable political relationship with China and maintaining perceived leadership positions, among other normal factors of competitive business. --30--jap/la* wja/la CONTACT: Pollution Research and Control Corp., Glendale Albert E. Gosselin Jr., 818/247-7601 or Phoenix Alliance Inc. Phil Huss, 970/259-7241 (investor relations) KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS ENVIRONMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com S.BW PRCC