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To: BW who wrote (8192)	5/14/2002 10:14:36 AM
From: BW	Respond to of 48461

Electric Fuel Wins $500,000 in New Defense Contracts-New Orders forAdditional US Army CECOM Batteries and Tooling; Initial Contract for US ArmyLand Warrior Program NEW YORK, May 14, 2002 /PRNewswire-FirstCall via COMTEX/ -- Electric Fuel Corporation (Nasdaq: EFCX), the world's leading zinc-air fuel cell company, today announced that its Defense and Security Systems Division has received new US Army contracts totaling just over $500,000. Electric Fuel received a follow-on contract from U.S. Army's Communications Electronics Command (CECOM) at Fort Monmouth for provision of additional advanced zinc-air battery packs and for enhancements to the Company's pilot production line in Auburn, Alabama. CECOM has partially funded the development and evaluation of Electric Fuel's advanced zinc-air batteries for high-power military applications since 1998, and to date more than 300 batteries have been field-tested by various units of the US Armed Forces. In a further development, the Company also received an initial CECOM sub-contract to develop and supply prototype batteries for the Land Warrior program, the Army's integrated soldier fighting system for the dismounted infantryman. Electric Fuel's lightweight, low-cost primary zinc-air batteries have approximately twice the energy capacity per pound, compared with the primary lithium battery packs used extensively throughout the US Armed Forces, and 3 to 8 times that of commercial alkaline batteries. Electric Fuel President and CEO Yehuda Harats said, "Our zinc-air technology is uniquely suited to meeting the high-power, high capacity needs of military and homeland security applications, and we expect to see continued growth in this sector." About Electric Fuel

To: BW who wrote (8192)	5/14/2002 10:31:58 AM
From: Fudd	Read Replies (1) \| Respond to of 48461

DCH... RISKS RELATED TO DCH'S OPERATIONS WE ARE IN IMMEDIATE NEED OF ADDITIONAL CAPITAL. We are currently experiencing a very severe cash shortfall. We have been seeking a strategic investor or partner, but to date have not reached any agreement or understanding with any such party. We obtained the majority of our capital during the first quarter of 2002 from the sale of equity securities, but do not currently have free-trading shares available for public sales under a registration statement. We may from time to time raise funds from private placements of equity or debt securities; however, we currently have not entered into any agreement or other understanding regarding any private placements. If we raise additional funds from private placements of equity or convertible debt securities, the percentage ownership of our shareholders will be diluted. Obtaining capital will be challenging in a difficult environment, due to the economic downturn in the United States economy. In the event that we cannot secure sufficient working capital in the next few weeks, we will be required to pursue certain strategic options including but not limited to curtailing our operations or selling all or a portion of one or more of our divisions. WE HAVE A HISTORY OF LOSSES, AND WE EXPECT LOSSES FOR THE NEXT TWO FISCAL YEARS; WE MAY NOT BE ABLE TO CONTINUE AS A GOING CONCERN. Since our inception in November 1994, we have incurred substantial losses. Our comprehensive net loss equaled $1,477,756 for the three months ended March 31, 2002. For the year ended December 31, 2001, we had a comprehensive net loss of $9,935,119. We had an accumulated deficit of $27,691,844 at March 31, 2002. biz.yahoo.com edit Boyd didn't know if you seen this