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Gold/Mining/Energy : Fantom Technologies (TSE:FTM) -- Ignore unavailable to you. Want to Upgrade?

To: speculatingvalue who wrote (16)	4/7/1998 11:10:00 AM
From: Marcman	Read Replies (1) \| Respond to of 55

NEWS RELEASE!! Not exactly the kind of news release that will set the stock on fire -- but a pretty clear indication that we're in GROWTH mode. GLTUA, Marcman ------- Attention Business Editors: FANTOM TECHNOLOGIES LEASES FACTORY SPACE IN WEST COLUMBIA, SOUTH CAROLINA TORONTO, April 6 /CNW/ - Fantom Technologies Inc. (TSE Stock Symbol: FTM;NASDAQ Stock Symbol- FTMTF) today announced that it has signed a lease for approximately 35,000 sq. ft. of factory space in West Columbia, SouthCarolina. Commenting on the signing of the lease, Fantom Technologies' President &CEO Allan Millman said, ''These premises, when combined with our Welland,Ontario facility, provide us with a total of about 114,000 sq. ft. of factoryspace to support the growth of our existing products as well as our aggressiveplans for new products. In addition, it gives the Company a physical presencein the United States, where the bulk of our sales occur.'' He added that, among other activities, the West Columbia space would beused to refurbish vacuum cleaners, a function that is presently being done bya third party in the Buffalo, New York area. Fantom Technologies Inc. designs, manufactures and markets vacuumcleaners based on proprietary, dual-cyclonic vacuuming technology. Thistechnology eliminates the use of filter bags and provides constant peakcleaning power versus the declining cleaning power often experienced withconventional vacuums using filter bags. The Company's main product lineconsists of the FANTOM(R) THUNDER(R) and FANTOM(R) FURY(R) uprights, and the FANTOM(R) LIGHTNING(R) canister which has recently been introduced. TheCompany's products are sold in the United States and Canada viadirect-response television and through mass merchandisers, catalog andcatalog/showroom retailers, warehouse clubs and independent vacuum dealers. -30- For further information: Allan Millman, President & CEO, (416) 622-9740 Ext. 24; Steve Doorey, Vice President, CFO, (905) 734-7476 Ext. 281