To: malibu who wrote (35 ) 4/16/1998 4:03:00 PM From: emergencyops Respond to of 124
NEWS ... third licensing agreement! Gary Thursday April 16, 3:01 pm Eastern Time Company Press Release SolPower Fourth Quarter License Sales Reach $4.2 Million SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 16, 1998--Management is pleased to announce the sale of the Solpower Southeast License for $1.2 million. The Southeast territory includes the states of Alabama, Arkansas, Florida, Georgia, Louisiana and Mississippi. This is the third license to be sold by the company and brings fourth quarter License sales to $4.2 million. The company is pleased to announce the appointment of Warren Chester of Fountain Valley, Calif. to the company's Technical Division. Chester attended the University of Calif. (Berkeley), Department of Chemistry and after a distinguished career with the Narmco Materials Division, now Cytec, he established his own company and production facility. He is a specialist in quality control, raw material evaluation and conformance to customer, company and government specifications and qualification of product to new specifications. He has served as plant engineer, moving products from laboratory status to production reality involving equipment and operating procedures, as international marketing manager and as general manager and chief executive officer. Chester will be advising and assisting the company with all technical aspects of Soltron(TM) production, testing and regulatory compliance. For Information Contact Investor Relations: Toll free:888/289-8866 Phone:602/947-6366 Email info@solpower.com website: www.solpower.com ------------------------------------------------------------------------ Contact: SolPower Corp., Scottsdale Corporate Relations, 888/289-8866 or 602/947-6366