To: DR. MEADE who wrote (6566 ) 4/28/1998 5:08:00 PM From: DR. MEADE Read Replies (1) | Respond to of 10903
************************ OT *********************************** Forgive the intrusion, however, I had recommended a look a LOCH to a few posters here last week, and well, the week didn't turn out as well as I had anticipated. This may change, however. Please read the following.********** p.s. In a way, its a little like TPII in that its finally beginning to do business and get exposure. Anyway.....*****************Tuesday April 28, 11:42 am Eastern Time Company Press Release SOURCE: Loch Harris, Inc. Loch Harris' US Aerodyne Sells First Domestic Distributorship AUSTIN, Texas, April 28 /PRNewswire/ -- US Aerodyne, Ltd., wholly owned subsidiary of Loch Harris, Inc. (OTC Bulletin Board: LOCH - news), launched a new distributorship program today with the first region, South Texas, going to Houston, Texas agricultural distributor Jefferson Massey. Aerodyne manufactures solar-powered systems used primarily for water pumps and remote power stations. Loch Harris, Inc. acquires companies, technologies and patents with potential for development and eventual spin-off. Mathew Harris, executive VP/operations and acquisitions for Loch Harris, said the $50,000 licensing fee will include the rights to market all current and future Aerodyne products within the region. ''US Aerodyne's products are among the most efficient in the solar pump industry, and their broadening portfolio is highly competitive,'' said Massey as negotiations were completed last Friday. Four more distributorships will be announced in May, according to Harris, priced according to the size and potential of each region. ''The price of these distributorships takes into account the fact that these first distributorships are participating in a 12-month pilot program,'' he said. ''We expect a significant increase once we have proved the value of this marketing approach.'' The distributorships will be carefully monitored according to Harris. ''We don't want to expand too quickly, but our research shows this approach will make room for maximum sales potential with lowest overhead and most competitive pricing.'' (For information about distributorships, contact the corporate offices of US Aerodyne and Loch Harris at 512-328-7808. For information about Aerodyne solar systems, visit the Loch Harris/Aerodyne Web site at lochharris.com .) Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. SOURCE: Loch Harris, Inc. ------------------------------------------------------------------------ More Quotes and News:Loch Harris Inc (OTC BB:LOCH - news)Related News Categories: aerospace/defense, utilities ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright c 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?