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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp -- Ignore unavailable to you. Want to Upgrade?

To: Steven Messina,L.M.T. who wrote (855)	5/12/1998 3:12:00 PM
From: Bill M	Read Replies (1) \| Respond to of 1028

L. L. Knickerbocker Announces Completion of Ontro, Inc. Initial Public Offering LAKE FOREST, Calif. -- The L. L. Knickerbocker Co., Inc. (Nasdaq: KNIC) announced today that Ontro, Inc., (Nasdaq: ONTR) in which it holds an equity interest, has completed the initial public offering of 3,400,000 Units at a price of $5.50 per Unit. Each Unit consists of one share of Common Stock and one three-year redeemable Common Stock purchase Warrant (the "Warrants") to purchase one share of Common Stock at $8.25 per share. Ontro's Common Stock and the Warrants are listed on the Nasdaq SmallCap Market under the trading symbols of ONTR and ONTRW, respectively. All of the Units were offered by Ontro. Ontro, Inc. is engaged in the research and development of integrated thermal containers. The containers are similar to typical beverage containers in size and shape and are activated by the consumer to heat the contents within a few minutes. Ontro seeks to market its container technology to develop and expand a consumer market for remote and mobile heating of beverages and other products. The L. L. Knickerbocker Co., Inc. is a diverse international company with operations in three strategic divisions: collectibles, jewelry and investments. The Company markets all of its products worldwide. Through its investments division, it has a 50% interest in Arkenol Asia, Inc., an approximate 32% equity interest in Pure Energy Corporation and a 28% equity interest in Ontro, Inc. For more information visit The L. L. Knickerbocker Company web site at www.knickerbocker.com. This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices, and other factors. The Company's actual results could differ materially from those projected in the forward-looking statements as a result of the factors described herein. /CONTACT: Louis L. Knickerbocker, The L. L. Knickerbocker Co., 714-595-7900; or Fran Daniels, Financial Sciences of America for The L. L. Knickerbocker Co., 310-278-4413/ "Copyright(c) 1998, PR Newswire" "Provided by Dow Jones & Company, Inc."