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Non-Tech : Wolf Industries (OTCBB:WLFN) -- Ignore unavailable to you. Want to Upgrade?

To: Amanda Marley-Clarke who wrote (44)	8/21/1998 12:45:00 PM
From: Amanda Marley-Clarke	Respond to of 114

August 7, 1998 WOLF INDUSTRIES RECEIVES FAVORABLE MARKET ASSESSMENT REPORT FROM ARTHUR HIESS Government-Funded Report Predicts Sales of $34M in 1999 Based on 7% Market Share (SEATTLE, WA., AUGUST 7, 1998) Wolf Industries' (OTCBB:WLFND) (http://www.wolfindustries.com ) President Pat McGowan announced this morning that the Company received a "Market Assessment Report" from Arthur Hiess. The Report was funded by the National Research Council of Canada and British Columbia's Information, Science and Technology Agency. This independent study confirms management projections. The Report included the following statement under the section entitled "Technology Assessed": [Wolf Industries'] Dental Spectrophotometer (to be known commercially as the Dental Color Analyzer or DCA) replaces the manual shade tab system used in most dental offices with an automated system that provides optimum light conditions for shade sensing and displays the results on a digital readout. The system greatly reduces the incidence of mismatching of shades between cosmetic restorations and natural unrestored dentition." Arthur Hiess studied the "Current Market Situation" and the Dental Color Analyzer's market potential in the U.S. and Canada. The research firm estimates that the DCA "can attain" a 7% market share next year -- its first year of commercialization - and potentially sell units to 11,100 dentists yielding revenue of more than $34 million. The Report includes analysis of market potential in Europe and estimates sales of more than $6 million over the next three years. Within three years, the firm estimates 12% market penetration in North America producing revenue of more than $60 million. To request a copy of the report, please contact Wolf Industries, tel. 800-545-7214. Wolf Industries, Inc. is a dental technology company with worldwide manufacturing and marketing rights to the DCA (Dental Color Analyzer), a leading edge technology to the dental industry which utilizes optical fibre spectroscopy for use in determining accurate, true measurement of shades and colors of dental materials. On Behalf of the Board of Directors, Patrick McGowan President and Chief Executive Officer Wolf Industries Inc. For more information contact Amanda Marley-Clarke at 1-888-253-6657

To: Amanda Marley-Clarke who wrote (44)	8/21/1998 12:53:00 PM
From: Amanda Marley-Clarke	Read Replies (1) \| Respond to of 114

Friday August 21, 3:35 am Eastern Time Company Press Release Westergaard Broadcasting Network.com Licenses Internet Cyberstation WBN-WLFND to Dental Device Manufacturer Wolf Industries $45 Million Revenue Potential Within Two Years Seen For Dental Color Analyzer NEW YORK--(BUSINESS WIRE)--Aug. 21, 1998-- Internet publisher Westergaard Broadcasting Network.com (www.wbn.com), a service of Westergaard Online Systems, Inc. (OTC BB:WSYS - news), reported this morning that Internet cyberstation WBN-WLFND was activated early today under license to Wolf Industries, Inc. (OTC BB:WLFND - news). Seattle-based Wolf Industries, a dental technology company, holds exclusive worldwide manufacturing and marketing rights to the Dental Color Analyzer (DCA), a cosmetic dental device employing proprietary fiber-optic spectroscopy technology to color-match teeth. Conventional dentistry relies on ''shade guides'' to match tooth coloring during cosmetic and restorative work. The DCA is the first device employing solid state technology to save time, reduce costs and provide quality assurance for what is now a cumbersome, hit or miss procedure. The DCA is scheduled to be launched this fall. The WBN-WLFND investment scenario calls for 12,000 units to be sold in FYDec99 at an average net price of $2,500 yielding $30 mm in revenue. Net income estimates project $8 mm/$0.90 EPS on 9 mm shares. WBN estimates include revenue-sharing assumptions drawn from analyzing typical distribution agreements with industry leaders Henry Schein Inc. (Nasdaq:HSIC - news; NSDQ-HSIC) and Patterson Dental Co. (Nasdaq:PDCO - news; NSDQ-PDCO). Estimates for FYDec2000 call for sales of 18,000 units yielding revenues of $45 mm and net income of $15 mm/$1.40 EPS. There are other potential applications of the technology not factored into these estimates. On August 7, WLFND received a Canadian government-funded market assessment report estimating sales for DCA of $34 mm in FY99 assuming a 7% market share. Producer of the study, the market research firm Arthur Hiess, projects a 12% market penetration in North America in three years producing revenue of $60 mm. Cyberstation WBN-WLFND at www.wbn.com will provide a complete, always up-to-date presentation of Wolf Industries to 20,000 visitors daily at Westergaard Broadcasting Network.com and its sister channels, Westergaard Year 2000, Westergaard Security2001, and Westergaard Y2K Speaker's Bureau. The WBNcyberstation format -- ''The New DNA of Investment Research -- features a Briefing Room introducing WLFND to new investors and 18 ''cyberstudios'' encompassing institutional analysis, financial analysis, and interactive features such as ''Ask the Analyst'' and WBNcyberPatrol(TM), a service designed to ferret out misrepresentations and fraudulent postings on Internet message boards such as Silicon Investor and Motley Fool. ------------------------------------------------------------------------ Contact: Westergaard Broadcasting Network.com, New York Anne Straton Managing Editor 212/947-3853 anne@westergaard.com