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Microcap & Penny Stocks : SLSI - Ready to explode!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Altman who wrote (189)	3/31/1999 11:20:00 PM
From: DADEPFAN	Read Replies (4) \| Respond to of 237

I guess nobody saw this news today. Any comments? Dave D Major Electrical Distributor, Norton Electric Wholesale, To Market UNIDIM Ballasts Initial Order Of 200 Units Represents First Large Commercial Sale Of Unique HID Power Supplies March 31, 1999 07:42 AM HANOVER, Md., March 31 /PRNewswire/ -- SLS Industries, Inc. SLSI announced an initial order for 200 of its 150-250W Metal Halide (MH) UNIDIM(TM) ballasts to Norton Electric Wholesale of Los Angeles, California. "We are pleased that Norton has chosen to bring our UNIDIM ballasts to market," said SLS president Richard Pazornik, "and we are confident that Norton's customers will be pleased with the energy and cost-savings realized by using our products." The sale marks the first large commercial purchase of SLS's proprietary UNIDIM ballasts by an independent distributor. Units will be sold through Norton for use in low-bay applications, recessed ceiling fixtures and other commercial applications. UNIDIM ballasts offer a number of important and unique features that combine energy savings, environmental advantages, and reduce maintenance costs in a lighter, cooler, noise-free package. Unlike conventional ballasts, UNIDIM ballasts allow continuous dimming of MH lamps from 50%-100% and HPS lamps from 40%-100% of relative light output. In combination with an ambient dimming system, current tests reveal substantial energy savings: 250W UNIDIM ballasts dimmed to 50% of lamp power can save up to 170W over a standard core and coil ballast. Established in 1916, Norton Electric Wholesale is one of the nation's oldest electrical distributors. Norton specializes in power and control connectors and carries a full line of electrical products serving the commercial, industrial and entertainment markets. In addition to its standard distributor services, Norton offers electronic commerce capabilities, systems supply contracting, just-in-time delivery, and integrated supply. For more information, visit the company's web site at: nortonelectric.com. As a Green Lights Ally, SLS Industries is committed to developing energy efficient lighting products for commercial and industrial use. The company offers the latest technology in dimming and non-dimming ballasts for HID lighting. SLS maintains a state-of-the-art R&D facility in Hanover, Maryland, in the Baltimore-Washington corridor. SLS is an affiliate of the University of Maryland's Technology Advancement Program (TAP). UNIDIM is a trademark of SLS Industries, Inc. For further information, visit the company's web site at: unidim.com. Contacts: Charles Osher, V.P., marketing & sales, SLS Industries, (410) 712-4155, fax (410) 712-7624, or e-mail, cosher@unidim.com; James Dryer/Geoffrey Plank, Investor Relations, (561) 655-7575, fax (561) 655-2171, or e-mail, jamesdryer@aol.com; Walter Norton, president, Norton Electric Wholesale, (323) 222-7181, or fax (323) 222-2709. Safe Harbor Act notice: This release may contain forward-looking statements that involve risks and uncertainties, including, without limitation, acceptance of the company's products, approval of its products by industry regulatory organizations, increased levels of competition, product and technological changes, the company's dependence upon financing and third- party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice.

To: Geoff Altman who wrote (189)	4/2/1999 9:17:00 PM
From: crj_	Read Replies (4) \| Respond to of 237

The story on the law suit I talked to Ron Spire, SLS Chairman, today. He explained the full story on the law suit. It seems that a while back SLS contracted with a bridge financing firm to get $300,000 worth of bridge financing. This firm lined up some investors to provide the financing. However, SLS only got $120,000 worth of the $300,000 that they were promised. The other money was appropriated by the person who did the deal at the bridge financing firm. SLS has set aside the $120,000 that they got, with interest, and offered to give it back to the investors, but they of course want the whole $300,000. SLS doesn't want to pay for money that it never received. So, all sides have agreed that the best thing to do is to get it into court so that SLS can prove in a legal setting that it did not get the full amount of money, and then the investors can go after the bridge financing firm and the person who absconded with the money. This is in no way related to the ballasts or a shareholder lawsuit or anything like that. It is really the result of a bad apple at the bridge financing firm. It does not appear that it will have a large financial effect on SLS, since they have already set aside the money, and can prove that they did not receive the full amount promised. Aside: It has been a while since I last posted. I've just moved in to a new house and have been pretty busy. Ron Spire was also very enthusiastic about the future of SLS. I will summarize his thoughts in this area next week. For now, its off to paint. I didn't want the law suit thing to be hanging out there without explanation.