Canton's properties should benefit from strong Salt Lake City market.

SALT LAKE CITY--(BUSINESS WIRE)--June 20, 1995--Canton Industrial Corp. (BSE:CND) (OTC BB:CICP) announced Tuesday that with Salt Lake City being selected as the site of the 2002 Winter Olympic Games many of the company's properties should appreciate in value.

Canton currently holds properties located throughout downtown Salt Lake City.

One such property is the Wallace-Bennett Building. The building is located directly adjacent to the new convention center in downtown Salt Lake City. Wasatch Capital, a subsidiary of Canton, purchased the property in November 1994 for $800,000. Canton Industrial is holding a 20 percent interest in the property. The company believes that it will be able to sell this property for $3-4 million due to the building's proximity to the new convention center, the currently improving real estate market, and the recent selection of Salt Lake City as the host of the 2002 Winter Games.

Canton Industrial Corp. is an international holding company. Through its subsidiaries, Canton provides a wide range of financial consulting services to corporations, institutions, and professional firms in markets throughout the world.

CONTACT: Canton Industrial Corp., Salt Lake City

L.J. Perry, 801/575-8073 or 801/575-8092 (fax)