Harvard Scientific Corp. to become Dorset Technology Inc.

LAS VEGAS--(BUSINESS WIRE)--June 21, 1996--A special meeting of stockholders was held June 19, 1996 and authorized the corporate name change of Harvard Scientific Corp. (OTC BB:HVSF) to Dorset Technology Inc.

Effective July 1, 1996, the newly named company will trade under a new NASDAQ symbol not yet confirmed.

In addition, the stockholders obtained approval of a reverse split of the company's common stock requiring two shares of the presently outstanding stock surrendered for one share of the newly related common stock. Stockholders voted to maintain the authorized capitalization capacity of 100 million shares of common stock, par value one mill ($0.001) per share.

According to corporate records, immediately preceding the reverse split, the company had 8,979,125 shares issued and outstanding, of which more than 7 million are restricted from registration and trading until after November 1997. The current shares in the float at this time approximates 960,000 shares. The resulting reverse split will reduce these figures to one-half of their current levels.

The company will absorb the expense for the next 30 days for requiring Harvard Scientific Corp. certificates to be surrendered to Nevada Agency & Trust, Reno, Nev. (phone [phone]) to receive the new trading stock in Dorset Technology Inc.

The company effected the name change to avoid confusion with another company by the same name and believes these actions will positively impact operational pursuit of regulatory approval for its treatment for male erectile dysfunction in selected marketplaces throughout the world and identify pharmaceutical concerns to market the product through their established distribution channels.

CONTACT: Harvard Scientific Corp., Las Vegas 

Neal Armstrong, 702/796-1173