Innovative Companies Go Public With Reverse Merger Process.

Business Editors

DALLAS--(BUSINESS WIRE)--Oct. 3, 2000

Alford Refrigerated Warehouses, Inc. (Nasdaq:ALFO); Microwave Transmission Systems, Inc. (OTCBB:MWVT), both of Dallas; and KMG Chemicals, Inc. (Nasdaq:KMGB) of Houston are among the rapidly growing ranks of companies that have chosen to go public using the reverse merger process.

The reverse merger is acknowledged by industry experts as the most common IPO alternative for privately owned small and midsize companies that want the benefits of being a public company without the expense and complexities of the traditional IPO.

"There are many advantages to being public such as using stock for acquisitions, liquidity for shareholders, and employee stock options," says Tim Halter, President of Halter Financial Group, a Dallas firm, and a nationally recognized specialist in the reverse merger process. "The reverse merger is a viable alternative particularly for companies who are looking to grow through acquisitions."

"We have worked with many clients who have gone public through both the traditional IPO, and the reverse merger process. It is the particular situation of the company that should guide how they choose to achieve the ultimate goal of being a public company. The important thing is for the company to select the route that meets their needs in the most cost- and labor-effective manner," says Larry King, a Dallas CPA with extensive experience in IPO's, reverse mergers and SEC issues.

If you are considering taking your company public, KGA Group, a Dallas-based professional services firm, in conjunction with Halter Financial Group will be conducting an in-depth analysis of the reverse merger process during a one-day seminar on November 2, 2000 at the University Club at the Dallas Galleria, Dallas, Texas. For seminar details contact KGA Group at 972/788-4466 or go to www.reversemerger.com. Seating is limited and is by reservation only. The seminar is approved for 7 hours CPE and for 6 hours of CLE.

KGA Group provides accounting and consulting services to emerging growth and middle market businesses including accounting and assurance, financial and tax, strategic management consulting, recruiting, corporate finance, mergers and acquisitions, and business planning and modeling. Halter Financial Group, Inc. is a highly specialized consulting firm dedicated to assisting private companies in becoming public specifically through the reverse merger process. Halter has organized reverse mergers for companies nationwide.

Alford Refrigerated Warehouses is the largest public refrigerated warehousing operation in the Southwest United States. Microwave Transmission Systems fabricates, builds, inspects and maintains wireless and satellite based communication transmitting and receiving facilities for providers of wireless communication services. KMG Chemicals is a manufacturer and distributor of specialty chemicals into niche markets.