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J.A. INDUSTRIES ENTERS INTO MANUFACTURING AGREEMENT

 NEW YORK, Feb. 9 /PRNewswire/ -- J.A. Industries Inc. (OTC Bulletin Board: JAII) said today it entered into a manufacturing agreement with I.B.I. Interbip Invest located in Budapest, Hungary. The agreement calls for I.B.I. to manufacture exclusively for J.A. Industries electronic ballasts for fluorescent lighting fixtures. This agreement is subject to the approval of the board of J.A. Industries and I.B.I. Interbip Invest, and is anticipated to be complete in February.
 It is the intention of J.A. Industries Inc. to set up a separate subsidiary to market and distribute the ballasts. The electronic ballast market in North America for replacements alone is 150 million units per annum not including new construction of any type. New legislation being enacted in the United States will require that all new building construction have electronic ballasts installed.
 The ballast design that will be manufactured for J.A. Industries Inc. exceeds all industry standards, and management believes that this design is equal or superior to any competitor's products.
 I.B.I. Interbip Invest, with annualized sales of approximately $40,000,000 (U.S.), is a well-established electronic manufacturer with operations in Hungary.
 J.A. Industries intends to commence delivery of ballasts in the second quarter of 1993.
 -0- 2/9/93
 /CONTACT: J.A. Michie of Tiger-Eye Communications, 604-644-8496, for J.A. Industries/


CO: J.A. Industries; I.B.I. Interbip Invest ST: New York IN: SU:

SW-LM -- SE012 -- 4913 02/09/93 19:12 EST
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Publication:PR Newswire
Date:Feb 9, 1993
Words:250
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