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KFX, INCORPORATED ISSUES STATEMENT ON STOCK PRICE DECLINE

 DENVER, July 9 /PRNewswire/ -- KFX, Incorporated (NASDAQ/Bulletin Board: KFXI), announced today that there is no fundamental development within the company to account for the recent precipitous decline in the market price. "We have been informed by counsel that there are a number of unsettled trades at various brokerage houses," Ted Venners, president and CEO, stated. "While this has created selling pressure on the stock contributing to the market decline, it does not reflect any change in the strong fundamental outlook for the company. We are looking forward to a timely resolution of the settlement issues," he added.
 KFX Incorporated's corporate mission is to develop clean fuels, related products, and projects anchored by their proprietary technologies. These services are provided domestically, as well as internationally and are clearly reflected in its new identity.
 -0- 7/9/92
 /CONTACT: Thomas M. Dean of Innovative Research Associates, Inc., 212-421-2543, for KFX/
 (KFXI)


CO: KFX, Incorporated ST: Colorado IN: SU:

LG-OS -- NY059X -- 9997 07/09/93 14:49 EDT
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Publication:PR Newswire
Date:Jul 9, 1993
Words:166
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