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PRESS RELEASE

 LOS ANGELES, Sept. 21 /PRNewswire/ -- EIF Holdings, Inc. (EIF) and Metalclad Corporation (METALCLAD) announce that they have entered into negotiations for the acquisition by EIF Holdings, Inc. of Metalclad Insulation Corporation and Metalclad Environmental Contractors, two of Metalclad's wholly owned subsidiaries which are engaged in industrial insulation contracting services in California. If terms acceptable to both EIF and Metalclad are reached, the parties anticipate that the transaction will be consummated prior to Dec. 31, 1993.
 The proposed sale of Metalclad's insulation service business does not include any of Metalclad's business in Mexico which are conducted through another subsidiary, ECO-Metalclad, Inc.
 -0- 9/21/93
 /CONTACT: Financial Telesis, Inc., EIFH Investor Relations, 808-595-0721/


CO: EIF Holdings, Inc., Metalclad Insulation Corporation,
 Metalclad Environmental Contractors ST: California IN: CST ENV SU: TNM


NY-LM -- LA006 -- 4024 09/21/93 09:25 EDT
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Publication:PR Newswire
Date:Sep 21, 1993
Words:138
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