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S.O.I. INDUSTRIES IN ACQUISITION NEGOTIATIONS

 HIALEAH, Fla., Sept. 17 /PRNewswire/ -- S.O.I. Industries, Inc. (NASDAQ: LAMP) today announced that it is currently in negotiations to acquire a profitable manufacturing company with sales in excess of $18 million.
 The value of the proposed acquisition is approximately $3 million which shall be paid for with S.O.I. common stock. If completed, the acquisition will have a net positive effect to the company's earnings per share calculation. The consummation of the planned acquisition is subject to the execution of a definitive agreement, the approval of directors of the respective companies and representations, warranties, covenants and conditions customarily contained in agreements for similar transactions.
 If the acquisition is consummated, S.O.I. would have combined sales of approximately $40 million.
 -0- 9/17/93
 /CONTACT: Don Courtney, 305-835-2214, for S.O.I. Industries, Inc./
 (LAMP)


CO: S.O.I. Industries, Inc. ST: Florida IN: SU: TNM

SH-CK -- NY012 -- 3113 09/17/93 13:10 EDT
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Publication:PR Newswire
Date:Sep 17, 1993
Words:158
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