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AURA SYSTEMS ISSUES STATEMENT ON ACQUISITION NEGOTIATIONS

 EL SEGUNDO, Calif., May 10 /PRNewswire/ -- Aura Systems, Inc. (NASDAQ: AURA), in response to numerous questions raised with respect to the significant increases over the past several days in the price and trading volume of its stock, announced that it is in negotiations to make a material assets acquisition outside of the United States. A spokesperson for the company said that the negotiations are ongoing. However, there can be no assurance that the acquisition will take place or, if it takes place, what the terms will be.
 Aura Systems is engaged in product development commercialization and sales of systems and components using patented and proprietary electromagnetic technologies. The company also publishes and sells computer software.
 -0- 5/10/93
 /CONTACT: Lawrence M. Shultz, senior vice president of Aura Systems, Inc., 310-643-5300, or John A. Germinario of Cameron Associates, Inc., 212-644-9579, for Aura Systems, Inc./
 (AURA)


CO: Aura Systems, Inc. ST: California IN: SU: TNM

PS-OS -- NY028 -- 6381 05/10/93 10:11 EDT
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Publication:PR Newswire
Date:May 10, 1993
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