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BFD ENTERS INTO LOAN COMMITMENT AGREEMENT

 MARKHAM, Ontario, May 5 /PRNewswire/ -- BFD Industries Inc. (NASD: BFDIF; Vancouver) today announced it has entered into a formal agreement with a European lender, providing a loan commitment to BFD of $550,000 U.S. for a nine-month period.
 The loan, which bears a monthly compound interest rate of 1.13 percent, is secured by shares in Alpha Pro Tech Inc., a BFD subsidiary, the company stated.
 The commitment letter states that bonus shares will be issued and a finders fee paid in the maximum amounts permitted under the policies of the Vancouver Stock Exchange. The lender may refuse to proceed with the loan if less than 40,000 bonus shares are issued or less than $47,250 U.S. is paid as a finders fee. These transactions are subject to the execution of definitive loan and security agreements and receipt of regulatory approval. The company expects to conclude this loan by May 7, 1993, it said.
 BFD Industries manufactures and markets a full line of patented eye and face shield products and surgical shoe covers for healthcare, industrial and consumer applications. The shields are optically clear, distortion free and anti-fogging. They are also disposable in order to diminish any chance of cross contamination. BFD's Alpha Pro Tech unit manufactures surgical and dental face masks, as well as medi-pads. BFD Industries has manufacturing facilities in Birmingham, Ala., Salt Lake City, and Janesville, Wis.
 -0- 5/5/93
 /CONTACT: Sheldon Hoffman, Chief Executive Officer, BFD Industries, Inc., 416-479-0654; or Tom Laughran, 708-564-561, Mark Perlgut, 212-580-4141, or Earle Brown, 813-796-1452, all of The Investor Relations Company, for BFD Industries, Inc./
 (BFDI BFI.)


CO: BFD Industries Inc. ST: Ontario IN: HEA SU: FNC

SB -- DE039 -- 5110 05/05/93 17:59 EDT
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Publication:PR Newswire
Date:May 5, 1993
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