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EIF HOLDINGS INC. (EIFH) ANNOUNCES ACQUISITION OF ADAIR OIL INTERNATIONAL

 HONOLULU, Feb. 1 /PRNewswire/ -- Grant Kidani, chief operating officer of EIF Holdings Inc. (EIFH) today announced the acquisition of 100 percent of Adair Oil International Inc. subject to finalization of employment agreements and confirmation of assets and liabilities. President John W. Adair of Adair Oil International stated that Adair currently has two major oil fields in Yemen (Middle East) in negotiations which are the main focus of the company at this time. Details will be released upon finalization of those contracts.
 Adair's principle business involves the construction engineering of petrochemical facilities as well as the exploration of oil and gas.
 EIF Holdings Inc. is an international environmental development and energy company whose goals are to maximize shareholder return through profitable growth.
 -0- 2/1/93
 /CONTACT: Financial Telesis Investor Relations, 808-734-3480, (fax) 808-732-4182.


CO: EIF Holdings Inc.; Adair Oil International Inc. ST: Hawaii IN: OIL SU: TNM

BP-EH -- LA015 -- 1279 02/01/93 10:38 EST
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Publication:PR Newswire
Date:Feb 1, 1993
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