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ELECTROSOURCE ANNOUNCES REGISTRATION OF SECONDARY OFFERING

 ELECTROSOURCE ANNOUNCES REGISTRATION OF SECONDARY OFFERING
 AUSTIN, Texas, May 18 /PRNewswire/ -- Electrosource, Inc. (NASDAQ: ELSI) announced today that it would file a registration statement under the Securities Act of 1933 with the Securities and Exchange Commission covering a distribution of Electrosource common shares by Battery Horizons, Ltd., its majority shareholder.
 The offering will involve the distribution by Battery Horizons to its general and limited partners of 6,400,000 Electrosource common shares, and the subsequent distribution of shares in the form of a dividend to the shareholders of the general partner of Battery Horizons and a limited partner in Battery Horizons, both of which are corporations. The shares to be distributed represent shares that will be received by Battery Horizons upon its conversion of 1,280,000 shares of Electrosource preferred stock purchased in January of this year. Neither the conversion of the preferred shares nor the distribution by Battery Horizons will generate proceeds to Electrosource. It is anticipated that the distribution will occur as soon as practicable after the effective date of the registration statement.
 The offering will be made only be means of a prospectus.
 -0- 5/18/92
 /CONTACT: Audrey T. Dearing, corporate secretary of Electrosource, 512-445-6813/
 (ELSI) CO: Electrosource Inc. ST: Texas IN: SU:


SM -- NY027 -- 1210 05/18/92 10:11 EDT
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Publication:PR Newswire
Date:May 18, 1992
Words:217
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