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GLACIER WATER SERVICES ANNOUNCES RESIGNATION OF JERRY R. WELCH AS COMPANY'S CHAIRMAN AND CHIEF EXECUTIVE OFFICER

 GLACIER WATER SERVICES ANNOUNCES RESIGNATION OF JERRY R. WELCH
 AS COMPANY'S CHAIRMAN AND CHIEF EXECUTIVE OFFICER
 OCEANSIDE, Calif., Sept. 3 /PRNewswire/ -- Glacier Water Services Inc. (AMEX: HOO) today announced that Jerry R. Welch has resigned as the company's chairman and chief executive officer. However, Welch will continue to serve on the company's board of directors and as a consultant to the company.
 Welch said, "I have enjoyed my association with Glacier Water very much. After carefully considering the strength and depth of our management team and board of directors, I have reached the conclusion that our company simply did not presently require the services of both a full-time chairman and CEO, as well as a president and COO. As a result, I have resigned my executive positions, but look forward to continuing to work with Duke Bushong, the president of Glacier Water, in my capacities as director and consultant."
 The company stated that Bushong, who has been employed with Glacier Water for approximately seven years, will assume the position of chief executive officer. Peter T. Dixon, senior executive vice president of Loeb Partners Corp. and a director of Glacier Water since 1989, has been elected chairman of the board of directors.
 Additionally, Bushong reported that Glacier Water has just entered into a five-year agreement with H.E.B. Stores in Texas, as a consequence of which, the company will install approximately 150 water-vending machines. Bushong also announced that Tokai Bank has just approved a $6.4 million line of credit.
 Glacier Water Services Inc. is the leading provider of low-price, high-quality drinking water dispensed to consumers through coin- operated, self-service vending machines. These machines reduce impurities in the water through a combination of micron filtration, reverse osmosis, deionization and ultraviolet sterilization. The company currently operates approximately 3,350 units at supermarkets and other retail locations in Arizona, California, Florida, Nevada and Texas.
 -0- 9/3/92
 /CONTACT: Duke Bushong, president, 619-433-4072 or Peter T. Dixon, chairman of the board of directors, 212-483-7018, both of Glacier Water Services/
 (HOO) CO: Glacier Water Services Inc.; H.E.B. Stores ST: California, Texas IN: FOD SU: PER


EH-JB -- SD001 -- 6348 09/03/92 11:01 EDT
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Publication:PR Newswire
Date:Sep 3, 1992
Words:363
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