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HARVARD CAPITAL CORPORATION MAKES ANNOUNCEMENTS

 VANCOUVER, British Columbia, Nov. 25 ~PRNewswire~ -- Harvard Capital Corp. (Vancouver: HCC) makes the following announcements:
 Vice President - North American Operations Appointed
 John Hens has been appointed vice president of North American Operations. Hens' responsibilities will include North American sales of the company's proprietary french fry vending machine -- "Spud Stop(TM)" -- and french fry blend.
 Hens brings to Harvard 22 years of experience in the vending machine industry, including 17 years with one of the largest vending machine operators in North America. Hens has been involved in all aspects of the industry, including sales, management and operations and was, most recently, vice president of Eastern Distributors Co., a large regional vending equipment distributor based in Philadelphia.
 Vice President - Engineering Appointed
 Lonnie C. Wright P.E. has been appointed vice president of Engineering. With over 23 years of industrial design and product development experience with various large, well-known corporations, Wright will have overall responsibility for all of the company's engineering activities including research and development and manufacturing processes.
 Immediately prior to joining Harvard, Wright was director of Engineering Operations of Rowe International Inc., a major U.S. manufacturer of vending machines. During his tenure there, he was directly responsible for product development and testing, including the development of a new vending machine competitive to Harvard's line.
 The company welcomes both Hens and Wright to the Harvard management team.
 Resignation of Director
 Arthur Dalfen has resigned as a director of the company for personal reasons. Dalfen was a principal shareholder, officer and director of Harvard following its reorganization in 1991 and initiated Harvard's entry into the french fry vending business, in 1991.
 Exercise of Share Purchase Warrants
 The company has received proceeds of $375,000 from the exercise of warrants to purchase an additional 500,000, shares of the company. These warrants were originally issued pursuant to a private placement completed in October of 1991.
 Incentive Stock Options
 Subject to acceptance for filing by the Vancouver Stock Exchange, the company has granted employees, incentive options to purchase 80,000 shares, exercisable for two years at a price of $0.86 per share.
 -0- 11~25~92
 ~CONTACT: Robert W. Dunn, senior VP and CFO, 604-688-4883~
 (HCC.)


CO: Harvard Capital Corporation ST: British Columbia IN: SU: PER

LS-JB -- LA018 -- 1599 11~25~92 15:21 EST
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Date:Nov 25, 1992
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