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J.A. INDUSTRIES ANNOUNCES 10 MILLION DOLLAR DEAL

 NEW YORK, April 18 /PRNewswire/ -- Management of J.A. Industries Inc. (NASDAQ: JIND) announced today that its wholly owned subsidiary, Granite Marketing Corp. has sold the international rights to its underground junction box for $10,000,000 USD to Queensland Industries Inc. of Vancouver, Canada. The exclusive territory for the rights includes Asia, Japan, Australia, Africa, and all nations currently members of the European Economic Community. It also includes the non-exclusive rights to sell in North America except for certain protected states and provinces. The agreement calls for the payment of $2,500,000 USD on signing of the agreement and payments of $1,875,000 USD within 120, 210, 300 and 390 days of signing the agreement.
 -0- 4/18/94
 /CONTACT: J.A. Michie, vice-president, Business Development, of J.A. Industries, 212-541-3878/
 (JIND)


CO: J.A. Industries Inc.; Granite Marketing Corp. ST: New York, British Columbia IN: SU:

IC-JH -- SE017 -- 8862 04/18/94 14:18 EDT
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Publication:PR Newswire
Date:Apr 18, 1994
Words:159
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