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KASLER CORP. MAKES ANNOUNCEMENT ON THE $51.4 MILLION POMONA INTERCHANGE PROJECT

 HIGHLAND, Calif., Jan. 14 /PRNewswire/ -- Kasler Corp. (NYSE: KAS), a leader in the highway/heavy construction industry, announced today that despite its low bid of $51.4 million on the Pomona Interchange Project on Oct. 22, 1992 for the California Department of Transportation, (Caltrans), the contract may not be awarded to the company.
 A Caltrans review committee has concluded the company's good faith effort to meet the state's Disadvantaged Business Enterprise goal was insufficient. Since it is the company's policy to add projects to its backlog only after contract award, the Pomona Project was not added to backlog, which stood at $120 million as of Oct. 31, 1992.
 Kasler Corp. is a general contractor engaged in the construction of concrete roadways, rapid transit, bridges and other infrastructure-related projects, including airport runways and water control distribution facilities.
 -0- 1/14/93
 /CONTACT: John Cash or Richard Guiss of Kasler, 909-884-4811; or Porter LeVay & Rose, 212-564-4700, for Kasler/
 (KAS)


CO: Kasler Corp.; California Department of Transportation ST: California IN: CST SU: CON

KJ-JB -- LA010 -- 4712 01/14/93 08:45 EST
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Publication:PR Newswire
Date:Jan 14, 1993
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