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KAWASAKI AND INVENTOR AGREE TO SETTLEMENT

 KAWASAKI AND INVENTOR AGREE TO SETTLEMENT
 IRVINE, Calif., Aug. 13 /PRNewswire/ -- Pursuant to reaching a


settlement concerning long-standing business differences, Kawasaki Motors Corp., U.S.A., Irvine, Calif., and Clayton Jacobson, Incline, Nev., have jointly issued the following statement:
 Renowned inventor Clayton Jacobson and Kawasaki Motors Corp., U.S.A., together with Kawasaki Heavy Industries, Ltd., have agreed to settle once and for all the differences that arose between Mr. Jacobson and the Kawasaki companies in the course of their dealings over the past 20 years.
 It was Mr. Jacobson who first brought his invention of a stand-up personal watercraft to Kawasaki Heavy Industries in 1971. That concept later evolved into Kawasaki's successful JET SKI(R) brand of personal watercraft.
 In agreeing to dismiss all pending legal actions against the Kawasaki companies, Mr. Jacobson has acknowledged that the Kawasaki companies have made important contributions to the development of personal watercraft and must also be credited with the development of the personal stand-up watercraft. "Kawasaki introduced JET SKI watercraft to the world, and Kawasaki has every right to portray itself as a true pioneer in the personal watercraft industry," Mr. Jacobson stated. Mr. Jacobson also noted that Kawasaki's JET SKI trademark, which is owned exclusively by Kawasaki, has become recognized around the world in connection with Kawasaki's personal watercraft products.
 The Kawasaki companies, in turn, have acknowledged Mr. Jacobson's contributions to the industry. "Clayton Jacobson is widely known as the inventor of the first stand-up personal watercraft," stated Kawasaki Motors' vice president of Marketing, Robert Moffit, "and it is our understanding as well that he invented this type of watercraft. Indeed, without Mr. Jacobson's invention, Kawasaki's JET SKI brand of personal watercraft would not have been developed."
 -0- 8/13/92
 /CONTACT: Robert Moffit, VP-marketing of Kawasaki Motors Corp. U.S.A., 714-770-0400, or Clayton L. Jacobson 702-832-7933/ CO: Kawasaki Motors Corp. U.S.A. ST: California IN: SU:


BP-KJ -- LA025 -- 9809 08/13/92 19:09 EDT
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Date:Aug 13, 1992
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