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KFX WILL NOT PROCEED WITH PROPOSED ACQUISITION

 DENVER, Aug. 3 /PRNewswire/ -- KFX, Incorporated (NASDAQ-Bulletin Board: KFX), will not proceed with the proposed acquisition of Environmental Power Company, Boston, Mass. As announced in press releases issued by Environmental Power Company and KFX, Incorporated on July 6, 1993, KFX, Incorporated had entered into a letter of intent for the acquisition of Environmental Power Company. Management of KFX, Incorporated has determined that the terms of the acquisition as described in the letter of intent are no longer viable, and has ceased all negotiations for the acquisition.
 -0- 8/3/93
 /CONTACT: Thomas M. Dean of Innovative Research Associates, Inc., 212-421-2543, for KFX, Incorporated/
 (KFXI)


CO: KFX, Incorporated; Environmental Power Company ST: Colorado, Massachusetts IN: SU:

LG-PS -- NY041 -- 8851 08/03/93 11:15 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:124
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