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LEWIS RESOURCES ACQUIRES GALLIUM ARSENIDE INDUSTRIES

 NEW YORK, Sept. 29 /PRNewswire/ -- Lewis Resources, Inc. ("LRI"), a publicly traded company, has acquired 99 percent of the outstanding shares of Gallium Arsenide Industries, Ltd., and Israeli company, in exchange for 93 percent of LRI's outstanding shares.
 LRI intends to take appropriate corporate action to change its name to reflect the business of Gallium Arsenide Industries.
 Gallium Arsenide Industries is a development stage company that intends to produce gallium arsenide for sale to manufacturers of integrated circuits, LEDs, diodes and other electronic products. Gallium Arsenide Industries' principal place of business is in the high- tech industrial area of Jerusalem.
 -0- 9/29/93
 /CONTACT: J. Braun of Marinex, Inc., 914-241-8777/


CO: Lewis Resources, Inc.; Gallium Arsenide Industries, Ltd. ST: New York IN: SU: TNM

SH-MP -- NY056 -- 6890 09/29/93 14:26 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
Words:134
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