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METEOR INDUSTRIES, INC. ANNOUNCES REAFFIRMATION OF LETTER OF INTENT

DENVER, March 7 /PRNewswire/ -- Meteor Industries, Inc. (OTC, Bulletin Board Symbol METE) today announced the reaffirmation of a previously announced Letter of Intent regarding a second public offering on a firm commitment basis. Pursuant to this Letter of Intent, Meteor intends to file a registration statement with the U.S. Securities and Exchange Commission and management expects to offer Meteor's shares to the public in the third quarter of 1996.

The Letter of Intent outlines a proposed offering of common stock for at least $2 Million. The per share price and the total amount of the actual offering will depend on the bid price of the Meteor common stock at the time of the offering. This information should not be interpreted as an offer of securities for sale; the offering will be made only by means of a prospectus which is part of a registration statement filed with the U.S. Securities and Exchange Commission.
 -0- 3/7/96


/CONTACT: Edward. J. Names, President of Meteor Industries, Inc., 303-572-1137/

(METE)

CO: Meteor Industries, Inc. ST: Colorado IN: SU:

JF-RF -- SETH008 -- 1262 03/07/96 15:47 EST
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Publication:PR Newswire
Date:Mar 7, 1996
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