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NORTHAMPTON SIGNS LETTER OF INTENT

 NORTHAMPTON SIGNS LETTER OF INTENT
 SALT LAKE CITY, June 8 /PRNewswire/ -- Northampton Inc. (OTC), a


publicly held Utah corporation ("Northampton"), announced today that it has entered into a letter of intent to acquire substantially all of the assets of G.S. Industries Inc. ("GSI"), a privately held Utah company which has developed a central monitoring fire alarm system, patent pending. The alarm system is a lower cost, self installed system designed to locate the room or area in which a fire starts, and to quickly respond to a valid fire alert. GSI believes the system will greatly assist emergency response and will be particularly helpful in hotels and large apartment buildings.
 The business of GSI is a start-up venture that has been limited in the amount of production and installation of its central monitoring alarm system. GSI has received Underwriters' Laboratories' approval for residential use. GSI is presently conducting a review of commercial applications for its systems.
 The transaction contemplates that Northampton will undertake a reverse stock split of approximately 25 to 1 and the holders of GSI will end up with approximately 72 percent of Northampton at the close of the transaction. There are a number of conditions precedent to completing the transaction which include but are not limited to the employment of a chief executive officer, conversion into equity of some of the outstanding indebtedness of GSI, the delivery of audited financial statements of GSI, and completion of due diligence.
 The parties hope to be able to complete the transaction by June 30, 1992, subject to fulfilling the conditions precedent set forth above.
 -0- 6/8/92
 /NOTE: Investors are cautioned against trading in Northampton's stock on the basis of any rumor or speculation.
 /CONTACT: Merlin V. Fish of Northampton, 801-262-5511/ CO: Northampton Inc; G.S. Industries Inc. ST: Utah IN: SU:


BB-MC -- DV002 -- 7748 06/08/92 09:01 EDT
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Publication:PR Newswire
Date:Jun 8, 1992
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