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SOLAR FINANCIAL RETAINS PRICE WATERHOUSE AS INDEPENDENT AUDITORS AND APPOINTS NEW CHIEF FINANCIAL OFFICER

 MIAMI, Sept. 21 /PRNewswire/ -- Solar Financial Services, Inc. (NASDAQ: SOFI) ("Solar" or the "company") announced today that on Sept. 20, 1993 the company retained Price Waterhouse as its independent auditors to complete the company's annual audit for the fiscal year ended May 31, 1993. Price Waterhouse was the company's independent auditors for certain of the company's prior fiscal years including the fiscal years ended May 31, 1991 and May 31, 1992.
 On Sept. 16, Laurance B. Hankin, on temporary leave of absence since Sept. 10, resigned as the vice president and chief financial officer of the company. On Sept. 20, David Langle was appointed as the chief financial officer of the company. Langle was formerly the chief financial officer, treasurer and director of Frenchtex, Inc., Miami, a manufacturer of cotton towels and robes and distributor of sheets, comforters and towels, whose shares were formerly traded on NASDAQ, former partner at Wainberg, Zipper, Strauss & Co., P.A., a Miami-based accounting and consulting firm, and former manager at Spicer & Oppenheim, an international accounting and consulting firm.
 "We are pleased that Price Waterhouse has returned as our independent auditors and that David Langle has come on board to be our chief financial officer. We look forward to working with Price Waterhouse in connection with the company's annual audit. Mr. Langle's 15 years' experience in the accounting field should serve the company well," said David L. Pavsner, president and chief executive officer of the company.
 Solar is engaged in the sales and financing of used automobiles, vans and light trucks, operating auto depots in Dade and Broward counties, Florida.
 A copy of Solar's Current Report on Form 8-K dispatched by the company to the Securities and Exchange Commission on Sept. 21 is incorporated by reference hereby.
 -0- 9/21/93
 /CONTACT: David L. Pavsner of Solar Financial Services, 305-835-1160/
 (SOFI)


CO: Solar Financial Services, Inc. ST: Florida IN: FIN AUT SU: PER

RK-AW -- FL015 -- 4421 09/21/93 18:26 EDT
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Publication:PR Newswire
Date:Sep 21, 1993
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