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TELLUS INDUSTRIES RECEIVES DASH COVERS COMMON STOCK AS COMPENSATION

TELLUS INDUSTRIES RECEIVES DASH COVERS COMMON STOCK AS COMPENSATION
 LAS VEGAS, Nev., Feb. 28 /PRNewswire/ -- Tellus Industries (NASDAQ: TLLS) announced today that it had received 1.8 million shares of the common stock of Dash Covers, Inc. (15 percent of the company's total capitalization) as compensation for financial services rendered in connection with the acquisition of Dash Covers Corp. by Dash Covers, Inc.
 It is anticipated that the shares will be registered at the time Dash Covers, Inc. has its initial public offering, a development expected within the next six months.
 Dash Covers Corp. had 1991 sales and earnings of $2,147,902 and $367,000 respectively as compared to corresponding 1990 results of $1,749,035 and $302,000.
 Tellus Industries is a diversified, multi-faceted company engaged in direct sales and marketing as well as in providing a variety of financial services.
 -0- 2/28/92
 /CONTACT: Robert Wessels, 708-442-6000, or Michelle Sotnikow of Howard Bronson & Company, 212-867-6160, both for Tellus Industries/
 (TLLS) CO: Tellus Industries ST: Nevada IN: SU:


CK-KW -- NY020 -- 3646 02/28/92 10:24 EST
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Publication:PR Newswire
Date:Feb 28, 1992
Words:180
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