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TRADING IN SOLAR FINANCIAL STOCK SUSPENDED FROM NASDAQ PENDING SEPT. 23, 1993 HEARING

 MIAMI, Sept. 21 /PRNewswire/ -- Solar Financial Services, Inc. (NASDAQ: SOFI) ("Solar" or the "company") announced today that the company has been notified in writing by NASDAQ that the shares of common stock of the company (the "shares") were suspended from trading (the "suspension") on the NASDAQ stock market effective Sept. 13, 1993 (the "NASDAQ Correspondence"). The NASDAQ Correspondence further states the suspension follows (i) the company's failure to file its annual report on Form 10-KSB for the company's fiscal year ended May 31, 1993 and (ii) NASDAQ's inability to substantiate the company's compliance with NASDAQ's listing standards. The NASDAQ Correspondence further states that unless the company's Form 10-KSB is filed on or before Sept. 20, 1993, the shares will be delisted from the NASDAQ stock market, but that the company may request a temporary exception (the "exception") to be considered by a designated qualifications committee.
 The company has orally requested and has been granted a hearing regarding an exception to the suspension. The company has been informed such hearing will be scheduled for Sept. 23, 1993. The recommendation of the hearing panel will then be considered by a standing committee, which committee will decide whether the company shall be entitled to the exception.
 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, 1993 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:

AW-RK -- FL016 -- 4423 09/21/93 18:29 EDT
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Publication:PR Newswire
Date:Sep 21, 1993
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