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UNITED THERMAL STOCKHOLDER EXPLORING THE POSSIBILITY OF SELLING INTEREST

 NEW YORK, Feb. 26 /PRNewswire/ -- United Thermal Corporation (NASDAQ: UNTH) announced today that Catalyst Energy Corporation, which owns approximately 83.5 percent of the outstanding common stock of the company, has informed the company that Catalyst is exploring the possibility of selling its interest in the company and that Catalyst has engaged the First Boston Corporation as its financial advisor to assist Catalyst.
 Catalyst further advised the company that no assurance can be given regarding whether, when or on what terms any such sale might be effected and that in any event, Catalyst may determine not to proceed with such sale at any time.
 United Thermal Corporation, the nation's second-largest supplier of district steam energy, owns and operates the district steam systems in Philadelphia, Boston, Baltimore, and St. Louis. The steam is produced in central plants fired by fossil fuels or municipal solid waste for distribution through pressurized underground pipeline networks to buildings in the downtown commercial districts. The company's customers include universities, hospitals, commercial and government buildings, schools and public housing complexes.
 -0- 2/26/93
 /CONTACT: Richard E. Kessel of United Thermal Corporation, 212-750-3400/
 (UNTH)


CO: United Thermal Corporation ST: New York IN: SU:

WB-OS -- NY038 -- 0900 02/26/93 13:33 EST
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Publication:PR Newswire
Date:Feb 26, 1993
Words:205
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