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WTC INDUSTRIES, INC. ELECTS GILFIX AS INTERIM CEO

 MINNEAPOLIS, May 4 /PRNewswire/ -- WTC Industries, Inc. (NASDAQ: WTCO) announced today that it has elected Matthew E. Gilfix, of Matrix Associates, Inc., to serve as interim CEO, effective immediately.
 Prior to joining Matrix Associates, Gilfix was director of Strategy and Business Development with Honeywell Inc. where he developed and negotiated joint venture partnerships worldwide. Before that, Gilfix directed the planning process and acquisition activities of Honeywell's global information systems business.
 Gilfix holds a master's degree from Harvard Graduate School of Business, and a bachelor's degree in physical science from Harvard College.
 Matrix Associates is a management consulting firm based in Edina, Minn. Matrix has extensive experience in planning, market research, valuation, capital formation, mergers and acquisitions, joint ventures, economic analysis, and intellectual property protection and licensing.
 The other Matrix principals, R. Michael Fox and Robert D. Veitch, will support Gilfix and the company's marketing and sales efforts as consultants on a part-time basis.
 Ronald G. Dudley, chairman of WTC's board of directors, said, "With Matt's ability to make a swift transition into the position of Interim CEO, WTC moves closer to achieving its objectives of management restructuring. Matt possesses the strong leadership and business development experience necessary to effectively lead WTC during this period of change. Meanwhile, the board of directors continues to carefully search for a permanent CEO."
 WTC Industries, Inc. holds the exclusive rights to manufacture and market the patented PentaPure(R) iodinated resin worldwide. The company provides water purification devices for consumer, industrial, and OEM applications.
 -0- 05/04/93
 /CONTACT: Tom de Petra or Adrienne Griffith of de Petra & Associates, 612-338-7630, for WTC Industries/
 (WTCO)


CO: WTC Industries, Inc. ST: Minnesota IN: SU: PER

AL -- MN013 -- 4344 05/04/93 12:56 EDT
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Publication:PR Newswire
Date:May 4, 1993
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