Bollinger Announces Resolution of Shareholder Suit Concurrent With New Financing Provided By Frost National Bank

Apr 11, 2001, 01:00 ET from Bollinger Industries, Inc.

    GRAND PRAIRIE, Texas, April 11 /PRNewswire/ -- From its headquarters in
 Grand Prairie, Texas, Bollinger Industries, Inc. (OTC Bulletin Board:   BOLL)
 CFO and COO Rose Turner announced that a settlement had been reached with the
 class representatives in the long-standing shareholder lawsuits.  Concurrent
 with this announcement, Ms. Turner announced the replacement of Foothill
 Capital Corporation as the Company's primary lender by Frost National Bank.
     Chairman and CEO, Glenn Bollinger said, "We have resolved a major obstacle
 by reaching this settlement and we are looking forward to putting this in the
 past and moving forward.  Our newly established relationship with Frost
 National Bank will give us the support necessary to move the Company forward
 and improve shareholder value."
     The details of the settlement were not disclosed.
     Bollinger is a leading domestic supplier of consumer fitness accessories
 with offerings under the Bollinger, MultiGrip and Step brands.  Bollinger
 Fitness products are sold by leading mass market retailers and other retail
 outlets nationwide and overseas.  The Company's stock symbol is "BOLL".  It is
 currently traded over the counter.
 
 

SOURCE Bollinger Industries, Inc.
    GRAND PRAIRIE, Texas, April 11 /PRNewswire/ -- From its headquarters in
 Grand Prairie, Texas, Bollinger Industries, Inc. (OTC Bulletin Board:   BOLL)
 CFO and COO Rose Turner announced that a settlement had been reached with the
 class representatives in the long-standing shareholder lawsuits.  Concurrent
 with this announcement, Ms. Turner announced the replacement of Foothill
 Capital Corporation as the Company's primary lender by Frost National Bank.
     Chairman and CEO, Glenn Bollinger said, "We have resolved a major obstacle
 by reaching this settlement and we are looking forward to putting this in the
 past and moving forward.  Our newly established relationship with Frost
 National Bank will give us the support necessary to move the Company forward
 and improve shareholder value."
     The details of the settlement were not disclosed.
     Bollinger is a leading domestic supplier of consumer fitness accessories
 with offerings under the Bollinger, MultiGrip and Step brands.  Bollinger
 Fitness products are sold by leading mass market retailers and other retail
 outlets nationwide and overseas.  The Company's stock symbol is "BOLL".  It is
 currently traded over the counter.
 
 SOURCE  Bollinger Industries, Inc.