Industrial Holdings, Inc. Receives Nasdaq Staff Determination

Apr 25, 2001, 01:00 ET from Industrial Holdings, Inc.

    HOUSTON, April 25 /PRNewswire/ -- Industrial Holdings, Inc. (Nasdaq:   IHII)
 (the "Company") reported today that it received a Nasdaq Staff Determination
 on April 18, 2001 which indicated that the Company failed to comply with the
 Net Tangible Assets requirement for continued listing set forth in Marketplace
 Rule 4450(a)(3), and that its securities are, therefore, subject to delisting
 from the Nasdaq National Market.  The Company has requested a hearing before a
 Nasdaq Listing Qualifications Panel ("Panel") to review the Staff
 Determination.  There can be no assurance the Panel will grant the request for
 continued listing.
     Industrial Holdings operates three groups: the Energy Group which
 remanufactures and sells high pressure valves, pumps and other related
 products to the energy industry including the exploration, completion and
 production industries, the pipeline transportation and storage industries, and
 the petrochemical, chemical and petroleum refining industries; the Stud Bolt
 and Gasket Group which manufactures and distributes stud bolts, nuts, gaskets,
 hoses, fittings and other products primarily to the petrochemical, chemical
 and oil and gas industries; and the Heavy Fabrication Group which manufactures
 and distributes medium and thick-walled pressure vessels, wind towers, gas
 turbine casings, heat exchangers, heat panels and other large machined
 weldments.
 
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SOURCE Industrial Holdings, Inc.
    HOUSTON, April 25 /PRNewswire/ -- Industrial Holdings, Inc. (Nasdaq:   IHII)
 (the "Company") reported today that it received a Nasdaq Staff Determination
 on April 18, 2001 which indicated that the Company failed to comply with the
 Net Tangible Assets requirement for continued listing set forth in Marketplace
 Rule 4450(a)(3), and that its securities are, therefore, subject to delisting
 from the Nasdaq National Market.  The Company has requested a hearing before a
 Nasdaq Listing Qualifications Panel ("Panel") to review the Staff
 Determination.  There can be no assurance the Panel will grant the request for
 continued listing.
     Industrial Holdings operates three groups: the Energy Group which
 remanufactures and sells high pressure valves, pumps and other related
 products to the energy industry including the exploration, completion and
 production industries, the pipeline transportation and storage industries, and
 the petrochemical, chemical and petroleum refining industries; the Stud Bolt
 and Gasket Group which manufactures and distributes stud bolts, nuts, gaskets,
 hoses, fittings and other products primarily to the petrochemical, chemical
 and oil and gas industries; and the Heavy Fabrication Group which manufactures
 and distributes medium and thick-walled pressure vessels, wind towers, gas
 turbine casings, heat exchangers, heat panels and other large machined
 weldments.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X17788195
 
 SOURCE  Industrial Holdings, Inc.