PowerCold Engages Legg Mason Wood Walker As Company's Investment Banker

Apr 04, 2001, 01:00 ET from PowerCold Corporation

    CIBOLO, Texas, April 4 /PRNewswire/ --
 PowerCold Corporation (OTC Bulletin Board:   PWCL) an energy company that
 develops, manufactures and markets proprietary equipment to achieve
 significant power cost savings for commercial and industrial firms, said today
 that it has engaged Legg Mason Wood Walker to serve as the company's financial
 advisor.  Legg Mason's role will include assisting PowerCold in developing and
 implementing financial strategies to promote the growth and development of
 PowerCold technology applications.
     PowerCold CEO Frank Simola said, "We are delighted that Legg Mason has
 agreed to provide investment banking services to PowerCold.  It is important
 that we have sufficient working capital to fund the growing number of orders
 for our various energy saving products, which are increasingly in demand due
 to the nation's power crisis.  I have worked with Legg Mason for a number of
 years. The company has a well-established track record of helping companies
 pursue growth strategies.  Legg Mason has an outstanding research department
 and a strong brokerage operation.  With Legg Mason as a strategic partner, we
 believe our chances for success have been greatly enhanced."
     Founded in 1899 and headquartered in Baltimore, MD, Legg Mason, Inc. is a
 financial services holding company which provides asset management, securities
 brokerage, investment banking and related financial services through its
 wholly owned subsidiaries.  Legg Mason Wood Walker, Incorporated is the
 company's principal broker-dealer subsidiary with over 130 offices in the U.S.
 International offices include Geneva, London and Toronto.  As of
 Dec. 31, 2000, Legg Mason had over $137 billion in assets under management and
 total client assets of over $201 billion.
     PowerCold is an energy company targeting commercial businesses that can
 significantly benefit from PowerCold's energy-related products.  The company's
 COLD business units market energy efficient and environmentally safe equipment
 to reduce power costs for heating, air conditioning and refrigeration by over
 50%.
     For more information contact Frank Simola, CEO, PowerCold at
 (215) 248-2836 E-mail: franks@powercold.com. Investor relations contacts are
 Frank Hawkins or Julie Marshall, Hawk Associates, Inc., at (305) 852-2383,
 email info@hawkassociates.com.  Information about PowerCold Corporation can be
 found on the website www.powercold.com.  Copies of PowerCold press releases,
 SEC filings, current price quotes, stock charts and other valuable information
 for investors may be found on the website http://www.hawkassociates.com.
 
 

SOURCE PowerCold Corporation
    CIBOLO, Texas, April 4 /PRNewswire/ --
 PowerCold Corporation (OTC Bulletin Board:   PWCL) an energy company that
 develops, manufactures and markets proprietary equipment to achieve
 significant power cost savings for commercial and industrial firms, said today
 that it has engaged Legg Mason Wood Walker to serve as the company's financial
 advisor.  Legg Mason's role will include assisting PowerCold in developing and
 implementing financial strategies to promote the growth and development of
 PowerCold technology applications.
     PowerCold CEO Frank Simola said, "We are delighted that Legg Mason has
 agreed to provide investment banking services to PowerCold.  It is important
 that we have sufficient working capital to fund the growing number of orders
 for our various energy saving products, which are increasingly in demand due
 to the nation's power crisis.  I have worked with Legg Mason for a number of
 years. The company has a well-established track record of helping companies
 pursue growth strategies.  Legg Mason has an outstanding research department
 and a strong brokerage operation.  With Legg Mason as a strategic partner, we
 believe our chances for success have been greatly enhanced."
     Founded in 1899 and headquartered in Baltimore, MD, Legg Mason, Inc. is a
 financial services holding company which provides asset management, securities
 brokerage, investment banking and related financial services through its
 wholly owned subsidiaries.  Legg Mason Wood Walker, Incorporated is the
 company's principal broker-dealer subsidiary with over 130 offices in the U.S.
 International offices include Geneva, London and Toronto.  As of
 Dec. 31, 2000, Legg Mason had over $137 billion in assets under management and
 total client assets of over $201 billion.
     PowerCold is an energy company targeting commercial businesses that can
 significantly benefit from PowerCold's energy-related products.  The company's
 COLD business units market energy efficient and environmentally safe equipment
 to reduce power costs for heating, air conditioning and refrigeration by over
 50%.
     For more information contact Frank Simola, CEO, PowerCold at
 (215) 248-2836 E-mail: franks@powercold.com. Investor relations contacts are
 Frank Hawkins or Julie Marshall, Hawk Associates, Inc., at (305) 852-2383,
 email info@hawkassociates.com.  Information about PowerCold Corporation can be
 found on the website www.powercold.com.  Copies of PowerCold press releases,
 SEC filings, current price quotes, stock charts and other valuable information
 for investors may be found on the website http://www.hawkassociates.com.
 
 SOURCE  PowerCold Corporation