Productivity Technologies Corp. Reports Nasdaq Listing Qualifications Hearing

    ANN ARBOR, Mich., Feb. 12 Productivity Technologies Corp.
announced today that it had received a Nasdaq Staff
Determination indicating that Productivity Technologies Corp. failed to comply
with the requirement to maintain a minimum of two active market makers over
the previous ten consecutive trading days as required for continued listing of
its Warrants set forth in Nasdaq Marketplace Rule 4310(c)(1), and that its
Warrants are, therefore, subject to delisting from The Nasdaq SmallCap
Market.  The Company has requested a hearing before a Nasdaq Listing
Qualifications Panel to review the Staff Determination.  At the hearing, the
Company plans to provide information supporting its position that its
Warrants should continue to be listed on the Nasdaq SmallCap Market.  Pending
a determination by the Nasdaq Listing Qualifications Panel after the hearing
is completed, the Company's Warrants will continue to trade on the Nasdaq
SmallCap Market.  There can be no assurance that the Panel will grant the
Company's request for continued Warrant listing.  If the Company's request is
denied and its Warrants are delisted from the Nasdaq SmallCap Market, the
Company's Warrants may be eligible to trade on the OTC Bulletin Board.
    The Company produces industrial machinery through its Atlas and Westland
subsidiaries.  Sales of Atlas products have principally been to automobile
and automotive parts manufacturers.  Other customers include appliance
producers, steel service centers and manufacturers of lawn and garden
equipment, office furniture, heating, ventilation and air conditioning
equipment, and large construction equipment.  Westland's customers
participate in the automotive, food processing, adhesive and sealant, and
other industries.
    Cautionary Statement Under the Private Securities Litigation Reform Act of
1995:  Statements of this Press Release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995 that are based on the beliefs of the company and its management.
Any statements contained herein which are not historical facts or which
contain the words expect, believe, project, estimate, seek, anticipate,
could, may, and similar statements shall be deemed forward-looking
statements.  The Company may be unable to realize its plans and objectives
due to various important factors.  These factors include but are not limited
to the potential continued softening of the domestic and foreign markets for
automobiles, automotive parts and industrial machinery resulting in reduced
demand for the Company's automation equipment; potential technological
developments in the metal forming and handling automation equipment markets
which render the Company's automation equipment noncompetitive or obsolete;
potential changes in market conditions; and the tightening of credit
availability generally or under the Company's credit facility which may render
the Company unable to access needed working capital.