---

Selas Declares Cash Dividend

20 October 1998

Selas Declares Cash Dividend

    DRESHER, Pa., Oct. 20 -- The Board of Directors of Selas
Corporation of America (Amex: SLS), at its meeting today, declared a cash
dividend of $.045 per share.  The dividend will be payable on December 31,
1998 to shareholders of record on December 10, 1998.
    Selas is a diversified firm with international operations and sales that
engages in the design, development, engineering and manufacturing of a range
of products including precision electronic components and assemblies, heat
processing equipment and systems, and cable winch products.