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Selas Declares Cash Dividend

16 December 1998

Selas Declares Cash Dividend

    DRESHER, Pa., Dec. 15 -- 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 March 31, 1999
to shareholders of record on March 15, 1999.
    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 systems, heat
processing equipment and systems, and cable winch products.