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Southern States Power is Approved to Trade by NASD

2 February 1999

Southern States Power is Approved to Trade by NASD

    SHREVEPORT, La., Feb. 2 -- Southern States Power Company
(OTC Bulletin Board: SSPC) announces that it has been approved for trade as a
publicly-traded stock by the NASD.  Its stock symbol is SSPC.
    Southern States Power Company (SSPC) was formed in early 1998 to combine
advanced energy technologies, reliable, low-cost distributed power supply and
energy efficient programs into a package of comprehensive services for
electric customers in the deregulated energy market.
    SSPC is also involved in a broad array of automotive technology
development and manufacturing, including auto production at two plants in
Mexico, fuel cell development and production, composite technology
development, new green fuels and other technologies.
    Southern States Power Company anticipates rapid growth in its automotive
division as a result of production of automobiles, licensing of auto
technologies to other small vehicle manufacturers world-wide, composite body
processes and other activities.
    Southern States Power has also formed Global Fuel Cell Corporation,
through a joint venture with ANUVU, which will be working on the production of
an advanced fuel cell that is lighter, more compact and delivers more energy
than other competing fuel cells.
    This press release contains forward-looking statements that should not be
used to make an investment decision.  Please refer to the company's website
(http://www.sspowerco.com) and other sources for more detailed information, or call
Michael Sealey at 318-221-5703.