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Selas Announces 250,000-Share Stock Repurchase Program

10 March 1999

Selas Announces 250,000-Share Stock Repurchase Program

     Company Says Shares are Undervalued and Represent a Good Investment
                               For the Company

    DRESHER, Pa., March 9 -- Selas Corporation of America
(Amex: SLS) announced today that its Board of Directors has authorized the
repurchase from time to time of up to 250,000 shares of Selas common stock,
approximately 5% of the 5.2 million shares outstanding.  The company said that
shares will be purchased in the open market depending on market and economic
factors.
    Stephen F. Ryan, Chairman, President and Chief Executive Officer of Selas,
said that the company's management and Board believe that Selas stock
represents a good investment for the company and that the shares are
undervalued.
    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 medical and electronic products, heat
processing equipment and systems, and cable winch products.