YOUNGSTOWN, Ohio, March 14, 1995 - On Friday, March 3, 1995, the
Plan of Reorganization submitted by Wean Incorporated (now known as Barto
Technical Services, Inc.) was confirmed by the United States Bankruptcy Court
for the Western District of Pennsylvania, according to the company. The Plan
provides for a complete liquidation of Barto Technical Services, Inc.
Distribution under the Plan of approximately 36 cents to 44 cents per dollar
will be made to unsecured creditors, including trade creditors and holders of
publicly traded 5-1/2% Debentures and 10% and 12% Notes. The Plan also
provides for payment of between 0 cents and 80 cents a share and 0 cents and
14 cents a share for holders of interests in the Series A Redeemable Preferred
Stock and Common Stock, respectively. The exact amount of total distribution
to all classes is dependent upon the collection of notes and other receivables
maturing in early 1996.
R.J. Wean III, President of Barto, indicated that the first distribution to
unsecured creditors, trade creditors and holders of the Company's outstanding
public debt will be approximately 23 cents per dollar and will be made during
April, 1995. Mr. Wean said a second distribution should occur approximately
one year after the first one.
/CONTACT: Dick Connors of Barto Technical Services, Inc., 216-797-2059/