ANAHEIM, Calif., Oct. 9, 1995 -- href="chap11.statordyne.html">Statordyne Corporation
        (AMEX ECM: STY.EC) announced today that GFI Energy Ventures, LLC of
        Los Angeles, CA completed a purchase of the Assets of Statordyne
        Corporation upon approval of the order by a Federal Bankruptcy judge
        signed and entered on Monday October 2, 1995.  The accelerated
        schedule for the bankruptcy proceedings was necessary to satisfy
        terms of the GFI purchase agreement.
        

            Under the terms of the agreement, GFI also purchased the
        corporate name and registered trademarks.  All liabilities of the
        Company will remain with the existing Statordyne Corporate Entity.
        

            Statordyne was placed in bankruptcy on August 23, 1995 after an
        involuntary petition for relief under Chapter 11 of the U.S.
        Bankruptcy Code was filed by a group of the Company's largest
        creditors.
        

            The Company designs, manufactures, and markets patented power
        protection systems that enhance electrical power quality while
        providing peaking capabilities and uninterrupted transition to
        backup power in the event of a utility outage.
        

            GFI Energy Ventures is an investment firm seeking to acquire
        companies, such as Statordyne, that should benefit from the
        restructuring of the electric utility industry in the United States
        and abroad.
        

        /CONTACT:  Bradford Roberts, President of Statordyne, 714-704-1000/