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InAmerica Completes Sale of Ferguson International Unit To Thermatrix,Inc.


Dallas, TX - May 3, 1999 - InAmerica Corporation (NASDAQ BB: INAO), announced today that it has closed on the agreement with Thermatrix, Inc. (NASDAQ:TMXI), to sell Ferguson International Inc., a leading supplier of ammonia storage and handling systems used by power companies to reduce emissions of oxides of nitrogen (NOx), a major contributor to smog formation. The Ferguson business will operate as part of the Wahlco Air Systems Division in Santa Ana, California


InAmerica is a diversified holding company that specializes in developing leading edge innovative technologies and the acquisition, reorganization and turnaround of distressed businesses that retain dramatic potential once a recovery is completed.  The company typically seeks to divest itself of the revived businesses through spin-off or outright sale to a company with a strategic need and fit.


Thermatrix is a global industrial technology company that provides a range of products for the destruction or treatment of volatile organic compounds and hazardous air pollutants, including its patented flameless thermal oxidation technology to provide the world's leading flameless solution for destroying these pollutants and compounds. Thermatrix is currently focusing its development activities on the application of its FTO technology to treat emissions from diesel engines, both mobile and stationary.


Reference “InAMERICA TO SELL FERGUSON INTERNATIONAL TO THERMATRIX” - Enhances Thermatrix's DeNOx Capabilities" (Dallas, TX March 15, 1999)


Press Contacts:

C. Gus Cristo,

CEO

InAmerica

  1. (918)622-3300


John Schofield,

CEO

Thermatrix, Inc.

(408) 453-0490