H.E.R.C. Products Inc. Announces Closing of Second Private Placement Facility

Business Wire, June 18, 1998

PHOENIX--(BUSINESS WIRE)--June 18, 1998-- H.E.R.C. Products Inc. (NASDAQ Small Cap:HERC) Thursday announced the closing of a second private equity placement of 1,620,000 shares of unregistered common stock of the company for $502,200. The placement was priced at $0.31 per share.

The funds will be used for general corporate purposes and expansion of the company's marine and fire protection businesses.

H.E.R.C. Products Inc. develops, manufactures, and markets products, and provides services, that eliminate and control scaling and tuberculation on surfaces that come into contact with water through the company's wholly owned subsidiary H.E.R.C. Consumer Products Inc. and its Industrial Products Group.

This press release contains forward looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the company's SEC reports, including Form 10-KSB for the year ended Dec. 31, 1997

CONTACT: H.E.R.C. Products Inc., Phoenix

S. Steven Carl, Kristi A. Cordray or

Michael Harader, 602/492-0336