Power-Cell Inc. Files Preliminary Proxy Statement With the Securities Exchange Commission

Business Wire, May 11, 1999

DALLAS--(BUSINESS WIRE)--May 11, 1999--

Mr. Jim Rambin, president of Power-Cell (OTC BB:POCE) and Mr. Thomas Baker president of Park Pharmacy Corporation announced today that Power-Cell has filed a form 14A Proxy Statement with the Securities Exchange Commission (SEC). The Proxy Statement calls for a special Shareholders Meeting on or about June 17, 1999, for holders of record as of April 30, 1999.

At the Special Meeting the Shareholders of the Company are being ask to consider and vote on:

1. Approval of a Stock Purchase Agreement for the Company to acquire 100% of the outstanding stock of Park Pharmacy Corporation.

2. Amending the Company's Articles of Incorporation to change its name to Park Pharmacy Corporation.

3. Amending the Company's Articles to create a new class of Non Earning Preferred Stock.

4. Replacement of the Power-Cell Board of Directors with the Board of Directors of Park Pharmacy Corporation.

Full and complete information regarding these matters is contained in the Filing of the form 14A and Stockholders should rely on the complete text when making any decisions.

Upon completion of the corporate matters listed above, Park Pharmacy Corporation will proceed to implement the various projects, set forth in prior news releases dated January 21, 1999, March 9, 1999, and April 13, 1999.

Certain information included in this release contains statements that are forward-looking, such statements relating to the future anticipated direction of this industry, plans for future funding sources, planned capital expenditures, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.