Law Offices of Curtis V. Trinko, LLP File Class ActionSuit Against Advanced Lighting...

NEW YORK--(BUSINESS WIRE)--May 28, 1999--

The following is an announcement made by the Law Offices of Curtis V. Trinko, LLP:

Law Offices of Curtis V. Trinko, LLP announced that on May 27, 1999, a class action has been commenced in the United States District Court for the Northern

The complaint charges Advanced Lighting and its CEO, Wayne R. Hellman ("Hellman"), with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants' false and misleading statements concerning i) strong sales of Advanced Lighting's existing metal halide lighting products; ii) the strong continuing growth of the metal halide market for the next several years, which should result in 40% EPS growth for Advanced Lighting during 1998-1999; and iii) the Company's false financial results, allowed Advanced Lighting to raise $100 million in a debt offering on March 13, 1998, and inflated its stock to a Class Period high of $29-15/16. Defendant Hellman took advantage of this inflated price by using Advanced Lighting shares as collateral to secure a loan for over $12 million.

On September 30, 1998, Advanced Lighting revealed that, due to weak demand, its financial results were going to be much worse than had been predicted and its stock fell in one day to $7-1/2, a 75% drop from its Class Period high of $29-15/16.

Plaintiff seeks to recover damages on behalf of all purchasers of Advanced Lighting publicly traded securities during the Class Period (the "Class"). The plaintiff is represented by several law firms, including the Law Offices of Curtis V. Trinko, LLP, the law Offices of Alfred Yates, and Milberg Weiss Bershad Hynes & Lerach, LLP, who have expertise in prosecuting investor class actions and have extensive experience in actions involving financial fraud.

If you are a member of the Class described above, you may, no later than 60 days from today, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. if you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Curtis V. Trinko, Esq., Law Offices Of Curtis V. Trinko, LLP, 16 West 46th Street, 7th Floor, New York, New York 10036, (212) 490-9550 or ctrinko@trinko.com - E-mail.