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                                                                    EXHIBIT 99.1



         Austin, Texas (March 25, 1998) ... TCC Industries, Inc. (NYSE:TEL)
announced today that it was in preliminary discussions to sell all of the shares
of its subsidiary, Paladin Financial, Inc., to an Acquisition Group consisting
of some of the senior management of Paladin.

         In summary, if a transaction is concluded, it is anticipated that the
sale would be completed within two weeks with the Acquisition Group retaining
most of the existing employees of Paladin and paying to TCC consideration
including its loans, advances and receivables.

         The original business plan for Paladin was to engage in the purchase,
securitization and sale of Fannie Mae Mortgage Backed Securities (FNMA-MBS) and
the purchase and sale, for cash, of a small quantity of 125 Loan to Value (LTV)
instruments (a 125 LTV is a type of non-prime conventional loan). In the six
months since the inception of the business plan, interest rates have trended
lower, consumer debt has risen and the 125 LTV product has begun to dominate the
market at the expense of the insured Title I loans. Several large companies in
the home equity business have been obliged to take large write-offs on their
loan portfolios and to restate prior year earnings.

         In the judgement of TCC's management, 125 LTV loans contain more
inherent risk (since they are for amounts in excess of the acknowledged asset
supporting the loan) than the Title I insured loans, and an expanded commitment
by TCC to such loans does not provide a basis for sustainable growth for TCC
shareholders. TCC management continues to believe that Title I insured loans do
provide such a basis and will maintain this line of business through its
subsidiary, Barton Creek Capital Corporation. The Acquisition Group believes
that TCC's view is overly conservative and has, accordingly, presented its
proposal to acquire the shares and pursue its business plan independent of TCC.

CONTACT: Robert Thomajan, President         
         Walter A. DeRoeck, Chairman                 
         512-708-5000