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CENTURY PARK PICTURES ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

 MINNEAPOLIS, Jan. 11 /PRNewswire/ -- Century Park Pictures Corporation (NASDAQ: CPPC) announced today that it has completed the private placement of $1,500,000 in securities. The placement consisted of units containing two shares of common stock and warrants for a two- year period to purchase two additional shares of common stock.
 "This provides Century Park with the operating capital to both expand its present production activities and to move forward with an aggressive acquisition program," according to Thomas K. Scallen, chief executive officer. The acquisition program will include the purchase of network-affiliated television stations, and other entertainment properties.
 Century Park Pictures Corporation produces motion pictures, television specials, major live production shows for arenas, amusement parks, casinos and theaters.
 -0- 1/11/93
 /CONTACT: Thomas K. Scallen of Century Park Pictures, 612-333-5100/
 (CPPC)


CO: Century Park Pictures Corporation ST: Minnesota IN: SU:

KH -- MN002 -- 3463 01/11/93 10:30 EST
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Publication:PR Newswire
Date:Jan 11, 1993
Words:150
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