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DASI, INC., ANNOUNCES TENDER OFFER

 SILVER SPRING, Md., Nov. 23 /PRNewswire/ -- Dr. John Nahra, president of DASI, Inc., announced a tender offer by ISAD, Inc., a corporation formed by a group of DASI's directors and officers and one former director of DASI. ISAD is offering $3.00 per share for any and all issued and outstanding DASI shares not held by ISAD or the management group.
 The offer commences today with the mailing of the offer and will end on Thursday, Dec. 23, 1993, unless extended.
 The offer is being financed by a loan from Parmalat USA Corp., a wholly owned subsidiary of Parmalat S.p.A., an Italian food processing company with worldwide activities.
 DASI shares are traded in the over-the-counter market. According to market makers, bids for the shares in the last month have ranged from a low of 75 cents per share to a high of $1.50 per share, on low volumes.
 Nahra said that any public DASI shares outstanding upon completion of the offer would be exchangeable for $3.00 in cash pursuant to a subsequent merger of DASI into ISAD. Following such a merger, the surviving corporation will be known as DASI Corporation.
 For further information, contact the Depositary and Information Agent: Geoserve, Chemical Bank, 450 West 33rd St., 15th Floor, New York, N.Y. 10001-2097, 212-613-7410, attention Paul Collins, assistant vice president.
 -0- 11/23/93
 /CONTACT: Dr. John E. Nahra, president, DASI, Inc., 301-589-9000/


CO: DASI, Inc. ST: Maryland IN: FIN SU: OFR

MH-IH -- DC032 -- 7370 11/23/93 15:32 EST
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Publication:PR Newswire
Date:Nov 23, 1993
Words:255
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