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FUNCO ANNOUNCES INITIAL PUBLIC OFFERING

 FUNCO ANNOUNCES INITIAL PUBLIC OFFERING
 MINNEAPOLIS, July 1 /PRNewswire/ -- Funco, Inc. announced today that


it has filed a registration statement with the Securities and Exchange Commission for the offering of 1,000,000 shares of its common stock at $5.00 per share. The shares are being sold by the company, and the proceeds will be used to repay short-term debt, finance the opening of additional retail stores, and for other general corporate purposes.
 The company is in the business of providing interactive home entertainment, primarily through the purchase and sale of previously played Nintendo and Sega/Genesis video games together with related hardware and accessory items through its FuncoLand(SM) stores and mail order operation.
 The offering will be underwritten by Miller, Johnson & Kuehn Incorporated.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from Miller, Johnson & Kuehn Incorporated, 1660 South Highway 100, Minneapolis, Minn., 55416.
 -0- 7/1/92
 /CONTACT: Robert M. Hiben of Funco, 612-946-7202/ CO: Funco, Inc. ST: Minnesota IN: REA SU: OFR


AL -- MN005 -- 5671 07/01/92 11:53 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
Words:281
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