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HARMON INDUSTRIES FILES PUBLIC OFFERING OF 1,000,000 SHARES OF COMMON STOCK

 BLUE SPRINGS, Mo., March 22 /PRNewswire/ -- Harmon Industries Inc. (NASDAQ: HRMN), a leading supplier of signal and control products to railroads throughout North America and the world, announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 1,000,000 shares of common stock.
 At present, there are approximately 5.4 million shares of Harmon Industries common stock outstanding. Of the shares being offered, 715,000 are being sold by the company and 285,000 are being sold by certain current stockholders. The underwriters have an over-allotment option to purchase from the company up to 150,000 shares.
 Harmon designs, manufactures, markets and services an extensive line of products beneficial to the operating efficiency and safety of freight railroads and mass rail transit systems. Net proceeds from the sale of the shares will be used to reduce debt, finance capital expenditures and research and development, increase working capital and permit possible acquisitions.
 The offering is being underwritten by Piper Jaffray Inc. and George K. Baum & Co. The public offering of shares will be made only by means of a prospectus that can be obtained from Piper Jaffray at 612-342-6220 or George K. Baum & Co. at 816-474-1100.
 A registration statement relating to these shares of common stock 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 such registration statement becomes effective. This press release 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 the registration or qualification under the securities laws of any such state.
 Harmon Industries is traded in the over-the-counter market and is quoted on the Nasdaq Stock Market under the symbol HRMN. For further information contact Charles M. Foudree, executive vice president -- finance and chief financial officer, Harmon Industries Inc., 1300 Jefferson Court, Blue Springs, MO 64015. The telephone number is 816-229-3345.
 -0- 3/22/93
 /CONTACT: Chuck Foudree of Harmon Industries, 816-229-3345/
 (HRMN)


CO: Harmon Industries Inc. ST: Missouri IN: SU: OFR

BB -- DV006 -- 8415 03/22/93 18:00 EST
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Publication:PR Newswire
Date:Mar 22, 1993
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