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IMPRESSION DELIVERY CORPORATION'S SHAREHOLDERS APPROVE CHANGE OF NAME TO IDC HOLDINGS, LTD. -- ELECTS NINE-MEMBER BOARD OF DIRECTORS

 MINNEAPOLIS, July 23 /PRNewswire/ -- Impression Delivery Corporation (IDC) announced today that in a special meeting of shareholders held on Tuesday, July 20, 1993, its shareholders voted in favor of a proposal to change the company's name to IDC Holdings, Ltd.
 Shareholders approved the four additional proposals contained in the company's proxy statement, including the following: the election of a nine-member board of directors; the increase in the authorized capital stock of the company from 25,000,000 to 100,000,000 shares; an amendment of the company's articles of incorporation to provide restrictions on 5 percent shareholders of the company relative to Indian and non-Indian gaming laws; and the adoption of an incentive stock option plan.
 Shareholders elected the following directors to serve until the next annual meeting of shareholders: John I. Priscella, CEO; Joseph A. Nielsen, CFO; Mark C. Merrill, COO; William C. Hursh, senior VP; Richard D. Rotondo, VP of research; Daniel W. Tollefson, CEO, Tollefson Farms, Inc.; Buel E. Lombard, CEO, Native American Game Productions, Inc.; Rodena M. Renzaglia, senior VP and corporate secretary; and Chad B. Hoehne, CEO, Live Media Broadcast, Inc.
 IDC Holdings, Ltd. is a Minneapolis-based holding company with subsidiaries engaged in the gaming, biotechnology, food and advertising industries. This week, the company entered into definitive agreements to acquire Professional Video Association, Inc. of Pittsburgh, and Indian Entertainment Systems, Inc. of Oneida, Wis. The company's common stock is listed in the Pink Sheets.
 -0- 7/23/93
 /CONTACT: John I. Priscella, CEO and chairman, or Tom de Petra, VP, communications, 612-541-1100, both of IDC Holdings/


CO: Impression Delivery Corporation; IDC Holdings, Ltd. ST: Minnesota IN: SU:

AL -- MN019 -- 5322 07/23/93 17:09 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
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