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MOREHOUSE COMPLETES ACQUISITION

 FULLERTON, Calif., July 30 /PRNewswire/ -- Morehouse Industries Inc. (NASDAQ-SC: MIXS) of Fullerton and KVP Systems Inc. of Rancho Cordova, Calif., announced today that they have completed a stock merger transaction. As a consequence of the merger, Morehouse, with 3,890,981 shares outstanding, issued one share of its common stock for each of the 2,269,101 shares of KVP common stock outstanding. Options and fees payable in stock could increase the number of Morehouse shares issued by up to 322,000 shares. Provisions for certain contingent liabilities and warranties could potentially reduce the number of Morehouse shares issued to certain KVP officers and directors by up to 400,000 shares.
 Morehouse Industries is a holding company whose subsidiaries manufacture proprietary equipment and engineered industrial products.
 -0- 7/30/93
 /CONTACT: Jim Swartwout of Morehouse Industries, 714-738-5000/
 (MIXS)


CO: Morehouse Industries Inc.; KVP Systems Inc. ST: California IN: FOD CHM CST SU: TNM

LS-BP -- LA023 -- 7891 07/30/93 16:07 EDT
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Publication:PR Newswire
Date:Jul 30, 1993
Words:162
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