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OLYMPIC FINANCIAL FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF 1,600,000 SHARES

 OLYMPIC FINANCIAL FILES REGISTRATION STATEMENT
 FOR INITIAL PUBLIC OFFERING OF 1,600,000 SHARES
 MINNEAPOLIS, Jan. 14 /PRNewswire/ -- Olympic Financial Ltd., today filed a registration statement for an initial public offering of 1,600,000 shares of common stock. The initial public offering price is expected to be $3 per share.
 The offering will be made through underwriters led by John G. Kinnard & Co., Inc.
 Olympic Financial Ltd., based in Minneapolis, sells and services retail automobile installment loans originated from a network of auto dealers.
 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 news 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 registration or qualification under the security laws of such State. The offering may be made only by a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933. Copies of the prospectus may be obtained from John G. Kinnard & Co., Inc., 1700 Northstar West, Minneapolis, Minn. 55402.
 -0- 1/14/92
 /CONTACT: Curt Swenson of Swenson Falker Eilertsen, 612-371-0000 or Jeffrey Mack of Olympic Financial, 612-942-9880/ CO: Olympic Financial Ltd. ST: Minnesota IN: AUT SU: OFR


AL -- MN013 -- 9718 01/14/92 16:46 EST
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Publication:PR Newswire
Date:Jan 14, 1992
Words:260
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