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PEOPLE'S CHOICE TV CORP. COMPLETES $24 MILLION INITIAL PUBLIC STOCK OFFERING

 BRIDGEPORT, Conn., July 19 /PRNewswire/ -- People's Choice TV Corp. (NASDAQ-NMS: PCTV), announced today that it has completed its initial public common stock offering (IPO).
 The company raised approximately $24 million of net proceeds through the sale of 2,500,000 shares of its common stock at $10.50 per share, in a firm commitment underwriting, led by managing underwriter Gerard Klauer Mattison & Co. Inc.
 The company is a developer, owner and operator of wireless cable television systems. PCTV has control of between 24 and 33 channels in Baltimore, Houston, Kansas City, St. Louis and Tucson representing approximately 3,100,000 households that can be served in line-of-sight transmissions. The company currently provides wireless cable services to approximately 13,000 subscribers in Tucson. Wireless cable is a competitor to traditional cable television services.
 A prospectus may be obtained by writing to Gerard Klauer Mattison & Co., Inc., 529 Fifth Avenue, New York, N.Y. 10017, or People's Choice TV Corp., 4666 Main Street, Bridgeport, Conn. 06606.
 -0- 7/19/93
 /CONTACT: Eric Singer of Gerard Klauer Mattison & Co. Inc., 212-338-8932, or Hank Green of Sherman/Morris Inc., 212-682-4824, both for People's Choice TV Corp./
 (PCTV)


CO: People's Choice TV Corp. ST: Connecticut IN: ENT SU: OFR

WB-PS -- NY028 -- 2959 07/19/93 10:11 EDT
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Publication:PR Newswire
Date:Jul 19, 1993
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