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PHOTONICS CORP. FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

 SAN JOSE, Calif., Sept. 22 /PRNewswire/ -- Photonics Corp. (proposed NASDAQ symbol: PHTX) announced that it has filed a Registration Statement with the Securities and Exchange Commission covering a proposed initial public offering of 1,875,000 shares of newly issued Common Stock. All shares offered are to be sold by the company. It is currently anticipated that the initial public offering price will be between $8.00 and $10.00 per share. H.J. Meyers & Co. Inc. will be the managing underwriter of this offering.
 Photonics designs, develops and markets wireless network products which utilize diffuse infrared light which allow mobile computer users to easily and reliably connect to existing local area networks to access databases, printers, modems and other shared resources, as well as to set up ad hoc wireless networks for collaborative computing.
 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 communication shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale will be unlawful to registration or qualification under the securities laws of any such jurisdiction. Such offer is made only through the prospectus. A copy of the preliminary prospectus can be obtained from the offices of H.J. Meyers & Co. Inc., 356 North Camden Drive, Beverly Hills, CA 90210, 310-278-7880.
 -0- 9/22/93
 /CONTACT: Dawn Nielsen, Corporate Communications, 408-955-7930/


CO: Photonics Corp. ST: California IN: CPR SU: OFR

MF-LM -- LA010 -- 4562 09/22/93 09:46 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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