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QUAD SYSTEMS CORPORATION ANNOUNCES PUBLIC OFFERING

 HORSHAM, Pa., May 12 /PRNewswire/ -- Quad Systems Corporation (NASDAQ: QSYS) announced an initial public offering of 2 million shares of its common stock at $7 per share, including 1,500,000 shares to be sold by the company and 500,000 shares to be sold by selling stockholders.
 The shares are being sold through an underwriting syndicate managed by Unterberg Harris and Pennsylvania Merchant Group Ltd. Certain selling stockholders have granted the underwriters an option to purchase up to an additional 300,000 shares.
 Quad intends to use the proceeds of the offering for capital expenditures, repayment of indebtedness and general corporate purposes.
 Quad designs, manufactures, markets and supports high accuracy surface mount assembly equipment used in the manufacture of printed circuit boards in low to medium volume production environments. Quad's assembly equipment facilitates and controls the handling and positioning of printed circuit boards and the precision placement of a broad range of electronic components.
 /delval/
 -0- 5/12/93
 /CONTACT: Anthony R. Drury, vp-finance of Quad Systems, 215-657-6202/
 (QSYS)


CO: Quad Systems Corporation ST: Pennsylvania IN: CPR SU: OFR

MJ-MK -- PH037 -- 7796 05/12/93 17:35 EDT
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Publication:PR Newswire
Date:May 12, 1993
Words:189
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