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QUIPP, INC. REPORTS STOCK PURCHASE UNDER BUY-BACK PLANS

 MIAMI, July 8 /PRNewswire/ -- Quipp, Inc. (NASDAQ: QUIP), designer and marketer of newspaper material handling equipment announced that it has purchased 13,700 shares of its common stock under its buy-back plan announced in May 1993. Under the buy-back plan, the company can purchase up to $500,000 of its common stock at prevailing market prices in private transactions or in the over-the-counter market.
 Quipp, Inc. designs, manufactures and sells equipment to the newspaper industry to package and distribute newspapers. The company's primary products are stackers, bundle distribution systems, labeling systems and production management systems. The company helps newspapers automate their material to diverse consumer groups.
 -0- 7/8/93
 /CONTACT: John Green, vice president of marketing of Quipp, Inc., 305-623-8700/
 (QUIP)


CO: Quipp, Inc. ST: Florida IN: MAC SU:

AW-RC -- FL010 -- 9579 07/08/93 14:37 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:139
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