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SAEG ANNOUNCES 1-FOR-3 REVERSE STOCK SPLIT OF COMMON STOCK

 SAEG ANNOUNCES 1-FOR-3 REVERSE STOCK SPLIT OF COMMON STOCK
 PHILADELPHIA, Oct. 27 /PRNewswire/ -- Sigma Alpha Entertainment Group, Ltd. (OTC Bulletin Board: SAEG) today announced that its board of directors has approved a 1-for-3 reverse stock split of the company's common stock to stockholders of record as of the opening of business Monday, Nov. 2, 1992.
 The reverse split, which was also approved by majority written consent of the company's stockholders, is expected to be effective on Nov. 2, 1992.
 SAEG, headquartered in Philadelphia, is the parent company of Alpha International Records, a record company affiliated with PolyGram Label Group.
 /delval/
 -0- 10/27/92
 /CONTACT: Sigma Alpha Entertainment Group Investor Relations, 215-425-8682/
 (SAEG) CO: Sigma Alpha Entertainment Group; Alpha International Records ST: Pennsylvania IN: ENT SU:


CC-MK -- PH037 -- 5522 10/27/92 14:35 EST
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Publication:PR Newswire
Date:Oct 27, 1992
Words:135
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