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SECOM GENERAL CORPORATION ISSUES OPTION TO PRIVATE INVESTOR

 SECOM GENERAL CORPORATION ISSUES OPTION TO PRIVATE INVESTOR
 NOVI, Mich., March 11 /PRNewswire/ -- Secom General Corporation (NASDAQ: SECM) announced today that its board of directors has authorized the issuance of a 30-day option to businessman Warren Avis for the purchase of 1 million shares of Secom common stock at a price of $7.50 per share. The option expires April 9, 1992. Shares of common stock issued from the option will be "restricted shares" pursuant to SEC Rule 144. The exercise of the option is subject to the execution of a definitive agreement.
 "Mr. Avis has been a pioneer in the areas of quality improvement and worker involvement, which is consistent with Secom's operating philosophy," said David J. Marczak, Secom's secretary/treasurer.
 "We believe that additional equity of this magnitude will allow Secom to take advantage of opportunities in basic manufacturing that will enhance shareholder value," said Marczak.
 -0- 3/11/92
 /CONTACT: David J. Marczak of Secom General Corporation, 313-349-8970/
 (SECM) CO: Secom General Corporation ST: Michigan IN: MAC SU:


JG -- DE006 -- 7233 03/11/92 10:07 EST
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Publication:PR Newswire
Date:Mar 11, 1992
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