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STARBASE CORP. COMPLETES A REVERSE TAKE-OVER

 STARBASE CORP. COMPLETES A REVERSE TAKE-OVER
 VANCOUVER, British Columbia, Oct. 21 /PRNewswire/ -- A computer


software company has gone public on the Vancouver Stock Exchange (VSE) by virtue of a reverse take-over, whereby an established, non- listed company takes over one already listed on the exchange.
 StarBase Corp. began trading this morning at the opening. It is classified as a "venture" company and will trade under the symbol "SBP."
 The California-based company is engaged in the development of "Object-Oriented" software targeted for workstations and the personal computing marketplace. The company has designed and is currently developing a system that includes a programming language, programming tools, database system and user interface management.
 Formerly Pacific National Seafarms Ltd., StarBase Corp. has consolidated its capital on the following basis: two old shares for one new share.
 The post-consolidation capitalization is 50 million shares with no par value of which 10,002,405 shares are issued and outstanding (including 4,255,914 in escrow). The issued and outstanding figures are after giving effect to the share exchange but prior to shares to be issued pursuant to the private placement and finder's fee arrangement as per the VSE Notice of Oct. 21, 1992. The transfer agent for the company is Montreal Trust Co.
 StarBase Corp.
 William R. Stow III
 President
 Suite 311 - 1805 E. Dyer Road
 Santa Ana, CA
 92705
 714-474-9975
 -0- 10/21/92
 /CONTACT: David A. Laundy, 604-689-3334/
 (SBP.) CO: StarBase Corp. ST: British Columbia IN: CPR SU:


JB-BP -- LA037 -- 3205 10/21/92 18:38 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
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