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TOP SOURCE CLOSES $750,000 PRIVATE PLACEMENT TO SUPPORT REVENUES

    TOP SOURCE CLOSES $750,000 PRIVATE PLACEMENT TO SUPPORT REVENUES
    NEW YORK, Feb. 10 /PRNewswire/ -- Top Source, Inc. (NASDAQ: TOPS) Chairman Stuart Landow announced that the company had raised an additional $750,000 of working capital from a private placement of restricted stock.  The money will be used in the first half of 1992 for additional sales, marketing, and engineering activities needed to support recently received and further anticipated contracts from several Detroit and foreign auto makers.  Top Source is a developer and marketer of technologies and products for use in the transportation industry.
    Chairman Landow said, "Our rapidly increasing revenue stream and further auto maker participation with our Arc Safety Seat Technology, Overhead Speaker System, and several other proprietary, technologies required immediate expansion of support staff to properly serve the auto makers needs."
    -0-                         2/10/92
    /CONTACT:  Stuart Landow of Top Source, 212-674-4686/
    (TOPS) CO:  Top Source, Inc. ST:  Florida IN:  AUT SU: 162 02-10-92 14:36 EST AW-SS -- FL008 -- 8395 02/10/92 14:51 EST
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Publication:PR Newswire
Date:Feb 10, 1992
Words:169
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