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TOP SOURCE RAISES $2.3 MILLION FROM PRIVATE PLACEMENT

 TOP SOURCE RAISES $2.3 MILLION FROM PRIVATE PLACEMENT
 NEW YORK, May 7 /PRNewswire/ -- Top Source, Inc. (AMEX: TPS.EC)


announced today that the company has raised more than 2.3 million by privately selling units consisting of one common share and one warrant exercisable at $7.00. The unit price was $2.50.
 Chairman Stuart Landow said, "We are very pleased with this statement of investor confidence in our business. We will use the capital raised to increase marketing and technical support for our ARC Safety Seat technology which is receiving broader interest. The additional engineering and sales staff will also help increase revenues on our overhead speaker systems which have additional vehicle applications, and on our other product lines."
 The ARC technology is owned by the company through an exclusive license agreement with the Massachusetts Institute of Technology.
 Top Source, Inc. develops and markets automotive technologies. The company currently sells overhead speaker systems for Chrysler and General Motors vehicles, and accessories for Ford Motor Company trucks and Chrysler Corporation sport utility vehicles.
 -0- 5/7/92
 /CONTACT: Stuart Landow of Top Source, 212-674-4686/
 (TPS) CO: Top Source, Inc. ST: Florida IN: AUT SU:


AH-JB-AW -- FL002 -- 7472 05/07/92 09:32 EDT
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Publication:PR Newswire
Date:May 7, 1992
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