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TSS CLOSES UNDERWRITTEN OFFERING OF UNITS

 PROVIDENCE, R.I., May 14 /PRNewswire/ -- TSS Ltd. (NASDAQ: TSSL) announced the closing today of an underwritten offering of 1,350,000 units, each unit comprised of three shares of common stock and two redeemable common stock purchase warrants. The price at the effective date of May 7, 1993 was $3 for each unit. The underwriters of the offering also have the right to sell an additional 202,500 units pursuant to the underwriters' overallotment within 45 days. Pursuant to the registration statement and amendments thereto for the underwritten offering, the company also registered for sale by selling securityholders 789,993 additional units.
 Underwriters of the offering were Paulson Investment Company, Inc., Barclay Investments, Inc., and Greenway Capital Corp.
 -0- 5/14/93
 /CONTACT: Michael A. Clark, president of TSS Ltd., 401-421-8990; or John Swanson of Swanson communications, 212-683-4890, for TSS Ltd./
 (TSSL)


CO: TSS Ltd. ST: Rhode Island IN: SU: OFR

TS-WB -- NY056 -- 8686 05/14/93 14:04 EDT
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Publication:PR Newswire
Date:May 14, 1993
Words:161
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