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TVG TECHNOLOGIES OFFERING COMPLETED

 NEW YORK, Aug. 19 /PRNewswire/ -- TAT Technologies, Ltd. (NASDAQ: TATFD) ("TAT"), announced today that its subsidiary, TVG Technologies, Ltd. (NASDAQ: TVGUF) had completed its initial public offering of 7,130 units, for net proceeds of $5,775,300.
 Each unit consists of 300 common shares (NASDAQ: TVGTF) and 50 Series A warrants (NASDAQ: TVGWF) exercisable at $5.00 until Aug. 5, 1998, and 50 Series B warrants (NASDAQ: TVGVF) exercisable at $7.50 until Aug. 5, 1998, and 50 Series C warrants (NASDAQ: TVGLF) exercisable at $10.00 until Aug. 5, 1998.
 TAT anticipates a capital gain of approximately $2.4 million as a result of the offering. TAT now owns approximately 58.6 percent of TVG's equity.
 -0- 8/19/93
 /CONTACT: Israel Ofen, managing director of TAT Technologies, 011-972-8-592411, or Nathan Low, president of Sunrise Financial Group, 212-593-6483/
 (TVGUF)


CO: TVG Technologies, Ltd.; TAT Technologies, Ltd. ST: New York IN: SU: OFR

WB-OS -- NY019 -- 4233 08/19/93 10:12 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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