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ULTIMAP ANNOUNCES RIGHTS OFFERING IS EFFECTIVE

 ULTIMAP ANNOUNCES RIGHTS OFFERING IS EFFECTIVE
 ST. PAUL, Minn., Nov. 27 /PRNewswire/ -- Ultimap Corporation


(NASDAQ: UMAPQ) announced today that its rights registration statement filed in September with the Securities and Exchange Commission has been declared effective. This clears the way for Ultimap's previously announced rights offering to commence next week and remain available until Dec. 27, 1991. This registration statement is for 827,063 rights issued to certain shareholders to purchase up to 2,133,333 shares of Ultimap common stock at $.80 per share.
 Additionally, a second registration statement filed in September has also been declared effective. Such registration statement provides for the sale from time to time of up to 6,800,000 common shares by selling shareholders who purchased such shares in the company's July 1991 private placement.
 "The rights offering today concludes the last stage of Ultimap's reorganization," said Dennis M. Mathisen, Ultimap's chairman. "We recapitalized Ultimap through the July 1991 private placement. At that time we made a commitment to existing shareholders that they would have the opportunity to participate, through a rights offering, in the ongoing financial support of the company. This rights offering provides that opportunity."
 Ultimap is a leading supplier of GIS (geographic information systems) products and services, providing solutions that meet the critical management requirements of local governments and utilities.
 -0- 11/27/91
 /CONTACT: John Kennedy of Ultimap Corporation, 612-688-1500/
 (UMAPQ) CO: Ultimap Corporation ST: Minnesota IN: SU: OFR


AL-DS -- MN013 -- 7896 11/27/91 16:58 EST
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Publication:PR Newswire
Date:Nov 27, 1991
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