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UNITED CAPITAL ANNOUNCES INTENTION TO REPURCHASE SHARES

 UNITED CAPITAL ANNOUNCES INTENTION TO REPURCHASE SHARES
 NEW YORK, Sept. 9 /PRNewswire/ -- United Capital Corp. (AMEX: ICU)


announced today that its board of directors has authorized the repurchase of up to an additional 500,000 shares of United Capital Corp. common stock. Purchases will be made from time to time in the open market at prevailing market prices and may be made in privately negotiated transactions. There are 6,551,365 shares of common stock currently outstanding.
 -0- 9/9/92
 /CONTACT: Dennis Rosatelli, chief financial officer of United Capital, 516-466-6464/
 (ICU) CO: United Capital Corp. ST: New York IN: SU:


PS -- NY070 -- 7625 09/09/92 15:33 EDT
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Publication:PR Newswire
Date:Sep 9, 1992
Words:110
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