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WCIC AGREES TO SELL TETON NATIONAL'S STOCK TO WOODMEN OF THE WORLD

 WCIC AGREES TO SELL TETON NATIONAL'S STOCK TO WOODMEN OF THE WORLD
 DENVER, Oct. 7 /PRNewswire/ -- Western Capital Investment Corp. (WCIC) (NASDAQ: WECA) has announced an agreement to sell the stock of one of its subsidiaries, Teton National Insurance Co., located in Cheyenne, Wyo., to Woodmen of the World.
 The agreement, as amended on Sept. 30, provides for the sale of all of Teton's stock to Woodmen and requires the approval of the Wyoming Insurance Commissioner, who has scheduled a hearing on the matter for Oct. 26, 1992. The Commissioner is expected to decide whether or not to approve the sale within 31 days after the hearing, and the agreement provides that the closing is to occur within four business days after the receipt of the Commissioner's approval.
 WCIC will take a charge of $1,200,000 in the third quarter to reflect the anticipated sale of Teton.
 -0- 10/7/92
 /CONTACT: Scott Crosby of Western Capital Investment, 303-623-5577/
 (WECA) CO: Western Capital Investment Corp.; Teton National Insurance Co.;
 Woodmen of the World ST: Colorado, Wyoming IN: FIN INS SU:


BB -- DV003 -- 7619 10/07/92 17:25 EDT
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Publication:PR Newswire
Date:Oct 7, 1992
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