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XATA CORPORATION CLOSES PRIVATE PLACEMENT

 BURNSVILLE, Minn., Dec. 29 /PRNewswire/ -- XATA Corporation announced that it has completed a Private Placement of 1,720,000 common shares at $.70 per share. Craig-Hallum acted as agent for the offering. Net proceeds to the company of approximately $1,025,000 will primarily be used for working capital. Upon completion of the offering, the company has 9,370,257 shares outstanding.
 XATA Corporation is engaged in the design, manufacture and distribution of information systems to the truck fleet industry. The company's information systems include a proprietary programmable onboard computer and software to provide driver and management information such as driver logs, state fuel tax reports, dispatch instruction, maintenance data and fuel economy management.
 The company's securities are traded on the local over-the-counter market in Minneapolis-St. Paul.
 -0- 12/29/92
 /CONTACT: Arve Moser of XATA, 612-894-3680/


CO: XATA Corporation ST: Minnesota IN: TRN SU: OFR

KH -- MN003 -- 0290 12/29/92 10:45 EST
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Publication:PR Newswire
Date:Dec 29, 1992
Words:155
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