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ACORN ANNOUNCES THAT ITS REGISTRATION STATEMENT HAS BEEN DECLARED EFFECTIVE

 POMPANO BEACH, Fla., Dec. 7 /PRNewswire/ -- Acorn Venture Capital Corporation (NASDAQ: AVCC) announced today that its registration statement had been declared effective by the Securities and Exchange Commission and that Robert Todd Financial Corporation is the underwriter in a public offering of 2 million shares of common stock at $2.75 per share.
 Acorn, a registered business development company, will have, after giving effect to the issuance of the above shares, 5,413,906 shares of common stock outstanding.
 Acorn's common stock is traded on NASDAQ under the symbol AVCC.
 -0- 12/7/93
 /CONTACT: Stephen A. Ollendorff, 212-481-9500/
 (AVCC)


CO: Acorn Venture Capital Corporation ST: Florida IN: SU: OFR

CK -- NY063 -- 1336 12/07/93 13:55 EST
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Publication:PR Newswire
Date:Dec 7, 1993
Words:119
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