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ADVANCE ROSS CORPORATION ANNOUNCES TWO-FOR-ONE STOCK SPLIT

 CHICAGO, Jan. 10 /PRNewswire/ -- The Board of Directors of Advance Ross Corporation (NASDAQ-NMS: AROS) today declared a two-for-one common stock split. Chairman and Chief Executive Officer Harve A. Ferrill announced that the split will be done as a 100% stock dividend, with certificates for the new shares to be mailed about Feb. 4 to holders of record as of Jan. 24.
 Ferrill said that the board has declared the stock split to "broaden the market for Advance Ross common stock by enhancing the liquidity and accessibility of our stock to current and prospective investors." He added that "the split recognizes Advance Ross' strong operating results, healthy financial condition, excellent stock market performance and exciting prospects."
 For the nine months ended Sept. 30, 1993, Advance Ross reported revenues of $36.1 million. Net income was $3.56 million, or $1.82 per share (after $736,000), or $.37 per share, amortization of goodwill and a non-recurring $225,000, or $.11 per share, technology license charge). In the comparable 1992 period, revenues were $3.49 million with net income of $39,000, or $.01 per share.
 At Sept. 30, 1993, Advance Ross had outstanding 1,671,113 shares of common stock. Giving effect to the announced split, shares of common stock outstanding would have been 3,342,226.
 Advance Ross Corporation's primary business is Europe Tax-free Shopping AB, the world's leading refunder of value-added taxes (VAT), serving travelers shopping at more than 70,000 retail outlets in Europe with 3,000 refund points. Advance Ross also operates PPC Industries, which designs, manufactures and installs electrostatic precipitators for industrial pollution control applications.
 -0- 1/10/93
 /CONTACT: Harvey Campbell of Advance Ross, 312-346-9126/
 (AROS)


CO: Advance Ross Corporation ST: Illinois IN: SU:

SH -- NY058 -- 0578 01/10/94 12:26 EST
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Publication:PR Newswire
Date:Jan 10, 1994
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