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ADVANCED FINANCIAL COMPLETES SECONDARY OFFERING

 SHAWNEE, Kan., April 6 /PRNewswire/ -- Advanced Financial, Incorporated (AMEX: AVF) today announced it has completed a secondary public offering of 1 million shares of common stock at $4.25 per share and has been approved for immediate listing by the American Stock Exchange under the symbol AVF.
 Net proceeds of the offering, which was managed by VTR Capital, Inc. and Nutmeg Securities, Ltd., amounted to approximately $3.4 million. The company intends to apply 90-95 percent of that amount to purchase loan servicing packages, according to Normal L. Peterson, president.
 Advanced Financial, Inc. is building a highly profitable business in the third party residential mortgage servicing industry. It also provides mortgage refinancing to selected homeowners among its current servicing portfolio.
 -0- 4/6/93
 /CONTACT: Brad Morris, treasurer of Advanced Financial, Inc., 913-268-1404, or Mark Cohen of Cameron Associates, 212-644-9560, for Advanced Financial, Inc./
 (AVF)


CO: Advanced Financial, Incorporated ST: Kansas IN: FIN SU: OFR

CK-OS -- NY025 -- 3378 04/06/93 10:41 EDT
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Publication:PR Newswire
Date:Apr 6, 1993
Words:164
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