ALBARA ANNOUNCES PROPOSED PUBLIC OFFERING
ALBARA ANNOUNCES PROPOSED PUBLIC OFFERING CONROE, Texas, Oct. 6 /PRNewswire/ -- Albara Corp.
(OTC Bulletin Board: ALAB) announced today that it plans to file a registration statement with the Securities and Exchange Commission to cover the offering of 450,000 shares of its common stock. The shares will be offered by Albara and certain selling shareholders. Albara expects to use the net proceeds of the offering to repay indebtedness and for general corporate purposes, including working capital. The offering will be made only by means of a prospectus.
Albara, through its two operating subsidiaries, develops, publishes and markets computer hardware, software and peripherals for the Apple Macintosh microcomputer. Marketing of its products is done via direct response marketing, authorized dealers and value added resellers. Albara has two operating subsidiaries, Micro Business Solutions Inc. ("MBSI") and NorthCon Technologies Inc. ("NCTI"). MBSI operates under the tradename "Hardware That Fits" and sells computer hardware and peripherals for the Macintosh microcomputer via the direct response market. In addition, MBSI markets its own line of hardware products that includes laser printers, a color printer, a color scanner, and both grayscale and color monitors under the "RealTech" tradename. NCTI currently markets one software product to computer dealers and mail order companies, Helix Express, a database which utilizes client-server architecture. The common stock of Albara is traded in the over-the-counter market and is listed in the Bulletin Board maintained by the National Quotation Bureau. -0- 10/6/92 /CONTACT: Holly Arbuckle of Albara, 409-539-2992/ (ALAB) CO: Albara Corp. ST: Texas IN: CPR SU: OFR
MC -- DV003 -- 6916 10/06/92 09:01 EDT
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|Date:||Oct 6, 1992|
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