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ARTAGRAPH BEGINS PROCESS TO ACQUIRE PATENTS USED IN ITS FAMOUS ARTAGRAPH EDITIONS

 ARTAGRAPH BEGINS PROCESS TO ACQUIRE PATENTS USED
 IN ITS FAMOUS ARTAGRAPH EDITIONS
 MARKHAM, Ontario, Oct. 8 /PRNewswire/ -- Artagraph Reproduction Technology (NASDAQ: XARFC/XARPF/XARWF/XARZF) announced today that on Sept. 21 Artagraph had acquired all patents and intellectual property rights from ESSTRA Industries Corp. related to the process used by Artagraph in producing its famous Artagraph Editions.
 Harvey Kalef, chairman and CEO of Artagraph, in making the announcement, stated that Artagraph has made the initial payment of $1.2 million (US) and that the balance of the purchase will be completed in 18 monthly installments per agreement with ESSTRA.
 "In acquiring these patents," Kalef added, "Artagraph has secured its place in the industry. We will no longer have to pay royalties for each use of the patented process and as a result we are now able to broaden our product line. Such action is expected to add significantly to the overall profitability of Artagraph."
 Artagraph manufactures and markets replications of oil paintings consisting principally of Impressionists, Post-Impressionists and Contemporary artists.
 Artagraph has recently completed a public offering of its convertible preferred stock underwritten by J. Gregory & Company, Inc., of Great Neck, N.Y.
 -0- 10/8/92
 /CONTACT: Joe Procopio for Artagraph Reproduction Technology, 703-978-3721/
 (XARFC) CO: Artagraph Reproduction Technology, Inc. ST: IN: SU:


DC -- DC008 -- 0356 10/08/92 10:10 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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