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AVIATO INTERNATIONAL ANNOUNCES REVERSE STOCK SPLIT

 STAMFORD, Conn., June 24 /PRNewswire/ -- Aviato International, Inc. (formerly known as Portfolio Publishing, Inc.) today announced a one- for-two reverse stock split of its issued and outstanding common stock. This follows the company's acquisition of Aviato A/S on May 17, 1993 and in connection therewith a prior one-for-five reverse stock split of its common stock effective May 14, 1993. The execution of a definitive purchase agreement and the initial stock split were each previously disclosed in a Form 8-K filed by the company with the Securities and Exchange Commission on May 14, 1993. Aviato A/S, now a wholly-owned subsidiary of the company, is a Danish corporation engaged in the development, manufacturing and marketing of satellite-based and other mobile communications, fleet management and tracking systems for commercial, government and military markets.
 -0- 6/24/93
 /CONTACT: Flemming V. Madsen, president and chief executive officer of Aviato International, 203-328-3778/


CO: Aviato International, Inc. ST: Connecticut IN: SU:

MP-WB -- NY074 -- 5449 06/24/93 16:27 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
Words:166
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