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BENSON EYECARE UNDERWRITERS EXERCISE OVERALLOTMENT OPTION

 NEW YORK, July 21 /PRNewswire/ -- Benson Eyecare Corporation (AMEX:EB) announced today that RAS Securities Corporation and ABD Securities Corporation have exercised and closed the underwriters' overallotment option to purchase 525,000 additional shares of common stock of Benson Eyecare Corporation at $7.00 per share. Benson Eyecare Corporation completed a public offering of 3,500,000 shares of common stock at $7.00 per share on July 9, 1993. Net proceeds to the company from the offering, including the overallotment, totalled $25,478,250.
 Benson Eyecare Corporation is the largest operator of ophthalmologist-based dispensaries in the United States and a leading distributor of ready-to-wear reading glasses and value priced sunglasses to mass merchandisers, drug stores and supermarkets.
 -0- 7/21/93
 /CONTACT: Martin E. Franklin of Benson Eyecare, 212-754-2800, or Fred Spar of Kekst and Co., 212-593-2655 for Benson/
 (EB)


CO: Benson Eyecare Corporation ST: New York IN: HOU SU:

LG -- NY038 -- 3880 07/21/93 10:56 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 21, 1993
Words:160
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