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CAMELOT STOCK OFFERING RAISES $778,000

 DALLAS, May 3 /PRNewswire/ -- Camelot Corporation (NASDAQ: CAML), announced that its' rights and warrants offering to stockholders has raised approximately $778,000, and the present number of common shares issued and outstanding is 6,175,380.
 Camelot now has a cash position of approximately $1,600,000 and is actively seeking acquisition opportunities. "The additional cash raised by our offering will enable us to acquire much larger companies," said Danny Wettreich, chairman and chief executive officer, "and our search for acquisitions has intensified in recent weeks."
 Camelot is a holding company with a continuing policy of growth by acquisition, and has operating subsidiaries in financial services and energy.
 -0- 5/3/93
 /CONTACT: Danny Wettreich, chairman and chief executive officer, or Jeanette Fitzgerald, vice president and general counsel of Camelot Corporation, 214-733-3005/
 (CAML)


CO: Camelot Corporation ST: Texas IN: SU: OFR

PS -- NY069 -- 3828 05/03/93 12:51 EDT
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Publication:PR Newswire
Date:May 3, 1993
Words:150
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