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CAMELOT TO SELL ENERGY SUBSIDIARY

 DALLAS, Jan. 4 /PRNewswire/ -- Camelot Corporation (NASDAQ: CAML), announced that it has made provisional arrangements to sell its 69 percent controlling interest in Beecher Energy, Ltd. ("Beecher"), for $450,000. The Camelot book value of the investment is approximately $240,000. Beecher is a public company in the oil and gas business and is listed on the Vancouver Stock Exchange. The sale is expected to close on Jan. 11, 1994, subject to the successful conclusion of negotiations.
 "The sale of our energy interests will further our stated corporate objective of concentrating our resources in the children's educational video and computer software business," said Danny Wettreich, chairman and chief executive officer of Camelot.
 -0- 1/4/94
 /CONTACT: Danny Wettreich, chairman and chief executive officer of Camelot Corporation, 214-733-3005/
 (CAML)


CO: Camelot Corporation; Beecher Energy, Ltd. ST: Texas IN: OIL SU:

TW -- NY015 -- 8818 01/04/94 10:13 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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