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CPT HOLDINGS ANOUNCES REPURCHASE PROGRAM

 CPT HOLDINGS ANOUNCES REPURCHASE PROGRAM
 WASHINGTON, Aug. 19 /PRNewswire/ -- CPT Holdings, Inc. announced


today that its board of directors has authorized a stock repurchase program under which the company may spend up to $100,000 to repurchase shares of its Class A Common Stock and Class B Common Stock from time to time on the open market. The amount and timing of the purchases will depend on a number of factors, including the price of the company's common stock and prevailing market and business conditions. The company's Class A Common Stock and Class B Common Stock trade over-the- counter under the symbols CPTHA and CPTHB, and the company has applied for inclusion of its common stock in the NASDAQ system.
 William L. Remley, president of CPT Holdings, Inc., said "The stock repurchase program reflects the company's belief that its stock is undervalued at current market prices. This program represents an attractive investment alternative for a part of the company's cash reserves."
 CPT Holdings, Inc., with headquarters in Washington, D.C., is the successor to CPT Corporation, which was headquartered in Eden Prairie, Minn. Through CPT Office Systems, the company continues to develop, market and support the computer and word processing systems and other products of CPT Corporation. Another subsidiary of the company currently is marketing imaging products that were developed by CPT Corporation. Yet another subsidiary, Brighton Electric Steel Casting Company, is the leading domestic manufacturer of steel piercer points, which are used in the manufacture of stainless steel tube products.
 -0- 8/19/92
 /CONTACT: William Remley of CPT Holdings, 202-466-5885/ CO: CPT Holdings, Inc. ST: Washington, D.C. IN: CPR SU:


LB-AL -- MN005 -- 1313 08/19/92 11:36 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
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