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CRSS ANNOUNCES STOCK REPURCHASE

 CRSS ANNOUNCES STOCK REPURCHASE
 HOUSTON, Dec. 2 /PRNewswire/ -- CRSS Inc. (NYSE: CRX) announced its


board of directors today authorized management to make discretionary repurchases of up to 1,000,000 shares of its common stock, or about 8 percent of the shares outstanding.
 Such purchases would be made with corporate funds from time to time in the open market or otherwise at such prices as the company considers advisable and in compliance with SEC regulations. Shares purchased would be held as treasury shares to be used for general corporate purposes.
 "Though currently suffering from the effects of a continued recession, we are very confident about our future and believe the company's stock represents a very attractive investment opportunity," Bruce Wilkinson, chairman and chief executive officer, explained.
 CRSS, through its subsidiaries, is a diversified design and construction services company and is involved in the independent power/cogeneration industry. CRSS has also expanded through its interest in NaTec Resources, Inc., into the acid rain abatement market.
 -0- 12/2/91
 /CONTACT: Steve Pierce of CRSS, 713-552-2158/
 (CRX) CO: CRSS Inc. ST: Texas IN: SU:


GK-TS -- NY034 -- 8318 12/02/91 11:45 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 2, 1991
Words:191
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