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DATA RACE ANNOUNCES FILING WITH SEC FOR INITIAL PUBLIC OFFERING

 DATA RACE ANNOUNCES FILING WITH SEC FOR INITIAL PUBLIC OFFERING
 SAN ANTONIO, Texas, Aug. 31 /PRNewswire/ -- DATA RACE, Inc., a San Antonio-based manufacturer of internal data/fax modems for portable computers and of statistical multiplexers, announced today the filing of a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The lead underwriters for the offering will be Raymond James & Associates, Inc., and Southwest Securities, Inc. The filing was for a proposed offering of 1,500,000 shares (1,200,000 of which will be offered by the company and 300,000 by selling shareholders). It is anticipated that the offering will be made at a price of between $11 and $13 per share, to be determined later. After completion of SEC and State level review, it is anticipated that the offering will be in October 1992.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/31/92
 /CONTACT: Herb Hensley of DATA RACE, Inc., 512-558-1900; or Scott Cook of Raymond James & Associates, 813-573-3800; or Cynthia Henderson of Southwest Securities, 214-658-9495/ CO: DATA RACE, Inc. ST: Texas IN: SU: OFR


TS -- NY021 -- 4863 08/31/92 10:12 EDT
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Publication:PR Newswire
Date:Aug 31, 1992
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