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DATAMAP COMPLETES $1.5 MILLION PRIVATE EQUITY OFFERING

 DATAMAP COMPLETES $1.5 MILLION PRIVATE EQUITY OFFERING
 MINNEAPOLIS, Dec. 26 /PRNewswire/ -- DATAMap, Inc. announced today


the completion of a private placement of 1,000,000 shares of two-year restricted common stock at $1.50 per share. Proceeds from the offering will be used for general working capital purposes and to complete development and testing of the Geographic Underwriting System (GUS(SM)) developed for the insurance industry.
 DATAMap, Inc., based in Eden Prairie, Minn., designs, engineers, and markets Geographic Information Systems (GIS) software, systems, and services. DATAMap common stock is traded over-the-counter in Minneapolis/St. Paul.
 -0- 12/26/91
 / CONTACT: James E. Hovis, chairman and CEO or Gary S. Mertz, President, both of DATAMap, 612-934-0900; or Tom de Petra of de Petra & Associates, 612-338-7630, for DATAMap/ CO: DATAMap, Inc. ST: Minnesota IN: SU: OFR


AL -- MN008 -- 5277 12/26/91 11:51 EST
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Publication:PR Newswire
Date:Dec 26, 1991
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