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DBA SYSTEMS CALLS 9 1/2 PERCENT DEBENTURES FOR REDEMPTION

 MELBOURNE, Fla., Dec. 2 /PRNewswire/ -- DBA Systems, Inc. (NASDAQ: DBAS), a Melbourne-based defense imaging, charting, geodesy and electronics firm, announced today it is calling all of its outstanding 9 1/2 percent convertible subordinated debentures for redemption. The debentures may be converted into common stock of the company anytime up to and including 5 p.m. New York City time on Dec. 17, 1993, at a conversion price of $4.00 per share. Debentures not converted into common stock will be redeemed for cash. On Dec. 2, 1993, the 9 1/2 percent debentures had a total principal amount outstanding of $1,311,000. The closing price of the company's common stock on Dec. 1, 1993 was $7 1/8 per share.
 -0- 12/2/93
 /CONTACT: John L. Slack, chairman of the board, president and CEO, DBA Systems, 407-727-0660, ext. 2535/
 (DBAS)


CO: DBA Systems, Inc. ST: Florida IN: ARO SU:

RK-JB -- FL015 -- 9886 12/02/93 14:25 EST
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Publication:PR Newswire
Date:Dec 2, 1993
Words:161
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