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DIAL PAGE, INC. ANNOUNCES AN INITIAL PUBLIC OFFERING OF 1,500,000 SHARES OF COMMON STOCK

 DIAL PAGE, INC. ANNOUNCES AN INITIAL PUBLIC OFFERING OF
 1,500,000 SHARES OF COMMON STOCK
 GREENVILLE, S.C., Nov. 5 /PRNewswire/ -- Dial Page, Inc. (NASDAQ: DPGE) announced its initial public offering of 1,500,000 shares of common stock at $11.00 per share.
 In addition, the Company has granted the underwriters, Alex. Brown & Sons Inc., an option for 30 days to purchase up to 225,000 additional shares to cover over-allotments.
 The stock will be traded over-the-counter on the NASDAQ New Market System under the symbol DPGE. Of the proceeds of this offering, approximately $12 million will be used to prepay debt and the remainder will be used for general corporate and acquisition purposes.
 The Company has postponed its public offering of Senior Notes due 2002 due to market conditions and other factors. The Company may again seek to sell the Senior Notes or other debt in the public market.
 Dial Page markets local and regional paging and messaging services in 34 primarily small-to-medium-sized metropolitan areas in six Southeastern states with a total population of over 16.5 million.
 A registration statement relating to the Common Stock has been filed with the Securities and Exchange Commission. This Press Release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 A prospectus relating to the Common Stock can be obtained from Alex. Brown & Sons Inc., 135 E. Baltimore Street, Baltimore, Md. 21204, 410- 727-1700.
 -0- 11/5/92
 /CONTACT: Thomas A. Grina, Chief Financial Officer, Dial Page, Inc., 803-242-7234/
 (DPGE) CO: Dial Page, Inc. ST: South Carolina IN: TLS SU: OFR


MM -- CH022 -- 2918 11/05/92 09:41 EST
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Publication:PR Newswire
Date:Nov 5, 1992
Words:315
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