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DNE CORPORATION ANNOUNCES FINAL CLOSING OF CONVERTIBLE DEBENTURE OFFERING

 DNE CORPORATION ANNOUNCES FINAL CLOSING
 OF CONVERTIBLE DEBENTURE OFFERING
 NEW YORK, Sept. 17 /PRNewswire/ -- DNE Corporation (OTC Bulletin Board: DNEC) announced today that it completed its second and final closing of its previously announced private sale of $2,000,000 principal amount of convertible debentures. The 11 percent senior subordinated convertible debentures due April 15, 1997 are convertible into common stock of the company at $.181 per share.
 For over twenty years, DNE Corporation, through its wholly-owned subsidiary, NFS Services, Inc. (and its predecessor), has been providing asset recovery and other related services to security firms, banks and other financial institutions, bankruptcy trustees and others.
 -0- 9/17/92
 /CONTACT: Eugene N. Scalercio, chairman of the board and chief executive officer of DNE Corporation, 212-425-9460/
 (DNEC) CO: DNE Corporation ST: New York IN: FIN SU: OFR


TM-AH -- NY087 -- 0852 09/17/92 16:57 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:145
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