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DOCUMENT TECHNOLOGIES ANNOUNCES INITIAL PUBLIC OFFERING EFFECTIVE

 DOCUMENT TECHNOLOGIES ANNOUNCES INITIAL PUBLIC OFFERING EFFECTIVE
 MOUNTAIN VIEW, Calif., March 3 /PRNewswire/ -- Document Technologies Inc. (DTI) announced that its initial public offering of 750,000 units consisting of one common share and one warrant at $6 per unit was declared effective by the Securities and Exchange Commission.
 Trading of the stock has begun on NASDAQ under the symbols DTIIU (units), DTII (common) and DTIIW (warrants). Prior to this offering there had been no public market for the company's stock.
 Paulson Investment Co. Inc., a Portland, Oregon-based investment banking firm, was the managing underwriter. Copies of the final prospectus may be obtained by contacting Thomas McChesney at Paulson Investment at 503-243-6000.
 Dwight F. Ryan, chief executive officer of DTI, said the company intends to use the proceeds for working capital and R & D. The offering is being made solely by the company and not by any security holder.
 Based in Mountain View, Document Technology provides high resolution document image processing subsystems that can be easily integrated with an end user's existing computer system to add high- efficiency imaging processing capability. End users can enter, view, store, retrieve, fax and print pictures of documents that can't practically be converted to ASCII text.
 This communication shall not constitute an offer to sell or a solicitation in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
 -0- 3/3/92
 /CONTACT: Chris Munson of Document Technologies, 415-964-6100; or Shirley Thompson of Carl Thompson Associates, 303-494-5472, for Document Technologies/ CO: Document Technologies Inc. ST: California, Oregon IN: CPR SU: OFR


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Publication:PR Newswire
Date:Mar 3, 1992
Words:282
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