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DWG CORPORATION ANNOUNCES FINAL RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS

 DWG CORPORATION ANNOUNCES FINAL RESULTS
 OF ITS ANNUAL MEETING OF SHAREHOLDERS
 MIAMI, Jan. 3 /PRNewswire/ -- DWG Corporation (AMEX: DWG) today announced in a mailing to its shareholders the final results of its Annual Meeting of Shareholders held on Dec. 27, 1991. A copy of that mailing follows:
 Our Shareholders:
 DWG Corporation held its Annual Meeting of Shareholders on Friday, Dec. 27, 1991. At the meeting, approximately 92 percent of the outstanding shares of DWG entitled to vote were present in person or by proxy. At the meeting, 16 persons were nominated for election to the company's 13 person board of directors. After giving effect to cumulative voting, which was ruled to be in effect, the inspectors of election found that the following votes were validly cast for the respective individuals nominated:
 Victor Posner 21,249,305.5
 H. Douglas Kingsmore 21,188,021.5
 Russell A. Boyle 21,177,128.5
 T.M. Thompson 21,122,993.5
 W.C. Robinson 21,120,240.5
 Melvin R. Colvin 21,104,238.5
 Steven Posner 21,058,812.5
 Bernard I. Posner 21,055,572.5
 Father Patrick O'Neill 21,000,000.0
 Martin J. Posner 21,000,000.0
 Richard M. Kerger 15,204,539.5
 Daniel R. McCarthy 15,204,539.5
 Harold E. Kelley 15,203,455.5
 Allan Applestein 11,138,036.0
 William L. Pallot 10,897,431.5
 Thomas A. Prendergast 9,654,635.5
 Such results give effect to the cumulation of the approximately 155.5 million votes cast with respect to shares beneficially owned by Victor Posner. As a result, Messrs. Victor Posner, Steven Posner, Russell A. Boyle, Melvin R. Colvin, H. Douglas Kingsmore, Harold E. Kelley, Richard M. Kerger, Daniel R. McCarthy, Father Patrick O'Neill, Bernard I. Posner, Martin J. Posner, W.C. Robinson and T.M. Thompson were elected as directors of the company at the meeting.
 At the meeting, the company's new 1991 Stock Option Plan was also approved by a vote of approximately 13.8 million for with approximately 2.1 million against and approximately 7.8 million shares abstaining. Finally, in the ratification of the selection of auditors over 98 percent of the votes were in favor of ratification of the selection of Arthur Andersen & Co.
 Very Truly Yours,
 DWG Corporation
 Edward A. Christensen
 Secretary
 -0- 1/3/92
 /CONTACT: Chuck Nolan of DWG Corporation, 305-866-7771/
 (DWG) CO: DWG Corporation ST: Florida IN: SU:


SS-JJ -- FL008 -- 6624 01/03/92 17:47 EST
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Publication:PR Newswire
Date:Jan 3, 1992
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