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ESQUIRE RADIO & ELECTRONICS ISSUES STATEMENT

 BROOKLYN, N.Y., Nov. 17 /PRNewswire/ -- Esquire Radio & Electronics, Inc. (AMEX: EE) announced today that in connection with its tender offer commenced on Nov. 9, 1993, it has been advised by the American Stock Exchange ("AMEX") that, based upon the published guidelines of the AMEX, the Company has not had for some time, does not now have, and after completion of the tender offer will not have, a sufficient number of shares publicly held or round lot stockholders of record to assure continued listing of its Common Stock on the AMEX. The AMEX has not made any decision to delist the Company as a result of the tender offer or to commence proceedings therefor. After discussions with the AMEX, the Company has agreed, as indicated in its Offer to Purchase, that it will declare a 100 percent stock dividend, in effect a two-for-one stock split, promptly after expiration of the tender offer and, if requested by the AMEX, will consider taking such action as may be necessary to effectuate an additional two-for-one stock split. The AMEX has advised the Company that upon completion of the tender offer it will review the Company's continued listing eligibility, particularly in view of the sufficiency of the number of shares in the public float. The tender offer is scheduled to expire on Dec. 9, 1993 at 5 p.m. New York City time unless extended by the Company. For additional information, your attention is directed to the Company's Offer to Purchase dated Nov. 9, 1993.
 Esquire Radio & Electronics, Inc. is engaged in the design, development, importation, warehousing, distribution and service of telecommunications equipment.
 -0- 11/17/93
 /CONTACT: Harvey Lieberman, president of Esquire Radio & Electronics, 718-499-0920; or James E. Long or Daniel M. Sullivan of D.F. King & Co., 212-269-5550/
 (EE)


CO: Esquire Radio & Electronics, Inc. ST: New York IN: TLS CPR SU:

JG -- NY072 -- 5552 11/17/93 13:51 EST
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Publication:PR Newswire
Date:Nov 17, 1993
Words:318
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