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FIRETECTOR INC. STATEMENT ON INCREASING SHORT POSITION IN COMMON STOCK

 SYOSSET, N.Y., Oct. 15 /PRNewswire/ -- Firetector Inc. (NASDAQ: FTEC, FTECU) announced that it is aware of an increasing short position in its common stock. Because of its recently announced positive financial results, the company knows of no business reason that would justify such a short position. The company wishes to clarify that its units, recently issued in a public offering, may not be presently split into their components and the units therefore cannot be used to cover short positions without forfeiture of the attached warrants.
 -0- 10/15/93
 /CONTACT: Marc Palker, chief financial officer of Firetector, 516-921-3400, or Ron Folk of Goldis Financial Group, 516-357-8900/
 (FTEC)


CO: Firetector Inc. ST: New York IN: SU:

CK-OS -- NY056 -- 2815 10/15/93 14:44 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
Words:125
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