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HALTER VENTURE SIGNS LETTER OF INTENT FOR ACQUISITION

 HALTER VENTURE SIGNS LETTER OF INTENT FOR ACQUISITION
 DALLAS, Dec. 13 /PRNewswire/ -- Halter Venture Corporation (HTVC)


announced today that it has signed a letter of intent to acquire Antenna Products Corporation, located in Mineral Wells, Texas. The acquisition is for 2,412,5000 shares of common stock.
 Antenna Products Corporation manufactures and markets both standard and custom designed antenna systems and accessories to serve the communication and navigation needs of industrial companies, federal agencies, and international governments. The company carries a diversity of product lines covering 8 distinct market segments, including airport landing systems, high power broadcast, shipboard positioners and antennas, light weigh mast systems, tower structures, fall prevention devices, and both fixed and tactical communication antennas.
 The company has served the communications industry for over 40 years, operating on a ten acre facility occupying over 100,000 square feet of production facility, with an employment force of 117 persons, who design, build, test and install various complex systems.
 Antenna Products Corporation's current backlog of firm orders is in excess of $6 million. Sales for its fiscal year ended May 31, 1991 were $10.4 million versus $7.9 million in 1990. Income before taxes were $499,470 in 1991, versus $396,701 in 1990.
 Consummation of the acquisition is subject to the execution of definitive agreements and the approval of directors and shareholders of Antenna Products Corporation. The acquisition is contemplated to be finalized in mid-January, 1992.
 -0- 12/13/91
 /CONTACT: Kevin B. Halter of Halter Venture, 214-780-8000/ CO: Halter Venture Corporation ST: Texas IN: SU: TNM


SM-TS -- NY027 -- 2356 12/13/91 12:17 EST
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Date:Dec 13, 1991
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