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HELIONETICS ANNOUNCES COMPLETION OF OFFSHORE FINANCING

 IRVINE, Calif., Feb. 5 /PRNewswire/ -- Helionetics, Inc. (AMEX: ZAP) announced today the completion of offshore financing resulting in the sale of 700,000 shares of common stock to investors in Europe and Asia for a total of $2.3 million for the company's Tri-Lite and Prolite division, Helionetics' energy management and retrofit business.
 The company anticipates that with this financing, Helionetics, Inc., will now have a positive cash flow and anticipates the same throughout 1993.
 A spokesperson for the company said this infusion of capital will enable its energy management division to expand sales to $14 million in 1993, from approximately $7 million the previous year.
 -0- 2/5/93
 /CONTACT: Tony Schor of Martin E. Janis & Company, Inc., 312-943-1100, for Helionetics, Inc./
 (ZAP)


CO: Helionetics, Inc. ST: California IN: SU:

BM -- CL001 -- 3349 02/05/93 08:02 EST
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Publication:PR Newswire
Date:Feb 5, 1993
Words:140
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