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HLDS STOCK COMMENCES TRADING ON VSE

 SANTA CLARA, Calif., Oct. 19 /PRNewswire/ -- High Level Design Systems announced today the completion of a public offering of 1,200,000 shares of its Common Stock on the Vancouver Stock Exchange, resulting in proceeds to the company of approximately $1,443,000 (Canadian), net of commissions. The shares of Common Stock issued in the offering will initially trade on the VSE under the symbol "HLD" and a total of 1,910,000 previously issued shares will initially trade under the symbol "HLD.S." Haywood Securities Inc. acted as agent for the company in connection with the offering.
 The shares trading under the symbol "HLD.S" have been issued in reliance upon Regulation S under the United States Securities Act of 1933, as amended (the "1933 Act") and bear a legend restricting the transfer or sale of such shares unless effected in compliance with regulation S or another exemption under the 1933 Act or otherwise registered in compliance with the 1933 Act. As a general matter, pursuant to the resale provisions in Regulation S, a holder of shares bearing the Regulation S legend may resell such shares through the facilities of the Vancouver Stock Exchange as long as such sale is not accompanied by any directed selling efforts in the United States and neither the holder nor any person acting on its behalf knows that the transaction has been pre-arranged with or on behalf of a buyer in the United States. Dealers and other purchasers of shares trading under the symbol "HLD.S" are encouraged to consult legal counsel for clarification on matters relating to Regulation S.
 The 1,910,000 shares issued pursuant to Regulation S will trade through the facilities of the VSE under the symbol "HLD.S" until Sept. 4, 1994. At that time, it is the company's present intention to authorize the removal of the Regulation S legend, thus permitting such shares to trade thereafter under the symbol "HLD."
 The shares of the company's Common Stock trading under the symbol "HLD" were issued and sold through a prospectus offering in reliance upon Regulation A under the 1933 Act. Such shares may be freely traded, subject to certain prospectus delivery requirements applicable to dealers effecting any sale of the company's Common Stock until Dec. 16, 1993. Copies of the prospectus can be obtained from the offices of Haywood Securities Inc., 400 Burrard St., 11th Floor Commerce Place, Vancouver, B.C. V6C 3A6.
 High Level Design Systems, based in Santa Clara, develops and markets electronic design automation ("EDA") software tools for use in the design of integrated circuits.
 -0- 10/19/93
 /CONTACT: Lori K. Groat, 408-748-3456/
 (HLD.)


CO: High Level Design Systems ST: California IN: SU:
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MF -- LA021 -- 3941 10/19/93 11:48 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
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