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IMPRESSION DELIVERY ANNOUNCES LETTER OF INTENT TO ACQUIRE INDUSTRIAL OFFICE PARK

 MINNEAPOLIS, Dec. 22 /PRNewswire/ -- Impression Delivery Corporation announced today the signing of a letter of intent to acquire an industrial office park located in Orange County, Calif. The office complex has an appraised value of $6.1 million with $2.4 million in equity. It is a 60,000 square foot office complex and it will house IDC's West Coast division and Prime Cut Entertainment. The remaining 65 percent of the building has long-term leases. The company expects to close the transaction before Jan. 1, 1993.
 With IDC recent strategic acquisitions management intends to apply for NASDAQ in first quarter of 1993.
 IDC was founded in 1989 and its stock currently trades in the over- the-counter market "pink sheets."
 The IDC National Broadcast Network is a television satellite network which will broadcast three minutes of major brand sponsor spots, including state lotteries, in uninterrupted rotation, around the clock, everyday, to thousands of convenience stores throughout the United States and the world.
 -0- 12/22/92
 /CONTACT: Mark Merrill of IDC, 612-541-1100/


CO: Impression Delivery Corporation ST: Minnesota IN: SU: TNM

AL -- MN010 -- 9209 12/22/92 14:35 EST
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Publication:PR Newswire
Date:Dec 22, 1992
Words:189
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