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INNOVEX SELLS REMAINING INTEREST IN LUCHT ENGINEERING

 HOPKINS, Minn., Nov. 2 /PRNewswire/ -- Innovex, Inc. (NASDAQ: INVX) today announced that it has completed the sale of its remaining 40 percent interest in Lucht Engineering for cash.
 The company sold the assets, excluding accounts receivable, and a 60 percent equity interest in Lucht in November 1992 to Lucht Acquisition Corporation (LAC), an investment group headed by Jean R. Stiegemeier and Rob Furst. Lucht formerly constituted the company's photo equipment market group.
 Under the terms of the original agreement, the principal shareholder of Lucht Acquisition Corp. had the option of buying an additional 20 percent of the stock on Nov. 1, 1993. The sale of Innovex's entire holdings of LAC were made at book value and will have no impact on the company's balance sheet.
 Innovex is the nation's leading manufacturer of lead wire assemblies for thin-film disk drives. The company's common stock is traded on the National Market System under the NASDAQ symbol INVX.
 -0- 11/2/93
 /CONTACT: Thomas W. Haley, chairman and CEO of Innovex, 612-938-4155/
 (INVX)


CO: Innovex, Inc.; Lucht Acquisition Corp. ST: Minnesota IN: CPR SU:

DB-DS -- MN014 -- 9715 11/02/93 14:13 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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