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INTERACTIVE VENTURES INC. (IVI) ANNOUNCES INTENTION TO FILE FOR A PUBLIC OFFERING OF COMMON STOCK

 MINNEAPOLIS, July 16 /PRNewswire/ -- Interactive Ventures Inc. (IVI), an Eagan, Minn.-based electronic publisher of medical and health care information, announced today that it plans to file with the Securities and Exchange Commission a registration statement relating to a public offering of shares of its common stock. The company currently plans to use the proceeds from the intended offering to accelerate development of products, to acquire optical publishing rights to additional titles and for working capital and general corporate purposes.
 The offering of shares under the intended public offering will be made only by means of a prospectus.
 -0- 7/16/93
 /CONTACT: Charles Nickoloff of Interactive Ventures, 612-686-0779; or Chris Malecek or Braun Ray Campbell, of Mona Meyer McGrath & Gavin, 612-832-5000, for Interactive Ventures/


CO: Interactive Ventures, Inc. ST: Minnesota IN: PUB SU: OFR

DB -- MN015 -- 2556 07/16/93 14:45 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 16, 1993
Words:144
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