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INTERNATIONAL TICKER TAPE TO ISSUE SHARES IN LIEU OF CASH PAYMENT TO ECONOGREEN INVENTOR; U.S. PATENT RECEIVED

 SCOTTSDALE, Ariz., June 7 /PRNewswire/ -- International Ticker Tape Resources Ltd. (Vancouver: ITR) ("ITR") announced that it will issue a total of 380,953 common shares at a deemed value of $1.05 per share to Wribro Ltd. (the inventor and patent holder of Econogreen), in lieu of making a 200,000-pound sterling payment pursuant to its December 1992 agreement with Wribro. An additional 100,000-pound sterling cash payment, previously due July 1, 1993, is now scheduled for payment on Sept. 1, 1993.
 Separately, ITR announced that the U.S. Patent Office in Washington, D.C., issued a U.S. Letters Patent for the Econogreen to Wribro in May 1993. Econogreen is now protected in a total of 15 countries worldwide, including some of the most important industrialized countries in the world.
 Donald R. Head, president of ITR, said, "Receipt of our U.S. patent combined with the imminent approval from the State of California's Air Resources Board will enable us to commence a full- scale marketing effort in the United States as soon as July 1993. In addition, as previously reported, highly successful tests performed on Econogreen by a leading Mexican Government-licensed emissions testing company have led our Mexican distributors to project major Econogreen sales in 1993."
 International Ticker Tape Resources Ltd. is the manufacturer and marketer of Econogreen, an auto emissions reduction device.
 The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
 -0- 6/7/93
 /CONTACT: Donald R. Head, president of International Ticker Tape Resources, 602-991-4244/
 (ITR)


CO: International Ticker Tape Resources Ltd.; Wribro Ltd. ST: Arizona IN: AUT SU:

BP -- LA032 -- 6122 06/07/93 14:57 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
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