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IRG TECHNOLOGIES FILES INITIAL PUBLIC OFFERING

 RICHARDSON, Texas, March 25 /PRNewswire/ -- IRG Technologies, Inc. announced the filing of a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of 2,750,000 shares of common stock, 2,300,000 of which are to be sold by the company and 450,000 of which are to be sold by selling stockholders. It is currently anticipated that the initial public offering price will be between $10 and $12 per share.
 Montgomery Securities, Kemper Securities, Inc. and Raymond James & Associates, Inc. will co-manage the offering. A copy of the preliminary prospectus can be obtained from the offices of Montgomery Securities, 600 Montgomery Street, San Francisco, Calif. 94111, Telephone 415-627-2220; Kemper Securities, Inc., 1515 Lincoln Plaza, 500 North Akard, Dallas, Texas 75201; or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Fla. 33716.
 IRG Technologies, Inc., through its wholly-owned subsidiary BSM Computers, Inc., is a leading national wholesale distributor of microcomputer peripheral products. The company distributes disk drives, monitors, printers, modems, keyboards, multimedia sound boards, networking adapters and other products from leading manufacturers to VARs and other resellers. IRG, through its wholly-owned subsidiary, Identity Systems Technology Inc., also sells microcomputer peripheral products under its own Identity private label directly to mass merchants and through its wholesale distribution network to VARs and other resellers.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 3/25/93
 /CONTACT: Wayne R. Maynard, vice president-finance and chief financial officer of IRG Technologies, Inc., 214-705-6545


CO: IRG Technologies, Inc. ST: Texas IN: CPR SU: OFR

LR -- NY070 -- 9737 03/25/93 15:57 EST
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Publication:PR Newswire
Date:Mar 25, 1993
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