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ITEC ATTRACTIONS' INITIAL PUBLIC OFFERING OF 2,500,000 UNITS DECLARED EFFECTIVE BY SEC

 ITEC ATTRACTIONS' INITIAL PUBLIC OFFERING
 OF 2,500,000 UNITS DECLARED EFFECTIVE BY SEC
 SALT LAKE CITY, Aug. 24 /PRNewswire/ -- International Tourist Entertainment Corp. ("ITEC Attractions") announced today its registration statement has been declared effective by the Securities and Exchange Commission (SEC) covering its initial public offering of 2,500,000 units. Each unit, priced at $5.50, consists of one share of common stock and one warrant exercisable at $6.50.
 Proceeds of the offering will be used to finance the development and construction of giant screen theater complexes in St. Thomas, U.S. Virgin Islands and in Branson, Mo. Proceeds will also be used to produce an IMAX format film for each of the specific theater locations.
 The business of ITEC Attractions is the creation of highly specialized movie entertainment that captures the culture, history, beauty and uniqueness of popular tourist destinations.
 Gene Morgan Financial, of Los Angeles, is managing the offering.
 -0- 8/24/92
 /CONTACT: Kelvyn H. Cullimore of ITEC Attractions, 800-574-4832; or Gene Morgan of Gene Morgan Financial, 800-468-6329/ CO: International Tourist Entertainment Corp. ST: Utah IN: ENT SU: OFR


MC -- DV002 -- 2452 08/24/92 09:00 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
Words:194
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