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J.C. Bradford & Co. lead manager for $72,800,000 stock offering for Ultrak, Inc.

NASHVILLE, Tenn.--(BUSINESS WIRE)--Nov. 26, 1996--J.C. Bradford & Co. recently completed a $72.8 million follow-on stock offering for Ultrak, Inc., a Dallas-based manufacturer and distributor of closed-circuit television products used in security and surveillance, industrial, mobile video, traffic management and dental and medical applications, it was announced today by James H. Graves and Breck Walker, Co-Directors of Corporate Finance and Partners of the firm.

J.C. Bradford & Co. was lead manager and Hoak Breedlove Wesneski & Co., Dallas, was the co-manager of the transaction.

J.C. Baadford's Corporate Finance Department provides equity and debt finance, merger and acquisition advice and private finance services for public and private corporations, primarily in the Southeastern United States.

"This was the second lead-managed equity offering that we've completed for Ultrak this year, the other being a $49 million secondary offering completed May 30th," said Kirk Lundblade, the J.C. Bradford & Co. Partner responsible for the Ultrak relationship. "As with our previous lead-managed offering, demand was very strong, and here we succeeded in increasing the number of shares offered from 2.6 million to 2.8 million, at $26 per share, well above the price of $16.38 per share that was achieved in the May offering."

"With the completion of this offering, we've lead- or co-managed $3.7 billion in equity offerings so far this year, more than double the 1995 total of $1.8 billion, which represented our fifth straight record year here in Corporate Finance," added Graves. "Our Institutional Sales Department, which placed $54.2 million of this offering with 65 institutional investors, proved once again that it's among the best in the nation in accessing capital for emerging growth companies."

"It's particularly gratifying that our second transaction with Ultrak was the 31st transaction we've completed for a Texas-based company since 1992, reflecting our commitment to one of the best emerging growth markets in the United States," Walker concluded.

The leading Southeastern regional brokerage firm, J.C. Bradford & Co. provides corporate finance services to the business and financial service, healthcare, technology, telecommunications, consumer products, restaurant, outsourcing, retail and media/entertainment industries, as well as other high growth companies.

CONTACT: J.C. Bradford & Co., Nashville

Jim Graves, 615/748-9583

or

Breck Walker, 615/748-9654
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Date:Nov 26, 1996
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