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LAMBERT COMMUNICATIONS, INC. CLOSES INITIAL PUBLIC OFFERING

 BROOKFIELD, Conn., Dec. 30 /PRNewswire/ -- Lambert Communications, Inc. (LCOM) announced today that it has completed its Initial Public Offering of 2,400,000 shares of Common Stock at a price to the public of $6 per share. The Company's Common Stock is traded on the NASDAQ Small Cap Market system under the symbol LCOM. The offering was managed by Hanifen, Imhoff, Inc. and Foley Mufson Howe & Company, as representatives of the Underwriters.
 The Company, founded in 1988, is a major provider of integrated information and education services for healthcare institutions and professionals. Lambert offers three services delivered via satellite to its approximately 600 subscriber hospitals: Physicians News Network which offers current up-to-date medical news for physicians, Patient Movie Channel which offers entertainment suitable for hospital patients, and The Leadership Channel which delivers information and continuing education for senior hospital management, nurses and allied healthcare professionals.
 -0- 12/30/93
 /CONTACT: M.J. Jameson, of Lambert Communications, 203-740-9404 or (fax) 203-740-2324/
 (LOCM)


CO: Lambert Communications, Inc. ST: Connecticut IN: SU: OFR

LG-PS -- NY024 -- 8149 12/30/93 16:59 EST
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Publication:PR Newswire
Date:Dec 30, 1993
Words:179
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