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LATSHAW ENTERPRISES DISTRIBUTES RIGHTS TO SUBSCRIBE FOR DEBENTURES

 LATSHAW ENTERPRISES DISTRIBUTES RIGHTS TO SUBSCRIBE FOR DEBENTURES
 WICHITA, Kan., Oct. 8 /PRNewswire/ -- Latshaw Enterprises, Inc. (the "Company") announced that on Oct. 7, 1992, it distributed to holders of record of its outstanding Common Stock at the close of business on Sept. 18, 1992, nontransferable subscription rights (the "Rights") to subscribe for and purchase from the Company $2,500,000 principal amount of Variable Interest Rate Convertible Subordinated Debentures, due Nov. 8, 2022. The Rights will expire at 5 p.m., Kansas City time, on Nov. 6, 1992, subject to extension at the option of the Company.
 The Debentures are being sold at a subscription price equal to the principal amount thereof. The Debentures will be convertible at any time prior to maturity, unless previously redeemed, into the Company's Stock at a conversion price of $5 per share. The Debentures will bear interest at a variable rate equal to 1 percent above the prime rate of Mark Twain Bank, St. Louis, adjusted on a semi-annual basis.
 The Offering is being conducted only by means of a written prospectus which is being mailed to stockholders of the Company. Stockholders who wish to obtain additional copies of the Prospectus may contact David G. Carr, Secretary, Latshaw Enterprises, Inc., 2533 South West Street, Wichita, Kan. 67217.
 -0- 10/8/92
 /CONTACT: David G. Carr, V.P. Finance, Latshaw Enterprises, 316-942-7266, Ext. 277/ CO: Latshaw Enterprises, Inc. ST: Missouri IN: SU:


SB -- NY089 -- 8033 10/08/92 16:06 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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