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MAGNAVISION CORPORATION/YARDLEY VENTURES MERGER COMPLETED

 MAGNAVISION CORPORATION/YARDLEY VENTURES MERGER COMPLETED
 SPRING LAKE, N.J., Jan. 17 /PRNewswire/ -- Magnavision Corporation (publicly traded OTC), formerly Yardley Ventures, Inc. (OTC-pink sheets) today announced that the acquisition of 98 percent of Yardley Ventures, Inc. common stock has been completed.
 Magnavision Corporation is a wireless cable/private cable television company which will initially serve the New York market.
 Wireless Cable television is a proven broadcast technology which can deliver cable programming at a lower cost than conventional cable.
 The company is presently nearing completion of construction of its first major project, installing television service to all dorm rooms on the campus of Seton Hall University, South Orange, N.J.
 Terms of the transaction included, Yardley changing its name to Magnavision Corporation, and effecting a 1 for 400 reverse stock split. Magnavision Corporation, will assume board control.
 -0- 1/17/92
 /CONTACT: Peter G. Tobia of Magnavision Corporation, 908-449-1200/ CO: MagnaVision Corporation; Yardley Ventures Inc. ST: New Jersey IN: TLS SU: TNM


TS-KW -- NY033 -- 1003 01/17/92 12:48 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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