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MAGNETECH COMMON STOCK TO BE LISTED ON NASDAQ NATIONAL MARKET SYSTEM

 FORT LAUDERDALE, Fla., Oct. 4 /PRNewswire/ -- MagneTech Corporation (NASDAQ: TAPE) today announced that it has received approval to have its common stock listed on the National Market System on NASDAQ. The stock will begin trading on the NMS as of Oct. 5, 1993. MagneTech's common stock has been trading on the NASDAQ's Small Cap Market since 1989.
 Mr. Donald Courtney, chairman of the board of Magnetech, stated, "The move to the National Market is another indication of the financial strength and stability of MagneTech. We expect continuing growth in sales and earnings over the coming months."
 MagneTech is a rapidly growing, diversified video and audio communications company. Its operations include two state-of-the-art video tape and cassette tape duplication facilities, a full service video production company, a mobile satellite transmissions service company and a private satellite network service company.
 -0- 10/4/93
 /CONTACT: Don Courtney, chairman of the board of MagneTech, 305-791-6711/
 (TAPE)


CO: Magnetech Corporation ST: Florida IN: TLS SU:

TW-WB -- NY053 -- 8295 10/04/93 10:53 EDT
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Publication:PR Newswire
Date:Oct 4, 1993
Words:170
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