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MAINSTREAM DATA INC. FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

 SALT LAKE CITY, Nov. 17 /PRNewswire/ -- Mainstream Data Inc. ("Mainstream Data" or the "company") announced today that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 2,000,000 shares of common stock. Of the 2,000,000 shares to be sold, 1,500,000 shares will be sold by the company and 500,000 shares will be sold by the selling stockholder. The offering price is expected to be between $9 and $11 per share. The offering will be managed by Piper Jaffray Inc.
 Mainstream Data is a leading supplier of wireless data broadcasting network services and equipment for information providers ("IPs"), including vendors of financial data, news, entertainment and other services, including Reuters America Inc., Dow Jones & Co. Inc. and Thomson Financial Services, the providers of First Call(R). The company also develops and markets sophisticated data receivers and network management systems for use in private networks. In addition, the company recently introduced its Mainstream Newscast(R) product which allows users to create custom information profiles and have news matching those profiles electronically "clipped" from over 100 services and delivered continuously to their personal computers.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
 -0- 11/17/93
 /CONTACT: Scott Calder, chief executive officer of Mainstream Data Inc., 801-584-2800/


CO: Mainstream Data Inc. ST: Utah IN: TLS SU: OFR

RB-TM -- SF016 -- 5663 11/17/93 16:23 EST
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Publication:PR Newswire
Date:Nov 17, 1993
Words:330
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