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MANAGEMENT TECHNOLOGIES ISSUES CORRECTION OF NOV. 2 PRESS RELEASE

MANAGEMENT TECHNOLOGIES ISSUES CORRECTION OF NOV. 2 PRESS RELEASE
 NEW YORK, Nov. 10 /PRNewswire/ -- Management Technologies Inc. wishes to advise holders of class A, class B and class C warrants that the first line of its press release of Nov. 2, 1992 contained a typing error and that the date erroneously stated as Nov. 12 should have read Nov. 16 as elsewhere throughout the press release. The full corrected text of the press release including the Nov. 3 announcement extending the expiration date of the class A and class B warrants follows:
 MANAGEMENT TECHNOLOGIES
 NEW YORK, Nov. 2 -- Management Technologies Inc. today announced that, effective Nov. 16 1992, it will decrease the exercise price of its class A, class B and class C warrants and increase the number of the warrants as a result of anti-dilutive adjustments. The expiration date of the warrants is extended to June 30, 1993 for the class A and class B warrants and remains Feb. 28, 1997 for the class C warrants. The conversion rate of the company's 8 percent subordinated convertible notes will also be adjusted effective Nov. 16, 1992.
 The class A warrants are exercisable for one share of the company's common stock and one class B warrant, and the class B and class C warrants are each exercisable for one share of common stock. The per share exercise prices will decrease from $2.10 to $1.92 for the class A warrants, from $3.00 to $2.65 for the class B warrants and from $1.50 to $1.34 for the class C warrants. The number of outstanding class A warrants will increase from 2,500,000 to 2,750,000, the number of outstanding class B warrants will increase from 720,000 to 792,000, with an additional 2,750,000 class B warrants authorized and available for issuance upon the exercise of class A warrants and the number of outstanding class C warrants will increase from 3,418,333 to 4,090,166.
 The prices at which the company may redeem the outstanding class A and class B warrants will also drop from $.025, in each case, to $.023 and $.022, respectively.
 Each warrantholder of record on Nov. 16, 1992 will receive certificates representing the additional warrants to which the holder is entitled. Fractional warrants will not be issued.
 The company has instructed its warrant agent, American Stock Transfer & Trust Company, 40 Wall Street, 46th Floor, New York, N.Y. 10005, to mail a brief summary of the adjustments to each registered holder of a warrant as of Oct. 29, 1992
 The conversion factor of the company's 8 percent subordinated convertible notes due May 1, 1994 will also be adjusted effective Nov. 16, 1992. Based on the current market price of the common stock, each noteholder will be entitled to covert $1.78 of outstanding principal and/or interest on the notes into one share of common stock. Additional adjustments will also become effective which would be operative at different market prices or after Jan. 31, 1994.
 -0- 11/10/92
 /CONTACT: MTI Investors Relations, 212-239-8224/ CO: Management Technologies, Inc. ST: New York IN: FIN SU:


LD-TM -- NY119 -- 9539 11/10/92 19:16 EST
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Date:Nov 10, 1992
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