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MEDIA LOGIC SPLITS STOCK, SHAREHOLDERS APPROVE TWO PROPOSALS

 PLAINVILLE, Mass., March 2 /PRNewswire/ -- The board of directors of Media Logic, Inc., (AMEX: TST) at a meeting today, voted to authorize a 2-for-1 common stock split in the form of a stock dividend payable to shareholders of record at the close of business March 16, 1993.
 The board's action increases the number of common shares outstanding from 1,910,900 to 3,821,800. Media Logic's stock is traded on the American Stock Exchange (trading symbol: TST).
 The directors met following a special stockholders meeting this morning during which stockholders voted to approve two management proposals: to increase the number of authorized shares of common stock from three million to twenty million and to amend the company's Articles of Organization by adding a provision limiting the liability of directors in certain circumstances. An amendment granting to the directors the authority to make, amend or repeal the company's by-laws was not passed.
 -0- 3/2/93
 /CONTACT: Paul M. O'Brien of Media Logic, 508-695-2006/
 (TST)


CO: Media Logic, Inc. ST: Massachusetts IN: CPR SU: OFR

CH -- NE010 -- 1932 03/02/93 11:57 EST
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Publication:PR Newswire
Date:Mar 2, 1993
Words:184
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