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MLX CORP. CHOOSES JUNE 25 AS DATE FOR REVERSE STOCK SPLIT

 NORCROSS, Ga., June 17 /PRNewswire/ -- MLX Corp. (OTC Bulletin Board: MLXX) today announced that its one-for-10 reverse stock split would be effective as of the close of business on June 25.
 The reverse stock split had previously been approved by the shareholders of MLX at the annual meeting. The reverse stock split will result in shareholders receiving one "new" share of MLX for each 10 shares now held. Fractional shares resulting will be purchased at a price, derived from a market average, not lower than $1 per whole share.
 The reverse stock split will be managed by American Stock Transfer & Trust Company as exchange agent and will be coupled with the reincorporation of the company as a Georgia corporation. Also, in conjunction with the merger, transfers of the new shares will be restricted in certain respects in order to protect the company's $290 million tax loss carryforward. The transfer restrictions will be effective on the close of business on June 25.
 In commenting on the upcoming reverse stock split, Brian Esher, chairman and chief executive officer of MLX, stated: "We are pleased to be able to implement this reverse stock split and the reincorporation of the company so soon after the shareholders gave us their approval at the annual meeting. This is another element in our financial restructuring of the company which has been ongoing since new management arrived here at MLX in early 1991 and should enable us to reapply for listing on the NASDAQ Exchange. We believe this will add to our shareholders' value."
 MLX Corp. is traded on the Domestic OTC Electronic Bulletin Board under the symbol MLXX. MLX, through its S.K. Wellman subsidiaries, is a leading global manufacturer of high energy friction products and components used in aircraft brakes, heavy duty trucks and off-highway equipment clutches, brakes and transmissions.
 -0- 6/17/93
 /CONTACT: Thomas C. Waggoner, chief financial officer of MLX Corp., 404-279-4254/
 (MLXX)


CO: MLX Corp. ST: Georgia IN: MAC SU:

BR-BN -- AT009 -- 3275 06/17/93 16:41 EDT
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Date:Jun 17, 1993
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