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MPTV ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

 MINNEAPOLIS, July 27 /PRNewswire/ -- MPTV, Inc., announced that it has completed a $1 million private placement of its stock to accredited investors only. The company also reported that they have signed a letter of intent with Rickett & Co., Ltd., of London. The agreement calls for Rickett to conduct a multi-million dollar foreign placement of MPTV stock primarily to institutions. Management stated the placement would put the company in a very strong cash position.
 MPTV is engaged in the entertainment and hospitality industry, with interests in television and video properties.
 -0- 7/27/93
 /CONTACT: Gerald Doran, president/COO of MPTV, 612-571-7877/
 (MPTV)


CO: MPTV, Inc. ST: Minnesota IN: SU:

KH -- MN022 -- 6429 07/27/93 16:41 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 27, 1993
Words:118
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