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NATIONAL INDUSTRIAL SECURITY TO MERGE WITH WORLD TECHNOLOGY GROUP

 ST. LOUIS, June 17 /PRNewswire/ -- National Industrial Security Corporation (NISCO), headquartered in St. Louis, today announced the signing of a letter of intent to merge with World Technology Group, Inc. (WTG) of Baltimore. NISCO is a publicly traded company operating a security guard service in the St. Louis metropolitan area. WTG is a private company which owns and operates building contractor supply stores and distribution centers for steel products in Maryland, Delaware, Virginia and the District of Columbia.
 The proposed merger is subject to negotiations and execution of a definitive merger agreement and shareholder approval by each of the corporations. If the transaction is completed, NISCO would be the surviving corporation, but after the merger would immediately change its name to World Technology Group, Inc. NISCO's common stock currently trades in the over-the-counter market through the NASD Bulletin Board Quotation System. After the merger, shares of the company would continue to trade under the name of WTG in the same manner.
 Terms of the proposed merger call for the current operations of NISCO to be transferred to Max T. Jackson, president and chairman of the board of NISCO, in exchange for 2,000,000 shares of NISCO stock owned by Mr. Jackson and for the shareholders of WTG to control 80 percent of the stock of the company after the merger.
 NISCO had 1992 revenues of $2,516,702 while WTG had 1992 revenues of $11,905,351. WTG's 1993 revenues are projected to be $16,000,000. As of Dec. 31, 1992, NISCO had total assets of $373,195 and a net worth of $100,076. WTG's total assets as of Dec. 31, 1992 were approximately $5,250,000 with a net worth of approximately $400,000.
 WTG is a private company which has grown substantially through acquisitions over the past two years. In November 1992 WTG acquired J.B. Kendall Company, which operates hardware and steel supply stores in the Washington, D.C. area, and Eastern Shore Steel Company, which is a distributor of steel products in Maryland, Delaware and Virginia. During 1992, WTG also acquired Albert Gunther Company, which operates industrial and contractor supply stores in the Baltimore area. WTG recently opened four new contractor supply centers in Maryland and Virginia and is considering expansion to additional outlets.
 It is anticipated that a definitive Merger Agreement will be prepared and executed in July 1993.
 -0- 6/17/93
 /CONTACT: Max T. Jackson of National Industrial Security, 314-962-1414


CO: National Industrial Security Corporation;
 World Technology Group, Inc. ST: Missouri, Maryland IN: CST SU: TNM


LG -- NY037 -- 2991 06/17/93 10:14 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
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