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NORRIS COMPLETES PRIVATE PLACEMENT; SIGNS LEASE FOR NEW FACILITIES

 NORRIS COMPLETES PRIVATE PLACEMENT; SIGNS LEASE FOR NEW FACILITIES
 SAN DIEGO, April 13 /PRNewswire/ -- Norris Communications Corp. (OTC Bulletin Board: NROIF, Vancouver: NOC) announced today it has successfully completed a private placement of 600,000 equity units (each consisting of one share of common stock and one warrant) for gross proceeds of $2.55 million.
 The proceeds will be used for capital expenditures, expansion of manufacturing and laboratory space, and working capital, said Elwood Norris, president. The offering was made through Yorkton Securities of Vancouver, British Columbia, and Cruttenden and Co. of Irvine, Calif.
 The firm also announced it has signed a lease on a new 31,000- square-foot facility in Poway, Calif., for early September 1992 occupancy which more than triples its present space. The new plant will provide nearly 20,000 square feet of manufacturing space for American Surfaced Mounted Devices Inc. (ASMD), a Norris subsidiary that provides robotic surface mounting and contract manufacturing for major electronic firms; it will also house corporate headquarters. The company has placed on order a second high-speed robotic line and an automated through-hole line to increase its manufacturing capabilities.
 Norris is listed on the NASD OTC Bulletin Board under the symbol NROIF; the stock also trades on the Vancouver Stock Exchange.
 The firm has three subsidiaries: American Surface Mounted Devices Inc. (ASMD), which provides robotic surface mounting and contract manufacturing for major electronic firms; Sage Micro, which specializes in custom micro-bonding of silicon chips on printed circuit boards; and NORCOM, a research and development company which holds patents on Ear Phone (tm) wireless telephone devices.
 -0- 4/13/92
 /CONTACT: Elwood Norris, president of Norris Communications, 619-679-1504/
 (NROIF) CO: Norris Communications Corp. ST: California IN: CPR SU:


CH-KJ -- SD004 -- 7763 04/13/92 12:24 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
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