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NORTH STAR UNIVERSAL, INC., SELLS UNIVERSAL PRESS & LABEL SUBSIDIARY

 MINNEAPOLIS, Jan. 5 -- North Star Universal, Inc. (NASDAQ: NSRU) today announced that it has sold its Universal Press & Label, Inc., subsidiary. According to Peter Flynn, North Star executive vice president and chief financial officer, the subsidiary was sold to its existing management and specific terms of the sale were not disclosed.
 Universal Press & Label, Inc., founded in 1928 and located in Minneapolis, is a full-service commercial printer, including electronic prepress, lithograph, flexograph and letterpress. The company also announced that it will change its name to Universal Press & Link.
 North Star Universal, Inc. owns and supervises businesses providing voice and data communications networking products, systems and services, and maintenance and technical services to owners, users and lessors of mainframe and other types of computers. As a parent company, North Star provides resources for its businesses' development and growth. As of Sept. 30, 1992, North Star also owned a 38 percent interest in Michael Foods (NASDAQ: MIKL), and a 45 percent interest in CorVel Corporation (NASDAQ: CRVL).
 -0- 1/5/93
 /CONTACT: Peter Flynn of North Star Universal, 612-546-7500; or John Mackay of Padilla Speer Beardsley, 612-871-8877, for North Star/
 (NSRU)


CO: North Star Universal ST: Minnesota IN: TLS CPR SU:

DS -- MN002 -- 1571 01/05/93 09:18 EST
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Publication:PR Newswire
Date:Jan 5, 1993
Words:208
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