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ODETICS ANNOUNCES THE FILING OF A REGISTRATION STATEMENT

 ANAHEIM, Calif., Aug. 27 /PRNewswire/ -- Odetics Inc. (AMEX: OA, OB) announced today the filing of a Registration Statement with the Securities and Exchange Commission regarding a proposed offering of up to 1,150,000 shares of its Class A Common Stock. The entire 1,150,000 shares are being offered by the company. The proceeds of the offering will be used to reduce current indebtedness under the company's line of credit and fund anticipated future growth of ATL Products Inc., a wholly owned subsidiary, and for other working capital and general corporate purposes, including the possible investment in or acquisition of complementary businesses, products, product development rights and technologies. Cruttenden & Co. will serve as managing underwriter of the offering.
 Odetics specializes in the design and manufacture of systems and subsystems to automate the collection, storage, distribution and management of information.
 A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/27/93
 /CONTACT: Holly L. Barnett, APR, 714-774-5000/
 (OA OB)


CO: Odetics Inc. ST: California IN: TLS CPR SU: OFR

BP-LM -- LA015 -- 6632 08/27/93 12:58 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
Words:267
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