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OMNICORP RECEIVES CONDITIONAL COMMITMENTS FOR FINANCING

 NEW YORK, Aug. 19 /PRNewswire/ -- OMNICORP Limited (NASDAQ: OMNI), announced today that its financial advisor London Wall Capital Group Limited has received conditional commitments to purchase an aggregate of 6 million shares of OMNICORP common stock at $.075 per share and convertible secured bonds in the aggregate principal amount of $20 million. The commitments are subject, inter alia, to the completion of due diligence and the preparation and execution of satisfactory documentation. The closing is expected to occur on or about Oct. 1, 1993.
 OMNICORP is a provider of industrial maintenance and environmental cleaning services, a transporter of hazardous and non-hazardous waste and a recycler of tires and other waste.
 -0- 8/19/93
 /CONTACT: Tom Forrest, chairman of OMNICORP, 212-830-9442/
 (OMNI)


CO: OMNICORP Limited ST: New York IN: SU:

WB-PS -- NY043 -- 4344 08/19/93 13:02 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
Words:139
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