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OPTICAL RADIATION CORP. AND ARC INTERNATIONAL CORP. ANNOUNCE DEFINITIVE SALES AGREEMENT

 AZUSA, Calif., Jan. 26 /PRNewswire/ -- Optical Radiation Corp. (NASDAQ: ORCO) and ARC International Corp. (AMEX: ATV) jointly announced today that they have signed a definitive sales agreement under which Ballantyne of Omaha, Neb., a wholly owned subsidiary of ARC, will acquire certain assets of Optical Radiation's Cinema Products division. These assets include the Century projector and the audio visual Xenographic product lines as well as the distribution rights to Isco Ultra-Star(R) projection lenses in North America.
 Terms of the transaction were not disclosed, but a closing of the asset purchase is anticipated to take place on or before Feb. 26, 1993, and is contingent upon bank and board approval.
 Optical Radiation designs and manufactures a wide range of precision optical components and systems for medical, industrial and scientific applications. ARC is a leading distributor to the Canadian cable industry, and Ballantyne is a manufacturer of commercial motion picture equipment, xenon follow spotlights and specialty restaurant equipment.
 -0- 1/26/93
 /CONTACT: Richard D. Wood, chairman and president of Optical Radiation, 818-969-3344; Arnold S. Tenney, president of ARC International, 416-630-0200; or Roger S. Pondel of Pondel, Parsons & Wilkinson, 310-207-9300, for Optical Radiation/
 (ORCO ATV)


CO: Optical Radiation Corp.; ARC International Corp. ST: California IN: ENT SU:

LS-JB -- LA028 -- 9278 01/26/93 16:41 EST
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Publication:PR Newswire
Date:Jan 26, 1993
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