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OSICOM TECHNOLOGIES COMMENTS ON ANNOUNCEMENT

 OSICOM TECHNOLOGIES COMMENTS ON ANNOUNCEMENT
 ROCKAWAY, N.J., Aug. 14 /PRNewswire/ -- Osicom Technologies, Inc.


(NASDAQ: OSIC), the parent company of Osicom Technologies U.K. Ltd., stated that the public announcement yesterday by Scorpion Technologies Inc. (NASDAQ: SCPN) of Los Gatos, Calif. as it pertains to Osicom Technologies U.K. Ltd. should not be relied upon in any manner since neither Osicom said it has reached an agreement with an investment company to sell an undisclosed number of its common stock shares and certain of its assets but noted that the agreement is subject to several conditions including the successful completion of various negotiations in which Osicom is a participant, shareholder approval as well as other corporate actions.
 -0- 8/14/92
 /CONTACT: Sharon Chadha of Osicom Technologies, 201-586-2550/
 (OSIC SCPN) CO: Osicom Technologies, Inc.; Scorpion Technologies Inc. ST: New Jersey, California IN: CPR SU:


TS-PS -- NY023 -- 0031 08/14/92 13:04 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 14, 1992
Words:153
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