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PACIFIC ASIA TECHNOLOGIES COMPLETES FIRST STAGE OF REFINANCING

 VANCOUVER, British Columbia, July 6 /PRNewswire/ -- Pacific Asia Technologies Inc. today announced that it has completed the first US$1 million tranche of the bridge financing which forms the first stage of the refinancing program approved at the company's annual general meeting on May 20, 1993.
 It is anticipated that the remainder of the bridge financing will be in place by the end of this summer prior to the company preparing a public offering with a view to a listing on the National Market System of NASDAQ.
 -0- 7/6/93
 /CONTACT: Roy Robinson, secretary of Pacific Asia Technologies Inc., 604-322-0487/
 (PFT.)


CO: Pacific Asia Technologies Inc. ST: British Columbia IN: SU: FNC

CK-OS -- NY016 -- 8549 07/06/93 10:27 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
Words:122
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