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PATHFINDER CORP. ANNOUNCES SIGNING OF CONTRACT TO ACQUIRE OUTSTANDING SHARES OF ARIZONA VIDEO DUPLICATION

 PATHFINDER CORP. ANNOUNCES SIGNING OF CONTRACT TO ACQUIRE
 OUTSTANDING SHARES OF ARIZONA VIDEO DUPLICATION
 SAN DIEGO, Feb. 10 /PRNewswire/ -- Pathfinder Corp. (NASDAQ: PTHF) today announced the signing of a contract to acquire all of the outstanding shares of Arizona Video Duplication Inc. for an undisclosed amount of cash and stock. The acquisition is an effort to diversify operations of Pathfinder Corp., which has its primary business interests in mineral exploration and development, and exploration and production of oil and gas throughout the Midwest.
 Sales for Arizona Video Duplication were approximately $3,200,000 for year end Dec. 31, 1991. Arizona Video employs 54 people and services about 4,000 customers nationwide. "Sales are expected to outgrow the industry growth rate of 20 to 25 percent over the next 12 months due to the operational capacity of the company and its aggressive nationwide marketing campaigns," said Les Bates, the company's chief executive officer and chairman.
 The acquisition is intended to be completed in the next 90 days.
 -0- 2/10/92
 /CONTACT: Virgil Williams, president of Pathfinder Corp., 619-695-9995/
 (PTHF) CO: Pathfinder Corp.; Arizona Video Duplication ST: California IN: OIL SU: CON


DM-CH -- SD006 -- 8300 02/10/92 12:49 EST
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Publication:PR Newswire
Date:Feb 10, 1992
Words:200
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