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PHOTO CONTROL CORPORATION ANNOUNCES EXPANSION OF STOCK REPURCHASE PROGRAM

 MINNEAPOLIS, Sept. 16 /PRNewswire/ -- Photo Control Corporation (NASDAQ-NMS: PHOC), announced today that its board of directors has approved expansion of its stock repurchase program, from $1,000,000 to a total of $1,500,000 of the company's common stock.
 Under the plan, such purchases may be made from time to time at prevailing prices in the open market, by block purchases or in private transactions. The company had 1,567,821 shares of common stock outstanding as of Sept. 1, 1993. It has repurchased 220,691 shares since the repurchase plan first began in late 1988.
 The shares repurchased will be used to satisfy the company's obligations under the company's employee stock option plans and for other corporate purposes. Purchases will be made within certain restrictions relating to volume, price and timing in an effort to minimize the impact of the purchases on the market for the company's common stock. The company intends to utilize internally generated funds and, possibly, borrowings under its line of credit to acquire the shares.
 Photo Control Corporation manufactures and markets professional cameras, long-roll film magazines, package printers, film coaters, electronic flash equipment, cine and video lighting. The market for its products extends throughout the United States and some foreign countries. Photo Control Corporation has one division: Camerz Photo Products, and two wholly owned subsidiaries: Nord Photo Engineering, Inc., of Minneapolis and Norman Enterprises, Inc. of Burbank, Calif.
 The common stock is traded on the NASDAQ National Market System under the symbol PHOC.
 -0- 9/16/93
 /CONTACT: L.A. Willig, chairman/CEO of Photo Control, 612-537-3601/
 (PHOC)


CO: Photo Control Corporation ST: Minnesota IN: SU:

DB-KH -- MN008 -- 2692 09/16/93 12:49 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
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