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PRINCETON ELECTRONIC PRODUCTS MOVES MEDICAL IMAGING DIVISION

 PHOENIX, Ariz., Oct. 25 /PRNewswire/ -- Princeton Electronic Products (NASDAQ Small Cap: PELT), a 24-year-old diversified company, announced today that it will move its electronic products division from its location in Brunswick, N.J., to Phoenix.
 The division, which specializes in medical imaging products, has developed proprietary technology and products for such companies as Siemens, General Electric and Philips, N.V. The move will allow management to appropriate more time and activity to the research and development, production and marketing of the medical imaging products.
 "We will now be able to devote more energy to boosting production and increasing our marketing efforts. We feel that this division could add up to $2.5 million in revenues over the next 12 months," said Dale Eyman, chairman of the board for Princeton Electronic Products. "We are currently seeking a suitable manufacturing facility in the Phoenix area."
 Princeton Electronic Products, Inc., headquartered in Phoenix, is a highly diversified company that specializes, through its subsidiaries, in innovate products, financial services and venture capital.
 -0- 10/25/93
 /CONTACT: Dale E. Eyman, CEO of Princeton Electronic Products, 800-966-7865, or Shannon T. Squyres, president of Corporate Relations Group, 714-955-1860/
 (PELT)


CO: Princeton Electronic Products ST: Arizona, New Jersey IN: CPR SU:

TW -- NY014 -- 6149 10/25/93 09:04 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
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