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PRINCETON GROUP FORMED TO PROVIDE MEZZANINE FINANCING TO SMALL COMPANIES

 PRINCETON, N.J., May 19 /PRNewswire/ -- The Princeton Group, an investment firm specializing in providing mezzanine financing to small companies, has been formed by Kevin R. Batchelor, a veteran mergers-and- acquisitions consultant.
 The new company will be headquartered at 9 Charlton St., Princeton.
 In announcing the firm's formation, Batchelor indicated The Princeton Group will provide financing to small companies in need of working capital and/or resources for plant expansion, marketing and product development.
 He noted that many small companies with significant potential were unable to derive sufficient funds from banks in the present risk-averse environment, and were unwilling to meet venture capital firms' demands for effective control in return for capital.
 Batchelor said The Princeton Group will typically provide financing in the $1 million to $5 million range, usually for an intermediate term of from five to eight years. The Group works with a network of private and institutional investors.
 Prior to establishing The Princeton Group, Batchelor had been managing director of FPBSM Investments, a partnership specializing in defense industry acquisitions.
 Earlier, he spent 17 years with Grant Thornton, where he was founding partner of the firm's financial services practice.
 A native Philadelphian, Batchelor holds a BS in industrial engineering from Lafayette College, and an MBA from Temple University.
 /delval/
 -0- 5/19/93
 /CONTACT: Bruce Schaeffer of Schaeffer & Associates, 215-546-1660, for The Princeton Group/


CO: The Princeton Group ST: New Jersey IN: FIN SU: PDT

JM-MK -- PH029 -- 0340 05/19/93 13:35 EDT
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Date:May 19, 1993
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