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QUESTEX GROUP ANNOUNCES INTENT TO PURCHASE SHARES OF TACTILE SIGNAGE HAS BEEN RATIFIED BY BOTH BOARDS

 SCOTTSDALE, Ariz., May 10 /PRNewswire/ -- The Questex Group Ltd. (OTC Bulletin Board: QTXG) announces that, further to the letter of intent that was signed to purchase all of the outstanding shares of Tactile Signage Inc. of Scottsdale, the definitive agreement has now been signed and ratified by both boards of directors.
 The agreement varies the letter of intent in that the owners of Tactile have agreed to accept a total of 2 million restricted, treasury shares in lieu of 1 million shares and the balance of payment promissory note in the sum of $250,000 with interest of 10 percent per annum.
 The board and management team have been strengthened by the addition of Gerald Mulhall, financial consultant and a past senior vice president of the Canadian Stock Exchange, and Paul Dietenbeck, C.P.A., formerly with Price Waterhouse, who will assume the duties of chief financial officer. The new directors filled the positions created by the recent resignational of E.D. Duncan and M. William Kassemos.
 -0- 5/10/93
 /CONTACT: Maurice Morlan of Questex Group, 602-948-7978/
 (QTXG)


CO: Questex Group Ltd.; Tactile Signage Inc. ST: Arizona IN: SU: TNM PER

LS-MS -- LA009 -- 6320 05/10/93 09:01 EDT
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Publication:PR Newswire
Date:May 10, 1993
Words:201
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