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RECOGNITION EQUIPMENT INCORPORATED TO OFFER 2,000,000 SHARES OF COMMON STOCK

 DALLAS, March 4 /PRNewswire/ -- Recognition Equipment Incorporated (NYSE: REC) (Recognition) filed a registration statement today with the Securities and Exchange Commission for a proposed underwritten public offering of 2,000,000 shares of common stock. The offering will be managed by Bear, Stearns & Co. Inc.
 The net proceeds of the offering will be used for repayment of bank debt and general corporate purposes, including working capital, product development and acquisitions.
 Recognition, headquartered in Dallas, is a leading international open systems supplier of high performance document recognition systems, image and workflow software, and related customer services.
 -0- 3/4/93
 /CONTACT: Larry H. Lattig for Recognition Equipment Incorporated, 214-579-6314/
 (REC)


CO: Recognition Equipment Incorporated ST: Texas IN: SU: OFR

LR -- NY037 -- 2881 03/04/93 10:13 EST
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Publication:PR Newswire
Date:Mar 4, 1993
Words:127
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