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REGAL COMMUNICATIONS CORPORATION FILES REGISTRATION STATEMENT FOR DEBT OFFERING

 FORT WASHINGTON, Pa., April 22 /PRNewswire/ -- Regal Communications Corporation (NASDAQ-NMS: RCOM) announced today that it has filed a registration statement with the Securities and Exchange Commission for an offering of $25 million of 10 percent convertible subordinated debentures due 2008.
 Marlett/Mazzarella, a division of Drake Capital Securities, Inc. based in Santa Monica, Calif., will underwrite the offering.
 Proceeds from the offering will be used to increase the company's program production, to purchase additional inventories for the company's expansion into retail distribution, to expand and improve its order processing system and telemarketing center, and for general corporate purposes.
 Regal Communications Corporation, through its wholly owned subsidiaries Regal Group, Inc., Joan Rivers Products, Inc. and Regroup, Inc. is a major producer and distributor of infomercials, 30-minute direct response television marketing programs. Joan River Products, Inc. is engaged in the direct marketing of fashion jewelry and clothing primarily through cable home shopping networks. Regalfone, Inc. develops and markets information and entertainment programs for the pay- per-call consumer market.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offer is made only by the prospectus, a copy of which may be obtained from Marlett/Mazzarella, a division of Drake Capital Securities, Inc., 1250 Fourth St., 5th floor, Santa Monica, Calif., 90401.
 /delval/
 -0- 4/22/93
 /CONTACT: Jack Silver, director of investor information, 212-826-7144, for Regal Communications, or Lynn Morgan or Brad Miller of Morgen-Walke, 212-986-5900, for Regal Communications/
 (RCOM)


CO: Regal Communications Corporation ST: Pennsylvania IN: TLS SU: OFR

MJ-MP -- PH026 -- 9508 04/22/93 13:23 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
Words:344
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