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REGAL COMMUNICATIONS PURCHASES NEW HEADQUARTERS BUILDING

 REGAL COMMUNICATIONS PURCHASES NEW HEADQUARTERS BUILDING
 FORT WASHINGTON, Pa., June 22 /PRNewswire/ -- Regal Communications Corporation (NASDAQ: RCOM) today announced that on June 11 it completed the purchase of a 45,000-square-foot office building in Fort Washington for $1.6 million, of which $600,000 was paid in cash, and the balance will be paid over a 10-year period.
 The Fort Washington building will be the administrative headquarters for the company, as well as the new home for its informercial subsidiary, Regal Group, Inc., currently based in New York City.
 Arthur L. Toll, chairman and chief executive officer, noted, "The consolidation of our operations and relocation to Pennsylvania will generate great cost efficiencies. This facility is capable of meeting our space requirements for our anticipated growth for many years to come."
 Regal Communications is a major distributor of infomercials, 30-minute direct response television marketing programs, and also develops and markets information and entertainment programs for the pay- per-call telephone consumer market known as Audiotex.
 /delval/
 -0- 6/22/92
 /CONTACT: Bruce Edmondson, chief financial officer of Regal Communications 215-540-1190; or Lynn Morgen or Amy Ludwig of Morgen- Walke Associates, 212-986-5900/
 (RCOM) CO: Regal Communications Corporation; Regal Group, Inc. ST: Pennsylvania IN: TLS SU:


CC-MP -- PH014 -- 2323 06/22/92 11:01 EDT
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Publication:PR Newswire
Date:Jun 22, 1992
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