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RIMAGE CORPORATION REGISTRATION STATEMENT BECOMES EFFECTIVE

 MINNEAPOLIS, July 20 /PRNewswire/ -- Rimage Corporation (NASDAQ: RIMG) announced that its registration statement for a public offering of 460,000 units, including 60,000 units sold pursuant to the exercise of the underwriters' over-allotment option, became effective on July 20, 1993. Each unit consists of one share of common stock and a redeemable warrant for the purchase of one additional share of common stock. The offering of the units was underwritten by Equity Securities Trading Co., Inc., and Paradise Valley Securities, Inc. The public offering price was $10.75 per unit, with net proceeds to the company of approximately $4.2 million.
 The units will be traded on the NASDAQ Small Cap Market under the symbol RIMGU. The redeemable warrants included in the units may be exercised during the next two years to purchase common stock at a price of $16.125 per share.
 The company also reported that the company's common stock, which has been trade on the NASDAQ Small Cap Market, will now be traded on the NASDAQ National Market System under the symbol RIMG.
 Rimage Corporation designs, manufactures and sells computer diskette duplication and finishing systems and computer diskette publishing systems.
 -0- 7/20/93
 /CONTACT: David H. McCaffrey or Jon D. Wylie, 612-944-8144, both of Rimage Corporation/
 (RIMG)


CO: Rimage Corporation ST: Minnesota IN: CPR SU: OFR

KH -- MN019 -- 3525 07/20/93 15:48 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
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