S.O.I INDUSTRIES, INC. SUBSIDIARY IN MAJOR EXPANSION
S.O.I INDUSTRIES, INC. SUBSIDIARY IN MAJOR EXPANSION HIALEAH, Fla., March 25 /PRNewswire/ -- S.O.I. Industries, Inc.
(NASDAQ: LAMP) says its Magnetech Corporation subsidiary will build a new high-speed video tape duplicating facility in Indianapolis. The company plans to invest $1.5-$2 million initially in the new facility which will utilize the latest state-of-the-art high speed Sony duplicating equipment and fully automated packaging equipment. The Indianapolis location was chosen for the new plant as a result of recent successful negotiations with POLYGRAM, the world's third largest record company with 1991 sales of $3.7 billion. Magnetech will service POLYGRAM's high-speed video duplicating requirements.
-0- 3/25/92 /CONTACT: Donald E. Courtney of S.O.I Industries, Inc., 305-791-6711/ (LAMP) CO: S.O.I Industries, Inc. ST: Florida IN: HOU SU:
SS-XX -- FL003 -- 1437 03/25/92 10:23 EST
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|Date:||Mar 25, 1992|
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