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SECOM GENERAL CORPORATION AUTHORIZES PROGRAM TO REPURCHASE SHARES

 SECOM GENERAL CORPORATION AUTHORIZES PROGRAM TO REPURCHASE SHARES
 NOVI, Mich., July 29 /PRNewswire/ -- Secom General Corporation (NASDAQ-NMS: SECM) today announced that its board of directors has authorized a program to repurchase up to 50,000 shares of its common stock. The buyback period extends through March 31, 1993, and shares purchased will be from the open market.
 "Obviously, the board of directors believe that our stock is undervalued," said Roy A. McKnight, chairman and chief executive officer.
 Secom General Corporation operates six subsidiaries in three lines of business: metal parts forming, toolmaking and plastic-molded products, which principally serve the automotive, consumer and construction markets.
 -0- 7/29/92
 /CONTACT: David J. Marczak, secretary/treasurer, Secom General, 313-349-8970; or Alex Tassos & Associates, 619-748-0787, for Secom General/
 (SECM) CO: Secom General Corporation ST: Michigan IN: MAC SU:


SM -- DE018 -- 4716 07/29/92 15:10 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
Words:144
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