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SHUFFLE MASTER ANNOUNCES CLOSING ON SALE OF COMMON STOCK

 EDEN PRAIRIE, Minn., Jan. 12 /PRNewswire/ -- Shuffle Master, Inc. (NASDAQ: SHFL) announced today that it has closed on the sale of 235,500 shares of common stock. The company received net proceeds from such sale of approximately $715,000 after deduction of discounts and expenses. Such shares were sold pursuant to exercise of the underwriters' over-allotment option in connection with the company's recent initial public offering. Such offering was underwritten by a syndicate of underwriters for which Kennedy, Matthews, Landis, Healy & Pecora, Incorporated was acting as representative. The shares sold represented the entire over-allotment option granted to the underwriters. The company's common stock is traded on NASDAQ with a symbol of "SHFL."
 -0- 1/12/93
 /CONTACT: John Breeding of Shuffle Master, 612-943-1951/
 (SHFL)


CO: Shuffle Master, Inc. ST: Minnesota IN: SU:

KH -- MN011 -- 4066 01/12/93 13:07 EST
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Publication:PR Newswire
Date:Jan 12, 1993
Words:141
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