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TEMTEX INDUSTRIES, INC. REGISTRATION STATEMENT DECLARED EFFECTIVE

 DALLAS, Dec. 10 /PRNewswire/ -- Temtex Industries, Inc. (NASDAQ-NMS: TMTX) announced today that its Registration Statement filed with the Securities and Exchange Commission was declared effective by the Commission at 9 a.m. EST today. Additionally, certain selling stockholders may sell up to 150,000 shares of Common Stock to cover over-allotments. The offering is being underwritten by Pennsylvania Merchant Group Ltd. and William K. Woodruff & Company Incorporated. The proceeds from the sale of the shares by the company will be utilized principally to repay certain outstanding indebtedness and to fund the Company's expansion program and to increase advertising expenses. Pending such uses, substantially all of the net proceeds from the offering remaining after repayment of indebtedness will be invested in short-term interest bearing securities.
 The Company is a major producer of metal fireplace products and face brick products used in the residential and commercial building and remodeling market.
 -0- 12/10/93
 /CONTACT: R.N. Stivers of Temtex Industries, 214-484-1845/
 (TMTX)


CO: Temtex Industries, Inc. ST: Texas IN: MNG SU:

MP-PS -- NY029 -- 2572 12/10/93 11:09 EST
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Publication:PR Newswire
Date:Dec 10, 1993
Words:179
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