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THE ALPINE GROUP, INC., AND SUPERIOR TELETEC INC. ANNOUNCE SHAREHOLDER APPROVAL OF MERGER

 NEW YORK and ATLANTA, Nov. 9 /PRNewswire/ -- The Alpine Group, Inc. (AMEX: AGI), and Superior TeleTec Inc. (AMEX: STT) jointly announced that at meetings held today the shareholders of both companies approved the previously announced merger of Superior TeleTec Inc. with The Alpine Group, Inc. Under the terms of the merger, Superior TeleTec will become a wholly owned subsidiary of Alpine.
 The merger is expected to be consummated later this week, upon closing of requisite bank financing.
 Also at the Alpine meeting, shareholders approved the acquisition of the minority interest in Alpine's 71 percent-owned subsidiary, Alpine PolyVision, Inc., as well as the election of directors, stock option plan amendments and other matters.
 The Alpine Group, Inc., headquartered in New York, is a holding company with continuing operations in information display and defense electronics and datacommunications businesses. Through its Alpine PolyVision, Inc., subsidiary, Alpine is developing PolyVision(TM), a proprietary flat panel display technology, for commercial applications in a wide variety of markets. Alpine's information display activities also include Posterloid Corporation, which manufactures and markets menuboard display systems to fast food and convenience store markets. A wholly owned subsidiary, DNE Technologies, Inc., specializes in the advanced design, development and production of datacommunications, avionics, printers and other components and systems for government and commercial markets.
 Superior TeleTec Inc., headquartered in Atlanta, manufactures and sells telecommunications products primarily to the independent telephone holding companies and the Regional Bell Operating Companies. The company offers both copper cable and wire products and fiber optic cable for Local Area Network applications.
 -0- 11/9/93
 /CONTACT: Steven S. Elbaum, chief executive officer of The Alpine Group, Inc., 212-757-3333; James R. Kanely, chief executive officer of Superior TeleTec Inc., 404-953-8338; or Lynn Morgen or Bernie Kilkelly of Morgen-Walke Associates, 212-850-5600/
 (AGI STT)


CO: Alpine Group, Inc.; Superior TeleTec Inc. ST: New York, Georgia IN: CPR TLS SU: TNM

MP-TW -- NY074 -- 2252 11/09/93 12:55 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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