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TRANS-LUX CORPORATION ANNOUNCES AGREEMENT TO PURCHASE OUTDOOR SIGN PORTFOLIO

 NORWALK, Conn., July 23 /PRNewswire/ -- Trans-Lux Corporation (AMEX: TLX) today announced that a subsidiary, Trans-Lux Sign Corporation, has entered into an agreement with Indicator Maintenance Corporation of Norcross, Ga., for the purchase of certain of their outdoor sign lease base, maintenance agreements and certain physical assets. The closing is subject to a significant due diligence review by Trans-Lux Sign Corporation.
 Trans-Lux Corporation, whose securities are traded under the symbol "TLX" on the American Stock Exchange, has two operating divisions. The communications division designs, produces, leases, sells and services large-scale multi-color information displays for both indoor and outdoor use and various communication terminal products. Trans-Lux displays are widely used in various applications for the banking, financial, transportation, corporate and gaming markets. The entertainment division operates a growing chain of motion picture theatres in the Southwest.
 -0- 7/23/93
 /CONTACT: Victor Liss of Trans-Lux, 203-853-4321/
 (TLX)


CO: Trans-Lux Corporation; Indicator Maintenance Corporation ST: Connecticut, Georgia IN: SU: TNM

TS-GK -- NY063 -- 5191 07/23/93 13:27 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:166
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