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TSS LTD. ANNOUNCES OFFERING OF UNITS

 PROVIDENCE, R.I., May 7 /PRNewswire/ -- TSS Ltd. (NASDAQ: TSSL) today announced the effectiveness on May 5, 1993, of its registration statement on Form S-1 for an underwritten offering of 1,350,000 units (not including an additional 202,500 units saleable pursuant to the underwriters' overallotment), each unit comprised of three shares of common stock and two redeemable common stock purchase warrants. The price at the effective date for each unit was $3. Also pursuant to such registration statement and amendments thereto, the company has registered for sale by selling securityholders 789,993 additional units.
 This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the prospectus may be obtained from the underwriters of the company's offering, Paulson Investment Company, Inc., Barclay Investments, Inc., and Greenway Capital Corp.
 -0- 5/7/93
 /CONTACT: Michael A. Clark, president of TSS, 401-421-8990; or John Swanson of Swanson Communications, 212-683-4890, for TSS/
 (TSSL)


CO: TSS Ltd. ST: Rhode Island IN: SU:

GK-TS -- NY046 -- 5986 05/07/93 13:25 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:212
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