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The following release is a repeat of a transmission from earlier today and contains updated information:

 The following release is a repeat of a transmission from earlier today and contains updated information:
 DIAL PAGE, INC. ANNOUNCES AN INITIAL PUBLIC OFFERING OF
 1,500,000 SHARES OF COMMON STOCK
 GREENVILLE, S.C., Nov. 5 /PRNewswire/ -- Dial Page, Inc. (NASDAQ-NMS: DPGE) announced its initial public offering of 1,500,000 shares of common stock at $11.00 per share led by Alex. Brown & Sons, Inc.
 In addition, the Company will sell 212,500 shares directly to certain purchasers at the same price. The company has granted the underwriters an option for 30 days to purchase up to 225,000 additional shares to cover over-allotments.
 The stock will be traded over-the-counter on the NASDAQ National Market System under the symbol DPGE.
 Of the net proceeds of this offering and the additional sales by the company, approximately $12 million will be used to prepay debt and $3.6 million will be available for capital expenditures, acquisitions and general corporate purposes.
 Due to market conditions in the high-yield bond market as well as other factors, the company has not consummated the proposed underwritten public offering of $75 million of debt securities and the related refinancing of existing indebtedness.
 Dial Page markets local and regional paging and messaging services in 34 primarily small- to medium-sized metropolitan areas in six Southeastern states with a total population of over 16.5 million.
 A registration statement relating to the common stock has been filed with the Securities and Exchange Commission. This press release shall not constitute any offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 A prospectus relating to the Common Stock can be obtained from Alex. Brown & Sons Inc., 135 E. Baltimore Street, Baltimore, Md. 21204, (410) 727-1700.
 -0- 11/5/92
 /CONTACT: Thomas A. Grina, Chief Financial Officer, Dial Page, Inc., 803-242-7234/
 (DPGE) CO: Dial Page, Inc. ST: South Carolina IN: TLS SU: OFR


MM -- CH022 -- 7744 11/05/92 12:55 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 5, 1992
Words:362
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