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U.S. TRANSPORTATION SYSTEMS, INC., ANNOUNCES REDUCTION OF WARRANT EXERCISE PRICE

 NEW YORK, Oct. 6 /PRNewswire/ -- U.S. Transportation Systems, Inc. (NASDAQ Small Cap: USTS), announced today that it had reduced the exercise price of its publicly traded warrants.
 In December 1991, USTS sold 2,012,500 redeemable Class A common stock purchase warrants (the "Class A warrants"), 2,012,500 redeemable Class B stock purchase warrants (the "Class B warrants"), and 2,012,500 redeemable Class C stock purchase warrants (the "Class C warrants") to the public. Under the terms of the warrant agreement, as previously amended, each Class A warrant entitled the holder thereof to purchase one share of common stock at an exercise price of $.75 until June 9, 1994, each Class B warrant entitled the holder to purchase one share of common stock at an exercise price of $1.00 per share until June 9, 1994, and each Class C warrant entitled the holder to purchase one share of common stock at an exercise price of $1.25 per share until Dec. 9, 1994.
 Pursuant to action by the board of directors of USTS, the exercise price of the Class A, Class B, and Class C warrants has been reduced to $.50 per share. The new price per share will be effective immediately.
 USTS does not have a prospectus which has been declared effective by the Securities and Exchange Commission which it can use in connection with the exercise of the warrants. Accordingly, the warrants cannot be exercised at this time. USTS is filing an amendment to its registration statement which, when it is declared effective, will permit the exercise of the warrants.
 -0- 10/6/93
 /CONTACT: Terry Watkins, chief financial officer of USTS, 419-476-9600/
 (USTS)


CO: U.S. Transportation Systems, Inc. ST: New York IN: TRN SU:

GK-TS -- NY009 -- 9240 10/06/93 10:04 EDT
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Publication:PR Newswire
Date:Oct 6, 1993
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