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UNITED CAPITAL CORP. REPORTS PURCHASE OF SELECTED ASSETS OF INTERNATIONAL TRANSFORMER CORPORATION

 GREAT NECK, N.Y., March 31 /PRNewswire/ -- United Capital Corp. (AMEX: ICU) today announced its purchase of the technology and selected assets of International Transformer Corporation ("ITC") a Montebello, Calif. company. This acquisition includes all of the intellectual property and finished goods of ITC, as well as selected manufacturing equipment.
 United Capital will begin production of ITC's product line in it's 60,000 square foot facility in Edison, N.J., as part of its AFP Transformer, Inc. subsidiary. This will further enhance the capabilities of AFP Transformer which recently acquired the operating assets of Isoreg Corporation and it's EPOXYCAST coil transformer product line.
 Sales generated from this addition are expected to increase sales of AFP Transformers by 30 percent. Production is expected to begin in July 1993.
 United Capital Corp. owns and manages real estate assets and through its subsidiary, Metex Corporation, provides engineered products to aviation, industrial and automotive markets worldwide.
 -0- 3/31/93
 /CONTACT: Dennis S. Rosatelli, chief financial officer of United Capital Corp., 908-756-3400/
 (ICU)


CO: United Capital Corp. ST: New York IN: FIN SU: TNM

LR-OS -- NY033 -- 1455 03/31/93 11:27 EST
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Publication:PR Newswire
Date:Mar 31, 1993
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