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UNIVERSAL HEIGHTS, INC. ANNOUNCES PUBLIC OFFERING

 HOLLYWOOD, Fla., Dec. 16 /PRNewswire/ -- Universal Heights, Inc. (NASDAQ: UHTS) announced today its $4,331,250 initial public offering through the underwriting firm of Noble Investment Co. of Palm Beach.
 The offering consists of 393,750 units at $11 per unit, each unit consisting of two shares of common stock and one redeemable warrant to purchase one share of common stock at $7. The units, shares, and warrants trade under the NASDAQ symbols UHTSU, UHTS and UHTSW, respectively.
 Universal Heights, Inc. designs and markets high quality licensed novelty and souvenir products. The company's products presently include Superpennants(TM) of NFL, NBA, and NHL teams and Supersilhouettes(TM) of NFL players. The company also has licenses to design and market products bearing likenesses of certain entertainment industry characters and individuals.
 A prospectus relating to the offering may be obtained from Noble Investment Co. of Palm Beach, 1801 Clint Moore Road, Boca Raton, Fla. 33487, 407-994-1191.
 -0- 12/16/92
 /CONTACT: Bradley I. Meier, president of Universal Heights, Inc., 305-768-9467, or Howard Bronson of Howard Bronson & Company, Inc., 212-867-6160, for Universal Heights, Inc./
 (UHTS)


CO: Universal Heights, Inc. ST: Florida IN: LEI SU: OFR

WB-OS -- NY072 -- 7833 12/16/92 15:40 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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