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VIDEOCART ANNOUNCES PRIVATE PLACEMENT

 CHICAGO, Jan. 22 /PRNewswire/ -- VideOcart Inc. (NASDAQ: VCRT), a development stage company, today announced that it has entered into an agreement for a private placement of convertible subordinated promissory notes. A $10 million placement was originally planned, but was over- subscribed and expanded to $12.5 million in order to meet the increased demand.
 The notes are convertible into common stock or into a newly created series of convertible preferred stock. Chief Executive Officer and Chairman John Malec stated, "We are pleased to have continued support for VideOcart from the technology investment community." Hambrecht & Quist served as placement agent in the transaction.
 VideOcart is a micro-marketing media company, in its development stage, which installs and maintains a communication network consisting of programmable and targetable digital communications to video displays affixed to grocery shopping carts. This communications network, now installed in supermarkets across the country, allows consumer product goods manufacturers to reach consumers at the exact aisle location of the brand being advertised or promoted with a flexible video message.
 -0- 1/22/93
 /CONTACT: Randy S. Mueller, manager of investor relations at VideOcart, 312-987-5000/
 (VCRT)


CO: VideOcart Inc. ST: Illinois IN: SU:

LR -- NY062 -- 8014 01/22/93 15:39 EST
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Date:Jan 22, 1993
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