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VISTA VENTURES TO UNDERWRITE ESTABLISHMENT OF RUSSIAN MARKET CENTER

 MINNEAPOLIS, Nov. 24 ~PRNewswire~ -- Vista Ventures, a newly created venture capital company, announced today that it would provide $25,000 to underwrite the initial expenses of opening a center in St. Petersburg, Russia, to promote the exchange of business between companies in St. Petersburg and Minnesota.
 The announcement was made today by Bill Fine, Minneapolis businessman and founder of Vista Ventures, to a delegation of civic and business leaders from St. Petersburg, Russia, including the chairman of the City Council of St. Petersburg, Alexander Beliaev, and the managing director of the Savings Bank of Russia, St. Petersburg Bank, Vladimir Shorin.
 The Russian delegation is in the Twin Cities at Fine's invitation and is meeting with city and state officials and business leaders to identify areas of mutual interest that link Minnesota and Russia.
 "St. Petersburg is a thriving center of commerce in Russia and it is important to establish a market presence there as a way(more) for Minnesota companies to exchange information and cooperate in business, finance, science, technology, industry and agriculture enterprises," Fine said.
 During their visit to the Twin Cities, the St. Petersburg delegation is meeting with local companies to arrange for various contributions of funds and used equipment for use by schools in St. Petersburg.
 Vista Ventures is a venture-capital fund created to fund the export of technology from Russia to the United States. Fine has been active for a number of years in assisting Russian companies to do business in this country.
 -0- 11~24~92
 ~CONTACT: David Hakensen of Padilla Speer Beardsley, 612-871-8877, for Vista Ventures~


CO: Vista Ventures ST: Minnesota IN: FIN SU:

KH -- MN011 -- 1178 11~24~92 15:20 EST
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Publication:PR Newswire
Date:Nov 24, 1992
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