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WATSCO, INC. FILES REGISTRATION STATEMENT

 MIAMI, Jan. 4 /PRNewswire/ -- Watsco, Inc. (AMEX: WSO.B), announced today it filed a registration statement with the Securities and Exchange Commission for a public offering of 1,200,000 shares of its class A common stock. Of the 1,200,000 shares of class A common stock, 800,000 shares are being offered by the company and 400,000 shares are being offered by certain selling shareholders. The company's class A common stock and class B common stock trade on the American Stock Exchange under the symbols WSOA and WSOB, respectively. Prudential Securities Incorporated is the lead manager for the offering.
 The company intends to withdraw its existing registration statement relating to the sale of 500,000 shares of class A common stock by the company and certain shareholders on the closing date of the aforementioned offering.
 Net proceeds of the offering will be used for reduction of the company's consolidated indebtedness, for further automation of its manufacturing facilities, for potential acquisition of existing distributors and for general corporate purposes.
 Watsco is the largest independent distributor of residential central air conditioners in Florida and California, two of the largest air conditioner markets in the United States. The company also manufactures electronic and mechanical parts and components for the climate control industry.
 A prospectus relating to the offering may be obtained from Prudential Securities Incorporated, 315 Hudson Street, New York, N.Y. 10013, Att: Prospectus Department.
 A registration statement relating to the securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 1/4/93
 /CONTACT: Ronald P. Newman of Watsco, Inc., 305-858-1204/
 (WSO)


CO: Watsco, Inc. ST: Florida IN: SU: OFR

TS-PS -- NY006 -- 1146 01/04/93 08:03 EST
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Publication:PR Newswire
Date:Jan 4, 1993
Words:362
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