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WATSCO, INC. SELLS SECONDARY OFFERING

 MIAMI, Feb. 2 /PRNewswire/ -- Watsco, Inc. (AMEX: WSOA, WSOB), the nation's largest supplier of residential central air conditioners, announced today that it has sold its public offering of 1,200,000 shares of its Class A Common Stock at a price of $13.25 per share. The offering included 400,000 shares sold by certain shareholders of the company.
 The company's Class A common stock trades on the American Stock Exchange under the symbol "WSOA." Prudential Securities Incorporated was the managing underwriter for the offering. The offering is expected to close on Feb. 8, 1993.
 Net proceeds of the offering will be used to reduce consolidated long-term indebtedness, to provide for certain capital expenditures for the company's manufacturing subsidiaries and for general corporate purposes, including possible acquisitions.
 The company has filed a post effective amendment to its existing registration statement, relating to the sale of 500,000 shares of Class A common stock by the company and certain shareholders, deregistering the shares of Class A common stock which remained unsold as of the date hereof.
 Watsco, Inc., is a small-cap emerging growth company that manufactures products for climate control, environmental protection and energy conservation, and is the nation's largest independent distributor of residential central air conditioners. Revenues have grown from $15 million in 1987 to approximately $170 million in 1991.
 A prospectus relating to the offering may be obtained from Prudential Securities Incorporated, 315 Hudson Street, New York, N.Y. 10013.
 -0- 2/2/93
 /CONTACT: Ronald P. Newman, chief financial officer of Watsco, 305-858-1204/
 (WSO)


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

AH -- NY059 -- 1919 02/02/93 13:16 EST
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Publication:PR Newswire
Date:Feb 2, 1993
Words:273
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