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WILLIAMS CONTROLS ANNOUNCES WARRANT EXERCISE COMPLETION

 PORTLAND, Ore., Dec. 10 /PRNewswire/ -- Thomas W. Itin., chairman and CEO of Williams Controls, Inc. (NASDAQ: WMCO), today announced that prior to the expiration on Nov. 30, 1993, of the company's publicly held warrants, the company had received approximately $1,700,000 from the exercise of 2,269,492 warrants, representing approximately 94 percent of the warrants outstanding. Following the issuance of the warrant shares, the company will have approximately 15,975,781 shares of common stock outstanding.
 Itin stated, "I am pleased with the results of this process, as Williams will use these funds for working capital purposes. This will allow the company to use its other capital resources to pay down its revolving line of credit and make additional acquisitions, such as the recently announced agreement with Michiana Corporation, a manufacturer of light truck and utility vehicle accessories."
 Williams Controls, Inc. manufactures a wide range of electronic, pneumatic and hydraulic controls and exhaust brakes for the heavy vehicle industry worldwide. Through its subsidiary, Kenco/Williams, Inc., it is also a leading manufacturer and marketer of light truck and utility vehicle accessories.
 -0- 12/10/93
 /CONTACT: Thomas W. Itin, chairman and CEO of Williams Controls, 810-851-5651/
 (WMCO)


CO: Williams Controls, Inc. ST: Oregon IN: AUT SU:

KE -- DE002 -- 2555 12/10/93 10:47 EST
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Publication:PR Newswire
Date:Dec 10, 1993
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