PERF launches WWW Stock Exchange Message Board

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Technology Stocks : PERF launches WWW Stock Exchange

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To: who wrote ()	1/24/1997 6:24:00 PM
From: lloyd bashaw	of 49

WOW!Polak Investment Group to Make Tender Offer for Additional 42% Stake in Perfectdata Stock NORTH HOLLYWOOD, Calif., Jan. 24 /PRNewswire/ -- The Polak Investment Group is making a tender offer to acquire an additional 42% of the outstanding shares of Perfectdata Stock (Nasdaq Small Cap: PERF). This would increase their holdings to approximately 51% of the total outstanding shares. The Polak Group is offering a total of $5.50 for each share tendered. This offer consists of a combination of cash and preferred stock. The offer is contingent upon approval by the Perfectdata Shareholders and Board of Directors. The Polak Group has previously filed a 13-D with the Securities and Exchange commission, where it has been disclosed that they own in excess of 9% of the common stock. The intention of the Group, is to use Perfectdata as a public entity to make further business combinations or acquisitions. The Group already holds a substantial stake in another Computer related company who has contracts with the National Football League, 80 Major Colleges throughout the country, and has a tentative agreement with Major League Baseball.

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