Article: RCM TECHNOLOGIES, INC. ANNOUNCES SUBSCRIPTION AGREEMENT FOR PRIVATE PLACEMENT OF EQUITY

(Nasdaq: RCMT; BSE: RMT) announced today that it has signed a subscription agreement for the sale of its shares of common stock to Mr. Peter Kuhlmann. The agreement, which is subject to financing and other terms and conditions, provides for Mr. Kuhlmann to purchase $1,000,000 of RCM's common stock at a price based on a certain discount to the twenty day average closing price prior to the purchase of the shares. The shares subject to the agreement are unregistered. The company has agreed to register such shares by filing a shelf registration agreement with the SEC by February 15, 1997.

Mr. Kuhlmann, a general partner of the Acquest International L.P., is an ...

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