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PAGENET FORECASTS 34 PERCENT GROWTH

DALLAS-Paging Network Inc. said it expects to have 9 million pagers in service at the end of this year, 34 percent more than last year.

“Our 1996 results have been very strong,” said Glenn W. Marschel, president and chief executive officer of the company. “In addition to our substantial increase in units in service, 1996 net revenues will increase approximately 25 percent over 1995 and domestic operating cash flow margins will show an increase of about one percentage point.”

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