DALLAS, July 13, 2000 (PRIMEZONE) -- Income Opportunity Realty, Inc. (AMEX:IOT) Thursday announced the mini-tender offer for IOT share was made by Mackenzie Patterson Inc. (not Mackenzie Partners as previously stated) at $2 per share, less distributions, is 72 percent below recent market closing prices. Income Opportunity Realty Investors closed at $7.25 on July 11, 2000. IOT recommends that its shareholders not participate in this mini-tender offer.
Income Opportunity Correction on "Mini-Tender" Offer for Stock
| Source: Income Opportunity Realty Investors, Inc