Orion Acquisition Corp. I

Proposed Ticker: ORIO		375 Park Avenue
Exchange: Over-the-Counter Market		New York, New York 10022
Industry: Financial		(212) 593-4747

All share information is proposed
Type of Shares:	Common Shares	Filing Date:	8/26/96
U.S. Shares Filed:	800,000	Filing Price:	$10.00
Non-U.S. Shares Filed:	0	Offering Amount:	$8,000,000
Primary Shares:	800,000	Expenses:	-
Secondary Shares:	0	Shs Out After:	906,000

Manager	Tier	Phone
H.J. Meyers & Company, Incorporated	Lead Manager	(310) 278-7880
Northeast Securities, Inc.	Co-manager	(516) 683-3322

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	6/30/96				6/30/96
Revenue:	$0.00			Assets:	$0.21
Net Income:	-$0.03			Liabilities:	$0.19
EPS:	-$0.26			Equity:	$0.03
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company, which is a "blank check" or "blind pool" company, was formed on August 9, 1995 to serve as a vehicle to effect a merger, exchange of capital stock, asset acquisition or other business combination with an operating business. The business objective of the company is to effect a Business Combination with a Target Business which the company believes has significant growth potential. The company intends to utilize the net proceeds of the Offering, equity securities, debt securities, bank borrowings or a combination thereof in effecting a Business Combination. The company will seek to acquire a Target Business primarily located outside the United States. In seeking a Target Business primarily located outside the United States. In seeking a Target Business primarily located outside the United States.

Use of Proceeds

Proceeds from the proposed offering will be used to fund the purchase of a yet to be determined line of business or the assets of another company.

Last updated: 10/28/96