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Business Wire

                            October 29, 1984, Monday

DISTRIBUTION: Business Editors

LENGTH: 248 words

HEADLINE: HORIZON; Annual meeting highlights; directors elected; 
headquarters relocated

DATELINE: TUCSON, Ariz.

 BODY:    Horizon Corp. announced Monday that at the annual meeting of 
the stockholders held on Oct. 25 it elected 10 directors of the company. 
They are as follows: Albert M. Carollo, J. Michael Crockett, Sam P.  
Daniel Jr., Isadore H. Handmaker, Charles E. Hurwitz, Dr.  William C. 
Leone,  Robert L. Rosen, Gene W. Schneider, John Sommerhalder and C.V.  
Wood Jr. In addition the stockholders approved the amendment of Article 
Fourth of the company's certificate of incorporation to increase from 7 
million shares to 20 million shares the number of all classes of stock 
the company shall have authority to issue, consisting of 5 million shares 
of par value 50 cents per share, which would be designated preferred 
stock, and 15 million shares of par value 1 cent per share, which would 
be designated common stock. At the annual meeting of the board of 
directors held immediately after the meeting of the stockholders, Dr.  
William  C. Leone  was elected chairman of the board, president and chief 
executive officer; Richard R. Lovinger was elected vice president, 
secretary and general counsel, and Richard M. Willcoxson was elected 
treasurer and controller. Also, at the meeting, the board of directors, 
among other matters, approved the relocation of the company's 
headquarters from Tucson to Fountain Hills, Ariz. It is anticipated that 
the relocation will be completed in January of 1985.

   CONTACT: Horizon Corp., Tucson             Richard R. Lovinger, 
602/886-5300





                                                                       
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