5% HOMEPLEX STOCKHOLDER BEGINS PROXY FIGHT

PR Newswire | June 5, 1995 | Copyright

MIAMI, June 5 /PRNewswire/ -- Ira Sochet, the second largest stockholder of Homeplex Mortgage Corporation (NYSE: HPX) announced today that he had filed definitive proxy soliciting material with the Securities and Exchange Commission to solicit the stockholders of Homeplex to withhold their vote for the nominees nominated for election by Homeplex's Board of Directors. Mr. Sochet stated "I am going forward with the proxy fight because I believe that Homeplex's Board of Directors, and the management it has chosen to retain, support and reward, seem unable to devise effective ...

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