Patlex Boosts Stake in ESRAC: Patlex Corp....

Patlex Boosts Stake in ESRAC: Patlex Corp. said it has boosted by $2 million its investment in ESRAC Publishing, a New York company publishing a rival to the Daily Racing Form. Patlex, which holds a 64% interest in three key laser patents, also made a $900,000 investment in ESRAC in February. ESRAC publishes FIGS FORM, a daily thoroughbred horse racing newspaper distributed in Connecticut, New Jersey and New York. Its current paid circulation, at $2 a copy, is about 10,000, said ESRAC President Robert Sinn. He said the paper will start distribution next month in California and the Las Vegas area and sell for $2.50 a copy.