American CinemaStores, Inc. Retains The Wall Street
Group as Financial Public Relations Counsel to
Maximize Shareholder Value
COMMERCE, Calif.--(BUSINESS WIRE)--Aug. 14, 1997--AMERICAN
CINEMASTORES, INC. (NASDAQ:ACSI), which recently acquired the Susan
Burrowes,Ltd. apparel manufacturing company as part of a turnaround,
has retained the financial public relations services of The Wall Street
Group, Inc., Kathryn Van Ness, President and CEO of ACSI, announced today.
The Wall Street Group is a 38-year old New York City-based investor
relations company which specializes in developing investment community
sponsorship for the shares of growth companies. Said Ms. Van Ness: ``We
are pleased to be working with The,Wall Street Group which we selected
from amongst a number of financial public relations firms after a
thorough review process. To maximize shareholder value, we believe the
timing is appropriate to begin telling the American CinemaStores story
to increase visibility within the investment community, particularly
with institutional investors.We believe The Wall Street Group can assist
us in this effort.''
ACSI, formerly an operator of merchandise boutiques at movie theater
locations, terminated that business in 1996. ACSI now operates two
subsidiaries, Sierra Fixture & Design, Inc. and Just Jackets, Inc.
and with its recent acquisition of Susan Burrowes, Ltd., has embarked
upon a program of strategic apparel and other related acquisitions,
with a focus on companies whose revenues and profits can be enhanced
not only by astute merchandising but also can benefit from a planned
acquisition of an apparel technology company, now in negotiation.
Contact:
ACSI Investor Relations, 800-922-3456 or,
Institutional Investors: The Wall Street Group, Inc.
212-888-4848 |
