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ALL AMERICAN COMMUNICATIONS INC. ANNOUNCES COMPLETION OF PUBLIC OFFERING OF COMMON STOCK

- ENTERTAINET - TO BUSINESS AND ENTERTAINMENT:
 ALL AMERICAN COMMUNICATIONS INC. ANNOUNCES COMPLETION
 OF PUBLIC OFFERING OF COMMON STOCK
 SANTA MONICA, Calif., May 15 /PRNewswire/ -- All American Communications Inc. (NASDAQ: AACI) announced the completion of the public offering of 750,000 shares of its common stock at an offering price of $8 per share. Seidler Amdec Securities Inc. acted as the sole underwriter of the offering.
 The company intends to use the net proceeds of the offering to fund, in part, the proposed acquisition by the company of substantially all of the programming, advertiser and television commitments of LBS Communications Inc. The acquisition is subject to various conditions, including bankruptcy court approval.
 All American Communications Inc. is a diversified entertainment company with operations primarily in television production and distribution, recorded music production and distribution and motion picture production. All American produces and distributes various television programming, including the series "Baywatch."
 -0- 5/15/92
 /CONTACT: Thomas Bradshaw, CFO of All American Communications, 310-450-3193; or Arthur E. Rockwell of Rockwell Communications, 818-559-1496, for All American Communications/
 (AACI) CO: All American Communications Inc. ST: California IN: ENT SU: OFR


JL-EH -- LA034 -- 0906 05/15/92 16:05 EDT
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Publication:PR Newswire
Date:May 15, 1992
Words:194
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