ARTRA GROUP Announces Management Changes.

NORTHFIELD, Ill.--(BUSINESS WIRE)--July 14, 1999--

ARTRA GROUP Incorporated (NYSE NYSE

See: New York Stock Exchange :ATA (1) (AT Attachment) The specification for IDE drives. See IDE.

(2) See analog telephone adapter.

ATA - Advanced Technology Attachment ) announced today that Mark Santacrose has been named President and Chief Executive Officer. He succeeds Peter R. Harvey, who will become Vice Chairman of the company and also Chairman of the Executive Committee.

Mr. Santacrose, a 1981 graduate of Loyola University School of Law in Chicago, later received an MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration from Northwestern's J.L. Kellogg School of Management

Two of the Kellogg School's other executive MBA programs are also highly ranked by the Financial Times. The School's Kellogg-HKUST program at the Hong Kong UST Business School is ranked No.

. He has had a 12 year relationship with ARTRA GROUP, most recently serving as President of ARTRA's Bagcraft Corporation of America packaging subsidiary prior to its sale in November 1998. Subsequent to the sale, Mr. Santacrose was President of Bagcraft Packaging LLC, a subsidiary of Packaging Dynamics, LLC until June, 1999.

As previously announced, ARTRA expects to complete the acquisition of entrade.com during the third quarter beginning July 1, 1999.

ARTRA owns approximately 9% (1,525,500 common shares) of COMFORCE Corporation (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CFS), a leader in professional staffing, consulting and outsourcing solutions to high-tech industries.

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Publication:	Business Wire
Date:	Jul 14, 1999
Words:	167
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