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BATTERY ONE-STOP COMPLETES $1.1 MILLION EQUITY PACK

 TORONTO, Feb. 19 /PRNewswire/ -- Battery One-Stop Inc., (the "Corporation"), a specialty retailer of batteries and battery-related products operating 60 locations throughout the United States and Canada, announced today that it has successfully completed an exempt acquisition of a private Alberta corporation, having cash assets of $1,158,400, Canadian funds, in exchange for 2,758,095 common shares of the Corporation at a deemed price of $0.42 per share.
 William Dittmer, president of Battery One-Stop Inc. stated that the cash from this financing will be used to fund the conversion of the US locations to the inventory merchandising mix of the proven approach that has been very successful in Canada. This financing will enable the Corporation to complete the turnaround of the 40 US locations recently acquired.
 Dittmer continues: As the Corporation has no debt, this addition to cash resources will enable it to acquire reasonable trade terms with suppliers, necessary to optimize inventory throughout the system, and will fund additional expansion. After securing prime locations, the Corporation intends to open at least 40 new stores, expanding to a 100 store chain in 1993.
 The Alberta Stock Exchange has neither approved nor disapproved the contents of this news release.
 -0- 2/19/93
 /CONTACT: R. Bruce Freeman, managing director of Battery One-Stop Inc., 416-540-4494, or fax, 416-963-8392/


CO: Battery One-Stop Inc. ST: Ontario IN: REA SU:

LR -- NY048 -- 8445 02/19/93 14:12 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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