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BRAJDAS CORP. SHAREHOLDERS APPROVE NAME CHANGE TO RICHEY ELECTRONICS INC., OTHER ANNUAL MEETING PROPOSALS

 GARDEN GROVE, Calif., Oct. 15 /PRNewswire/ -- Brajdas Corp. (OTC) today held its annual meeting of shareholders at 2 p.m. at the principal office of the company. The shareholders elected the following nominees as directors for the upcoming year: C. Don Alverson, William C. Cacciatore, Edward L. Gelbach, Greg A. Rosenbaum, Norbert W. St. John, Robert S. Saunders, and Donald I. Zimmerman.
 The shareholders also approved a number of other proposals, including the change of the company's name to Richey Electronics Inc.; the merger of BRJS Investment Holding Corp. into the company; and a 1-for-3.5 reverse stock split of the company's common stock. Prior to the vote, the company had approximately 20.6 million shares of common stock outstanding. After the split is effected, the outstanding shares will total approximately 5.9 million.
 The company anticipates that, subject to satisfaction of closing conditions, the merger of BRJS Investment Holding Corp. into the company will occur on or about Nov. 19, 1993, and that the reverse stock split will occur shortly thereafter.
 The company distributes electronic components to more than 15,000 customers throughout the United States. The company also provides "value-added" services to computer product manufacturers and offers a special line of connectors for the defense and aerospace markets.
 -0- 10/15/93
 /CONTACT: William C. Cacciatore or Richard N. Berger, 714-095-0060/


CO: Brajdas Corp.; BRJS Investment Holding Corp. ST: California IN: CPR SU: PER TNM

LS-JB -- LA041 -- 2996 10/15/93 18:47 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
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