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CAPITAL ACQUISITIONS, INC. ASSIGNS DOMINO'S PIZZA DEVELOPMENT RIGHTS TO NEW SUBSIDIARY, INTERNATIONAL PIZZA CORPORATION

 MIAMI BEACH, Fla., July 22 /PRNewswire/ -- Capital Acquisitions, Inc. (NASDAQ: CAAS), the Domino's Pizza franchisee with the exclusive development rights for the Republic of Poland, today announced it has assigned all of its rights and obligations under the Domino's Development Agreement to its newly formed, wholly owned subsidiary, International Pizza Corporation.
 The company also announced that International Pizza Corporation has signed a letter of intent with an underwriter for a possible future public offering of its securities. No details of the letter are available, and the company stated that there is no assurance that the offering will be completed.
 -0- 7/22/93
 /CONTACT: Mitchell Rubinson, chief executive officer, Capital Acquisitions, 305-531-5800; or Audrey Lowe of The P.L. Thomas Group, 312-906-8060, for Capital Acquisitions/
 (CAAS)


CO: Capital Acquisitions, Inc.; International Pizza Corporation;
 Domino's Pizza ST: Florida IN: SU:


ML -- DE019 -- 4651 07/22/93 14:24 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:148
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