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CATALINA LIGHTING AND DYNASTY CLASSICS

 MIAMI, Aug. 3 /PRNewswire/ -- Catalina Lighting, Inc. (AMEX: LTG) announced today that it has been unable to negotiate a definitive agreement with Dynasty Classics Corporation (NASDAQ: DNST) under the terms of the previously announced letter agreement. Robert Hersh, president of Catalina, said that "Catalina and Dynasty have ceased discussions of a possible merger transaction."
 Catalina Lighting intends to release its operating results for the quarter ended June 30, 1993, on Wednesday, Aug. 4, 1993.
 Catalina Lighting, Inc. is a premier supplier of high-quality, affordably priced residential and office lighting products, which are manufactured by independent suppliers in the Far East. The company's customers primarily include leading home center and office superstore chains, membership warehouse clubs, mass merchandisers, hardware stores and lighting showrooms. Catalina is headquartered in Miami, and its shares are traded on the American Stock Exchange under the ticker symbol "LTG."
 -0- 8/3/93
 /CONTACT: Dean Rappaport, chief financial officer of Catalina Lighting, 305-558-4777; or R. Jerry Falkner, CFA, investor relations counsel for Catalina Lighting, 800-377-9893 /
 (LTG)


CO: Catalina Lighting, Inc. ST: Florida IN: HOU SU:

PC-AW -- FL003 -- 8769 08/03/93 09:34 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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