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CEDAR GROUP ANNOUNCES SECURITIES REMOVAL FROM NASDAQ SMALLCAP MARKET

 CONSHOHOCKEN, Pa., Aug. 9 /PRNewswire/ -- Cedar Group, Inc. (NASDAQ: CDRGQ) announced that as of Aug. 2, 1993, the company's securities would be removed from the NASDAQ SmallCap Market.
 The company has filed an appeal. Cedar Group, Inc. filed for Chapter 11 on Aug. 31, 1992, and filed its Amended Joint Plan for Reorganization and Amended Joint Disclosure Statement on June 25, 1993. The company's confirmation hearing to allow it to exit from Chapter 11 has been scheduled for Aug. 25, 1993. The Amended Plan calls for a business combination of Cedar Group, Inc. with Edinov Technologies, Inc., a Canadian corporation.
 /delval/
 -0- 8/9/93
 /CONTACT: Stephen S. Simyak of the Cedar Group, 215-834-8570/
 (CDRGQ)


CO: Cedar Group, Inc.; Edinov Technologies, Inc. ST: Pennsylvania IN: SU:

MJ-LJ -- PH024 -- 0896 08/09/93 16:31 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
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