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CELEBRITY INC. FILES FOR OFFERING

 CELEBRITY INC. FILES FOR OFFERING
 TYLER, Texas, Sept. 17 /PRNewswire/ -- Celebrity, Inc. ("Celebrity")


announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of up to 1,700,000 shares of its common stock. Of the 1,700,000 shares offered, 1,480,000 shares are being sold by Celebrity in an offering representing new financing and 220,000 shares are being sold by selling shareholders. Rauscher Pierce Refsnes, Inc. will manage the offering.
 Celebrity is one of the largest suppliers of high quality artificial flowers, foliage and flowering bushes, selling primarily to craft store chains and to other retailers and wholesale florists.
 The proceeds received by Celebrity will be used to reduce short-term debt, to fund cash payments to certain shareholders of Celebrity's Hong Kong affiliate to effect its consolidation with Celebrity, to redeem certain common stock purchase warrants issued in a recent acquisition, to upgrade and expand Celebrity's management information systems, to finance the initial costs of a proposed distribution center to serve the western U.S. and for general corporate purposes.
 A registration statement relating to the offered shares has been filed with the Securities and Exchange Commission, but has not yet become effective. The offered shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of these securities under the securities laws of any such state.
 A copy of the prospectus relating to the offering may be obtained from Rauscher Pierce Refsnes, Inc., Plaza of the Americas, 2500 RPR Tower, Dallas, Texas 75201, telephone number 214-978-0111, ext. 2038.
 -0- 9/17/92
 /CONTACT: Robert H. Patterson Jr. of Celebrity, Inc., 903-561-3981/ CO: Celebrity, Inc. ST: Texas IN: SU: OFR


AH -- NY097 -- 0894 09/17/92 18:13 EDT
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Date:Sep 17, 1992
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