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CHAMBERS POSTPONES ANNUAL SHAREHOLDERS MEETING

 CHAMBERS POSTPONES ANNUAL SHAREHOLDERS MEETING
 PITTSBURGH, April 22 /PRNewswire/ -- Chambers Development Company,


Inc. (AMEX: CDVA, CDVB) today announced that its annual shareholders meeting, originally scheduled for Monday, May 11, at the Vista Hotel in Pittsburgh, has been postponed until a time to be announced later this year.
 On April 15, 1992, the company's new independent accountants, Deloitte & Touche, started their audit of Chambers' financial results for the year ended Dec. 31, 1991. Deloitte & Touche will also review prior period financial statements. The annual meeting, as well as formal reports to shareholders on the 1991 results which are required by the Securities and Exchange Commission and the American Stock Exchange, will be delayed until the new audit is complete, company officials said.
 -0- 4/22/92
 /CONTACT: John Shirvinsky, 412-244-6138, or Jim Leonard, 412-244-7560, both media; or Lew Nevins, financial, 412-244-6195, all of Chambers Development/
 (CDV) CO: Chambers Development Company, Inc. ST: Pennsylvania IN: SU:


JT-CD -- PG023 -- 1395 04/22/92 15:14 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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