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CONTINUUM GROUP INC. COMPLETES FINANCING

 CRANFORD, N.J., March 15 /PRNewswire/ -- The Continuum Group, Inc. (OTC) today announced that it has completed a financing whereby a group of lenders have loaned the company an aggregate of $1,310,000 which is payable in February 1995 and which accrues interest at 5 percent per annum. In addition, the company granted to the lenders warrants to purchase an aggregate of 1,310,000 shares of the company's common stock at an exercise price of $1.75 per share. The warrants are exercisable unto; February 1996. Approximately, $710,000 of the loans were made by foreign lenders.
 Harrison Weaver, chief executive officer stated: "The successful financing is extremely gratifying and that the proceeds from the loans will be used for working capital. We believe that the lenders' enthusiasm is well founded and we are confident that future developments of the company will reward our stockholders."
 The company a is development stage company primarily engaged in the acquisition, production, marketing and distribution of recorded music. The company also acts as a music marketing agent, music publisher and business representative for musicians.
 -0- 3/15/93
 /CONTACT: Simon T. Brack, president and chief operating officer of The Continuum Group, Inc., 908-709-0011/


CO: Continuum Group, Inc. ST: New Jersey IN: ENT SU:

AH-WB -- NY093 -- 6259 03/15/93 17:33 EST
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Publication:PR Newswire
Date:Mar 15, 1993
Words:220
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