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DYANSEN CORPORATION EXTENDS FORBEARANCE AGREEMENT WITH LENDER

 DYANSEN CORPORATION EXTENDS FORBEARANCE AGREEMENT WITH LENDER
 NEW YORK, April 15 /PRNewswire/ -- Dyansen Corporation (NASDAQ: DYAN) today announced that it signed Amendment No. 1 to the Forbearance Agreement with its secured lender. The lender agreed, subject to certain terms and conditions, to extend the forbearance period, which was set to expire on April 13, 1992, to May 11, 1992. The lender has indicated its willingness to cooperate with the company while management continues to meet potential investors in order to raise additional capital.
 The company has presently taken certain steps to expand its marketing efforts nationwide to maximize sales during the seasonal upturn which historically occurs in the second and third quarter of the year.
 The company is also planning to introduce a new collection consisting of three Erte sculptures in honor of the centennial anniversary of his birth.
 Management is hopeful that these steps will improve the company's financial position.
 -0- 4/15/92
 /CONTACT: Harris Shapiro, chairman, 212-627-6410, or Philip Dondiego Jr., chief financial officer, 212-627-6410, both of Dyansen/
 (DYAN) CO: Dyansen Corporation ST: New York IN: SU: FNC


KD-OS -- NY073 -- 8730 04/15/92 12:58 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
Words:190
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