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GENOVESE DRUG STORES TO OFFER ELECTRONIC TAX REFUND SERVICE

 MELVILLE, N.Y., Dec. 15 /PRNewswire/ -- Genovese Drug Stores, Inc. (AMEX: GDXA), a chain of 98 super drug stores with locations in New York, New Jersey and Connecticut, announced today that the company will offer electronic filing of income tax returns through all of its stores. Genovese has reached an agreement with Express Tax Refund Services, Inc. of Hauppauge, N.Y., to establish Express Tax Refund as a service bureau for Genovese customers seeking fast tax refunds for the 1993 tax season. Tax filers using this service can expect to receive their tax refunds within 10-17 days. In addition, refunds can be deposited directly into the filer's bank account for added safety.
 According to Donald W. Gross, vice president of marketing for Genovese Drug Stores, "The electronic filing of income tax returns to facilitate the receipt of refunds is the fastest growing IRS sponsored filing service. Last year, nearly 10 percent of all tax returns were filed electronically." He added, "In a test program conducted this year in 16 Genovese stores, electronic tax return filing was extremely well received. We are very pleased to be able to offer this service chain- wide in 1993."
 -0- 12/15/92
 /CONTACT: Donald W. Gross, vice president of Genovese Drug Stores, 516-420-1900/
 (GDX)


CO: Genovese Drug Stores, Inc. ST: New York IN: REA SU: PDT

GK-OS -- NY019 -- 7102 12/15/92 10:30 EST
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Publication:PR Newswire
Date:Dec 15, 1992
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