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INITIAL PUBLIC OFFERING OF 4,400,000 SHARES OF GENERAL NUTRITION COMPANIES, INC. AT $16 PER SHARE

 PITTSBURGH, Jan. 21 /PRNewswire/ -- Morgan Stanley & Co. Incorporated, Donaldson, Lufkin & Jenrette Securities Corporation and PaineWebber Incorporated, as managers of the underwriting group, announced the initial public offering today of 4,400,000 shares of common stock of General Nutrition Companies, Inc. at a price of $16 per share. Of the total, 3,550,000 shares will be offered in the United States and Canada and 850,000 shares will be offered outside the United States and Canada. General Nutrition Companies, Inc. will be listed on the NASDAQ National Market System under the symbol GNCI.
 General Nutrition Companies, Inc. intends to use the net proceeds from the sale of the common stock to redeem all of the outstanding shares of its subsidiary's 12.5 percent series A preferred stock and to repay a portion of its bank indebtedness.
 General Nutrition Companies, Inc., through its subsidiary General Nutrition Incorporated and its subsidiaries, is the only nationwide specialty retailer of vitamin, mineral and sports nutrition supplements, and is also a leading provider of personal care, fitness and other health-related products. The company's products are sold through a network of 1,150 retail stores operating under the GNC name, of which 924 are owned and operated by the company at leased locations and 236 are franchised. The stores are located primarily in regional shopping malls in the 50 states and eight are located in Peru, Puerto Rico, Guam and Mexico.
 -0- 1/21/93
 /CONTACT: Edwin Kozlowski of General Nutrition Companies, 412-288-4600/
 (GNCI)


CO: General Nutrition Companies, Inc. ST: Pennsylvania IN: FOD SU: OFR

GK -- NY036 -- 7367 01/21/93 11:34 EST
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Publication:PR Newswire
Date:Jan 21, 1993
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