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NATIONAL RECORD MART, INC. ANNOUNCES INITIAL PUBLIC OFFERING

 PITTSBURGH, Aug. 6 /PRNewswire/ -- National Record Mart, Inc. (NASDAQ-NMS: NRMI), announced today the initial public offering of 1,700,000 shares of common stock at a price of $7.50 per share.
 Of the 1,700,000 shares of common stock offered to the public, 200,000 shares were offered by selling shareholders. The balance of the shares were sold by the company. The underwriting was co-managed by Ladenburg, Thalmann & Co. Inc. and Advest, Inc.
 The company intends to use the proceeds from the offering to finance the opening of new stores, to repay indebtedness, to increase inventory in its stores and for general corporate purposes.
 National Record Mart, Inc., founded in 1937 in Pittsburgh, is a specialty retailer of music and other home entertainment products. The company currently operates 99 stores in 13 states, making it the 11th-largest specialty music retailer in the country. It is the leading specialty music retailer in its core western Pennsylvania/eastern Ohio market. The company was acquired in 1986 by an investor group headed by William A. Teitelbaum, the now chairman and president.
 A copy of the prospectus is available from:
 -- Ladenburg, Thalmann & Co. Inc.
 540 Madison Ave.
 New York, N.Y. 10022; or
 -- Advest, Inc.
 One Commercial Plaza
 280 Trumbell St.
 Hartford, Conn. 06103.
 -0- 8/6/93
 /CONTACT: Elaine Gates of National Record Mart, 412-276-6200/
 (NRMI)


CO: National Record Mart, Inc.; Ladenburg, Thalmann & Co. Inc.;
 Advest, Inc. ST: Pennsylvania IN: REA SU: OFR


KC-CD -- PG009 -- 0276 08/06/93 11:02 EDT
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Publication:PR Newswire
Date:Aug 6, 1993
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