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PRIVATE BRANDS DEFERS PAYMENT OF PREFERRED STOCK DIVIDEND

 PRIVATE BRANDS DEFERS PAYMENT OF PREFERRED STOCK DIVIDEND
 BROOKLYN, N.Y., May 7 /PRNewswire/ -- Private Brands, Inc. (NASDAQ: PRIB), a leading designer and manufacturer of knitted contemporary leisure wear and, through its Bali subsidiary, of gold jewelry products, today reported that it would defer payment of its $.08 per share dividend on its cumulative convertible preferred stock payable May 11, 1992 due to cash requirements to finance current production. Aaron V. Gross, chairman of the board, said that the company had paid dividends for each quarter since April 22, 1987 and plans to resume payments in the near future.
 -0- 5/7/92
 /CONTACT: Arron J. Gross of Private Brands, 718-237-0472/
 (PRIB) CO: Private Brands, Inc. ST: New York IN: TEX SU:


SM-OS -- NY013 -- 7496 05/07/92 09:56 EDT
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Publication:PR Newswire
Date:May 7, 1992
Words:131
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