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ROANOKE CAPITAL INVESTS IN PACIFIC LINEN; CONLEY TO JOIN RETAIL CHAIN'S BOARD, EXECUTIVE COMMITTEE

 SEATTLE, Dec. 10 /PRNewswire/ -- The following was announced today by Pacific Linen:
 Seattle-based venture firm Roanoke Capital Ltd. has led a $10.4 million round of expansion capital for leading bed-and-bath retailer Pacific Linen.
 "This marks a significant step in Pacific Linen's history," said President and Chief Executive Officer Bill Shepard. "We are delighted the equity capital round has been led by one of the Northwest's premier venture capital firms and we look forward to an outstanding partnership."
 Roanoke founder Frances M. Conely will join the Pacific Linen board of directors and the board's executive committee.
 Other local participants in the round are Fluke Capital Management and a member of the Boeing family. Most of the company's existing investors also participated.
 According to Shepard, Pacific Linen plans to continue opening linens superstores throughout the United States and Canada. The chain currently operates 50 stores in eight Western states and two Canadian provinces.
 "The Roanoke investment will allow us to speed up Pacific Linen's total repositioning and expansion," explained Shepard. "We're the dominant linens retailer in the region and our concept has been well received in many new markets."
 Roanoke Capital makes equity investments in companies based in the Northwest. The fund it manages totals $30 million and is invested in 10 companies representing a range of industries -- including retail, menswear, software and metals manufacturing.
 -0- 12/10/93
 /CONTACT: Bill Shepard of Pacific Linen, 206-481-2221; or Marilyn Hawkins of The Rockey Co., 206-728-1100, for Pacific Linen/


CO: Roanoke Capital Ltd.; Pacific Linen; Fluke Capital Management ST: Washington IN: TEX SU: PER

JH-IC -- SE006 -- 2802 12/10/93 17:15 EST
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Publication:PR Newswire
Date:Dec 10, 1993
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