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RUSS TOGS ISSUES STATEMENT

 RUSS TOGS ISSUES STATEMENT
 NEW YORK, Nov. 5 /PRNewswire/ -- Russ Togs, Inc. (NYSE: RTS) today


announced that its banks have elected to declare all amounts due under the company's credit agreement immediately due and payable pursuant to the terms of such agreement.
 The company stated that it is continuing to review alternatives, including other sources of financing or a reorganization under the Bankruptcy Laws.
 -0- 11/5/91
 /CONTACT: Ana Garcia of Parker Chapin Flattau & Klimpl, 212-704-6185, for Russ Togs/
 (RTS) CO: Russ Togs, Inc. ST: New York IN: REA SU: SM-OS -- NY023 -- 1164 11/05/91 10:27 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 5, 1991
Words:100
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