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SHERWOOD TO ACQUIRE RAMIA HOLDINGS

 SHERWOOD TO ACQUIRE RAMIA HOLDINGS
 PORT CHESTER, N.Y., Nov. 8 /PRNewswire/ -- Sherwood Corp.,


(NASDAQ: SHRW) announced today that it had signed an agreement to acquire all of the shares of Ramia Holdings Limited, a privately held Cyprus corporation.
 Ramia Holdings Limited's principal asset is a waterfront parcel of real property on the Isle of Rhodes upon which it intends to construct a 526 room deluxe hotel.
 Completion of the sale, which is subject to certain conditions, is expected prior to month's end.
 -0- 11/8/91
 /CONTACT: Anthony Russo, president of Sherwood Corp., 914-939-9000/
 (SHRW) CO: Sherwood Corp. ST: California IN: SU: TNM AL-CH -- SD002 -- 0896 11/08/91 11:34 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 8, 1991
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