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SPECIALTY RETAIL GROUP ANNOUNCES THE COMPLETION OF PREVIOUSLY ANNOUNCED FORMATION OF REAL ESTATE ADVISORY GROUP

 GREENWICH, Conn., June 15 /PRNewswire/ -- Institute For Laboratory Medicine, Inc. (NASDAQ: LABS), d/b/a Specialty Retail Group, Inc., announced today that it has completed the previously announced agreements with the principals of WCA, Inc., a real estate advisory concern with a substantial client portfolio including Jennifer Convertibles, Tony Roma's, Sbarro's, T.G.I. Fridays, Checkers' and Hi-Health, among others. This entity will provide SRG with immediate real estate advisory revenues as well as the foundation for guiding the expansion of acquired specialty retail businesses.
 Also, the company has set June 30, 1993, as the date for a special meeting of shareholders to approve an official change in the company's name to the "Specialty Retail Group, Inc." Shareholders of record on June 1, 1993, will be entitled to vote on this change.
 -0- 6/15/93
 /CONTACT: Russ S. Fein of Institute For Laboratory Medicine, d/b/a Specialty Retail Group, 203-622-7670/
 (LABS)


CO: Specialty Retail Group, Inc. ST: Connecticut IN: SU:

GK-SH -- NY068 -- 2177 06/15/93 13:37 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
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