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SUNSHINE-JR. STORES, INC. FILES REVISED REORGANIZATION PLAN

 PANAMA CITY, Fla., Jan. 10 /PRNewswire/ -- Sunshine-Jr. Stores, Inc. (AMEX: SJS) ("SJS") announced that on Friday, Jan. 7, 1994, it filed a revised disclosure statement and plan of reorganization with the United States Bankruptcy Court for the Middle District of Florida, Tampa Division. SJS filed for Chapter 11 protection under the Bankruptcy Code on Dec. 18, 1992. The revised plan of reorganization was submitted after consultation with the official committee of the unsecured creditors.
 Terms of the revised plan remain very similar to the original plan submitted to the Bankruptcy Court on Aug. 27, 1993. As previously, SJS will repay creditors in full plus interest, and equity will not be diluted. The Bankruptcy Court has scheduled a hearing for the disclosure statement on Feb. 9, 1994.
 The revised plan of reorganization does not call for the issuance or pledge of any stock, however, the plan calls for restrictions on dividend payments or other distributions to shareholders until the unsecured creditors are fully discharged. Under the plan, the existing outstanding shares will remain unchanged.
 Sunshine-Jr. Stores operates, as debtor-in-possession under Chapter 11 of the Bankruptcy Code, approximately 262 convenience stores located in Florida, Alabama, Mississippi, Georgia and Louisiana.
 -0- 1/10/94
 /CONTACT: Paul Martin of Sunshine-Jr. Stores, 813-347-8900/
 (SJS)


CO: Sunshine-Jr. Stores, Inc. ST: Florida IN: REA SU:

RK-DP -- FL018 -- 0640 01/10/94 15:02 EST
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Publication:PR Newswire
Date:Jan 10, 1994
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