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THE RECYCLER ANNOUNCES NEW INVESTORS

 LOS ANGELES, April 26 /PRNewswire/ --EZ Buy & EZ Sell Recycler Corporation, owner of The Recycler, the world's largest free ad classified paper and a Southern California institution, and Photo Buys, Southern California's leading photo classified ad paper, announced a definitive agreement with new investors today. Coincident with its 20th anniversary, the company has agreed to retire the interest of the estate of its co-founder and transfer control to a group including the present publisher and co-founder, management, and DLJ Merchant Banking Partners, L.P. DLJ Merchant Banking Partners, L.P. is an affiliate of the New York and Los Angeles investment banking and securities firm of Donaldson, Lufkin & Jenrette, Inc. Terms of the transaction were not disclosed.
 The Recycler, with a readership of over 500,000 qualified buyers weekly, publishes eight separate geographical editions that are sold at more than 6,000 retail outlets. The paper consists primarily of over 105,000 classified advertisements placed free of charge by individuals. Its sister publication, Photo Buys, publishes Southern California's largest classified photo collection of automotive and other advertisements each week in its two geographical editions and has the largest audited circulation of any photo ad publication in the world. The company employs 280 individuals at offices throughout seven counties in Southern California.
 Barbara Ackerman, the general manager of The Recycler, said "The Recycler and Photo Buys have strong franchises in Southern California and the partnership with DLJ Merchant Banking Partners will provide the necessary capital for the future growth of the company. On our 20th anniversary, we are looking forward to enhanced management and employee participation in the growth of one of Southern California's most unique companies."
 DLJ Merchant Banking Partners, L.P. is an equity fund of approximately $1 billion dedicated to leveraged acquisitions. The fund's investment style emphasizes companies that are market share leaders in growing niche markets with high barriers to entry. The fund's general partner, DLJ Merchant Banking, Inc. is a wholly owned subsidiary of Donaldson, Lufkin & Jenrette, Inc., a major investment banking and securities firm, headquartered in New York. Since 1985, DLJ and its affiliates have made principal equity investments in more than three dozen companies representing an aggregate purchase price of $16.5 billion and combined annual revenues of more than $17 billion.
 -0- 04/26/93
 /CONTACT: Karina Schaldach of EZ Buy & EZ Sell Recycler Corp., 213-668-1220/


CO: EZ Buy & EZ Sell Recycler Corporation ST: California IN: PUB ADV SU:

AH -- NY101 -- 0841 04/26/93 15:08 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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