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2.3 MILLION SHARE OF ALDILA COMMON STOCK PRICED AT $14 PER SHARE IN INITIAL PUBLIC OFFERING

 SAN DIEGO, June 7 /PRNewswire/ -- Aldila, Inc. announced today that it has priced the initial public offering of 2.3 million shares of common stock at $14 per share. Aldila is the largest manufacturer of graphite golf club shafts in the U.S.
 All the shares offered are being sold by the company. Net proceeds from the sale will be used to repay bank debt. Forstmann Little partnerships and management will now own approximately 59.1 percent and 11.5 percent, respectively, of the company's outstanding shares on a fully diluted basis, excluding the over-allotment options. The company has granted the underwriters options to purchase up to an additional 345,000 shares to cover over-allotments.
 Alex. Brown & Sons Incorporated and William Blair & Company are co- managers for the offering.
 The company's shares will be listed on the NASDAQ under the symbol ALDA and will begin trading tomorrow.
 Aldila designs, manufactures and markets graphite golf club shafts for use in golf clubs assembled and manufactured by leading golf club companies as well as pro shops, custom club shops and repair shops.
 -0- 6/7/93
 /CONTACT: George Sard or Anna Cordasco of Sard Verbinnen & Co., 212-687-8080, for Aldila, Inc./


CO: Aldila, Inc. ST: California IN: SU: OFR

KD-TS -- NY082 -- 6238 06/07/93 17:14 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 7, 1993
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