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A&W BRANDS INCREASES REGULAR QUARTERLY DIVIDEND, COMMENTS ON LOWER-THAN-EXPECTED FIRST QUARTER RESULTS, ANNOUNCES NEW PRODUCT LAUNCH AND THE ELECTION OF A NEW DIRECTOR TO COMPANY'S BOARD

 WHITE PLAINS, N.Y., March 22 /PRNewswire/ -- A&W Brands, Inc. (NASDAQ: SODA) today announced it increased its regular quarterly cash dividend to $0.08 per common share payable on April 15, 1993 to shareholders of record at the close of business on April 1, 1993. The previous quarterly dividend had been at $0.073 per common share, taking into account the 3-for-2 stock split effective Feb. 16, 1993.
 M. L. Lowenkron, chairman and chief executive officer of A&W Brands, Inc. also announced that based on preliminary operating information for the first quarter of 1993, the company expects first quarter sales volume and net earnings to be lower than analysts' estimates.
 The company anticipates 1993 first quarter earnings will be approximately $0.28 per share compared to analysts' estimates of about $0.31 per share. A&W Brands reported 1992 first quarter net earnings of $0.28 per share, taking into account the 3-for-2 stock split.
 Lowenkron said that after a solid 1992 fourth quarter, the company was disappointed at the anticipated first quarter results. However, with an array of aggressive marketing support programs planned, the company expects growth in both sales and earnings for the balance of the year.
 The company also stated that, given the adjusted outlook for the first quarter, net earnings for the full year 1993 will probably be slightly lower than analysts' estimates of approximately $1.30 per share.
 The company further announced that it will introduce this Spring a flavor extension of its popular Squirt brand called Ruby Red Squirt. This new product is a refreshing blend of citrus and berry flavors in a dark red color targeted to appeal to a broader consumer base. The company expects the product to capitalize on the Squirt brand equity with minimal cannibalization. In 1993, Ruby Red Squirt will be introduced into 15 percent to 20 percent of the U.S. and is expected to be profit neutral.
 The company is also pleased to announce that Mr. Richard Q. Armstrong has been elected as a director to serve on the company's board of directors. Mr. Armstrong is presently a partner with The New England Consulting Group. His prior senior management experience was with major consumer product companies including Canada Dry and Dr. Pepper companies.
 A&W Brands, Inc., based in White Plains, is a leading marketer of soft drinks in niche flavor segments.
 -0- 3/22/93
 /CONTACT: Ernest J. Cavallo of A&W Brands, Inc., 914-397-1700/
 (SODA)


CO: A&W Brands, Inc. ST: New York IN: FOD SU: DIV

TS -- NY019 -- 8072 03/22/93 09:03 EST
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Date:Mar 22, 1993
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