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AILEEN, INC. SHAREHOLDERS ELECT DIRECTORS AND APPROVE STOCK OPTION PLAN

AILEEN, INC. SHAREHOLDERS ELECT DIRECTORS AND APPROVE STOCK OPTION PLAN
 NEW YORK, April 14 /PRNewswire/ -- Aileen, Inc. (NYSE: AEE), a manufacturer and retailer of women's apparel, reported that at yesterday's Annual Meeting shareholders re-elected all incumbent directors and approved a new stock option plan and the appointment of the Company's auditors.
 In a message to shareholders, Abe Oberlin, Chairman of the Board, reported on major programs to upgrade manufacturing equipment and store design and enhance the quality of its apparel. The Company currently operates 122 manufacturers' outlet retail stores in 38 states, with an additional 16 stores expected to be open by the October 31, fiscal year-end.
 Following the Annual Meeting, the Board of Directors, in electing officers, promoted Robert W. Tarpley, formerly Vice President-Finance, to President. Abe Oberlin, who previously held the office of President, remains as Chairman of the Board and Chief Executive Officer. Clyde W. Lillard, formerly Vice President in charge of retail operations, was promoted to Executive Vice President. Newly-elected officers are Stephen B. Delman, Vice president-General Counsel and Secretary, Homer Coffman, Vice President-Retail Stores, Robert Fadely, Vice President-Manufacturing, and David Poisson, Treasurer.
 -0- 4/14/92
 /CONTACT: Robert W. Tarpley, President, Aileen, Inc., 703-984-4181/
 (AEE) CO: Aileen, Inc. ST: Virginia IN: REA SU: PER


CM -- CH001 -- 8055 04/14/92 08:05 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
Words:218
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