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ALDILA FILES 2.3 MILLION SHARE INITIAL PUBLIC OFFERING

 SAN DIEGO, April 23 /PRNewswire/ -- Aldila, Inc., the largest manufacturer of graphite golf club shafts in the United States, announced today that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering of 2.3 million shares of common stock. All of the shares will be offered by the company.
 Aldila is owned by affiliates of Forstmann Little & Co. and members of management.
 The offering price is expected to be between $10 and $12 per share. Alex. Brown & Sons Incorporated and William Blair & Company will co- manage the offering. The net proceeds from the offering will be used to repay bank borrowings.
 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.
 A registration statement relating to the common stock has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor any offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
 -0- 4/23/93
 /CONTACT: George Sard or Anna Cordasco of Sard Verbinnen & Co., 212-687-8080, for Forstmann Little/


CO: Aldila, Inc.; Forstmann Little & Co. ST: California IN: SU: OFR

LR-SB -- NY083 -- 0184 04/23/93 15:10 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
Words:279
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