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ALLOU HEALTH & BEAUTY CARE CLASS B WARRANTS LISTED ON AMERICAN STOCK EXCHANGE

 ALLOU HEALTH & BEAUTY CARE CLASS B WARRANTS LISTED
 ON AMERICAN STOCK EXCHANGE
 BRENTWOOD, N.Y., Feb. 24 /PRNewswire/ -- Allou Health & Beauty Care, Inc. (AMEX: ALU), today announced that its class B warrants are listed for trading on the American Stock Exchange, under the symbol "ALU.WS.B" effective Feb. 24, 1992.
 Each class B warrant entitles the holder to purchase one share of class A common stock for $7.50. This exercise price will remain effective through July 10, 1994. The warrants are subject to redemption. There are 1.5 million class B warrants outstanding.
 Allou's class A common stock and class A warrants will continue to trade on the American Stock Exchange under the symbols "ALU" and "ALU.WS.A" respectively.
 Allou is the premier distributor of nationally advertised health and beauty aids, prestige designer fragrances and cosmetics in the Northeast as well as Miami and Philadelphia. The company's active customer base ranges from independent retailers to major national chain stores. Allou is experiencing strong volume and net income growth.
 For additional information regarding terms of the class B warrants, refer to the company's prospectus regarding warrants dated Dec. 9, 1991.
 -0- 2/24/92
 /CONTACT: David Shamilzadeh, chief financial officer of Allou Health & Beauty Care, 516-273-4000/
 (ALU) CO: Allou Health & Beauty Care, Inc. ST: New York IN: HOU SU:


SH-OS -- NY015 -- 1762 02/24/92 09:38 EST
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Publication:PR Newswire
Date:Feb 24, 1992
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