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AMERICAN METALS SERVICE TO HOLD SPECIAL MEETING OF SHAREHOLDERS

 AMERICAN METALS SERVICE TO HOLD SPECIAL MEETING OF SHAREHOLDERS
 MIAMI, July 14 /PRNewswire/ -- American Metals Service, Inc. (NASDAQ: AMTS) announced that its board of directors has determined to call a special meeting of the shareholders of the company to submit for their approval a plan of liquidation and dissolution. Despite the company's continued attempts to improve its operating results through a downsizing of its operations, the board has determined that a liquidation of the company's assets and a distribution to shareholders of the resulting proceeds will maximize shareholder value. The board has scheduled the special meeting for Sept. 3, 1992, at the company's headquarters in Miami, and has set the record date for the determination of shareholders entitled to vote at such meeting for Aug. 5, 1992.
 The company is a wholesale distributor of aluminum alloys and other specialty metals, and was organized under the laws of the state of Florida in 1968. The company's common stock has traded on the over-the- counter market since October 1980.
 -0- 7/14/92
 /CONTACT: Maria Sanchez, controller of American Metals Service, 305-592-7550/
 (AMTS) CO: American Metals Service, Inc. ST: Florida IN: MNG SU:


JB-AW -- FL015 -- 9274 07/14/92 16:57 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
Words:200
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