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AMERICAN STUDIOS, INC. ANNOUNCES ASSOCIATION WITH CIFRA SUBSIDIARY IN MEXICO

 CHARLOTTE, N.C., July 14 /PRNewswire/ -- American Studios, Inc., (NASDAQ-NMS: AMST), the principal provider of portrait photography services to Wal-Mart Stores, Inc. (NYSE: WMT), today announced that it will open a permanent portrait studio in one of the approximately 33 self-service department stores operated by Almacenes Aurrera, S.A. de C.V. a subsidiary of Cifra, S.A. de C.V. in Mexico. This studio is expected to open in Mexico City at the end of this month. R. Kent Smith, president, said, "We are delighted with this association with Mexico's premier retailer."
 Smith stated that future openings of portrait photography studios in Almacenes Aurrera will be determined by the success of the initial operation.
 American Studios announced earlier that it had been selected by Wal-Mart Stores, Inc. to open portrait photography studios in Wal-Mart stores in Mexico, with the first studio expected to be in operation during 1993.
 American Studios, Inc. currently provides portrait photography services in over 1,700 Wal-Mart stores in 34 states in the United States and Puerto Rico.
 -0- 7/14/93
 /CONTACT: R. Kent Smith, President, or A. Allen Henderson, CFO, American Studios, Inc., 704-588-4351/
 (AMST WMT)


CO: American Studios, Inc. ST: North Carolina IN: REA SU: JVN

SB -- CH009 -- 1654 07/14/93 18:04 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
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