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AMERICAN STUDIOS, INC. ANNOUNCES FILING OF REGISTRATION STATEMENT

 CHARLOTTE, N.C., March 2 /PRNewswire/ -- American Studios, Inc. (NASDAQ-NMS: AMST), a North Carolina corporation (the "Company"), has filed a registration statement with the Securities and Exchange Commission for the offering of 3,000,000 shares of its Common Stock by certain shareholders of the Company who are paying all of the expenses of the offering. The Company is not selling any shares in this offering and, accordingly, will not receive any proceeds from the offering. The selling shareholders are principally Merrill Lynch Interfunding Inc. and certain officers and directors of the Company. The shares of Common Stock are being offered by such selling shareholders through a syndicate of underwriters managed by Robinson-Humphrey Company, Inc. and The First Boston Corporation. The Common Stock is listed in the NASDAQ National Market System under the symbol "AMST."
 The Company is the principal provider of portrait photography services in Wal-Mart stores, and provided such services in over 90 percent of all Wal-Mart stores as of Dec. 31, 1992. The Company provides these services through both traveling and permanent studios in Wal-Mart stores in 34 states and Puerto Rico.
 A preliminary prospectus relating to the securities may be obtained at the offices of The Robinson-Humphrey Company, Inc. at Atlanta Financial Center, 3333 Peachtree Rd., N.E., Atlanta, Ga. 30326 or at the offices of the First Boston Corporation at 55 East 52nd St., New York, NY 10055.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This 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 registration or qualification under the securities laws of any such State.
 -0- 3/2/93
 /CONTACT: R. Kent Smith, President, or A. Allen Henderson, CFO, American Studios, 704-588-4351/
 (AMST)


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

CM -- CH009 -- 2045 03/02/93 14:46 EST
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Publication:PR Newswire
Date:Mar 2, 1993
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