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AMERICAN STUDIOS, INC. COMMENCES PUBLIC OFFERING

 CHARLOTTE, N.C., March 23 /PRNewswire/ -- American Studios, Inc. (NASDAQ-NMS: AMST), a North Carolina corporation (the "Company"), today announced the commencement of a public offering of 3,000,000 shares of its common stock at a price of $15.00 per share through a syndicate of underwriters managed by The Robinson-Humphrey Company, Inc. and The First Boston Corporation. All of such shares are being sold by certain existing shareholders of the Company principally Merrill Lynch Interfunding Inc. and certain officers and directors of the Company, who are paying all the expenses of the offering. The Company is not selling any shares in this offering, and, accordingly, the Company will not receive any proceeds from the offering.
 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.
 Copies of the Prospectus can be obtained from representatives of The Robinson-Humphrey Company, Inc., at The Atlanta Financial Center, 3333 Peachtree Road, N.E., Atlanta, GA 30326 (404-266-6000) or The First Boston Corporation, Park Avenue Plaza, 55 East 52nd Street, New York, NY 10055 (212-909-2000).
 -0- 3/23/93
 /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

MM -- CH004 -- 8529 03/23/93 09:07 EST
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Publication:PR Newswire
Date:Mar 23, 1993
Words:249
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