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AMPLIFICATION OF ELI'S EXPRESSION OF INTEREST IN NOSTALGIA NETWORK

 LOS ANGELES, July 14 /PRNewswire/ -- Yesterday, The Nostalgia Network, Inc. (NASDAQ-OTC: NNET) reported that Excellerated Learning Institute, ("ELI"), had expressed interest in acquiring all, but not less than 60 percent, of Nostalgia's outstanding shares at a price of $2.50 per share. That expression of interest, of course, is subject to due diligence and negotiation, preparation and execution of a definitive agreement. Too, it is conditioned upon ELI securing permanent financing for the completion of the transaction and the concurrence of ELI's international affiliates in the viability of Nostalgia's format and programming for use in the territories outside the United States.
 The Nostalgia Network is the only 24 hour basic cable television service that targets the rapidly growing and increasingly affluent market of active adult Americans over 45 by offering entertainment, lifestyle and informational programming and currently serves more than 14 million subscribers via satellite to approximately 740 cable television systems throughout the United States.
 -0- 7/14/93
 /CONTACT: James K. Merrill of Merrill & Associates, 619-431-5544, or Desmond Towey or George Robinson, both of Desmond Towey & Associates, 212-888-7600, all for The Nostalgia Network, Inc./
 (NNET)


CO: Nostalgia Network; Excellerated Learning Institute ST: California IN: ENT SU: TNM

TM -- NY081 -- 1579 07/14/93 16:20 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
Words:207
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