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ASHLAND MANAGEMENT NOT AFFILIATED WITH ASHLAND CAPITAL

 ASHLAND MANAGEMENT NOT AFFILIATED WITH ASHLAND CAPITAL
 NEW YORK, Oct. 8 /PRNewswire/ -- Parry v. S. Jones, president of Ashland Management Incorporated, stated that there is no affiliation or relationship between Ashland Management Incorporated, its principals or employees, and Ashland Capital Management, Inc. Ashland Management Incorporated is a registered investment adviser with its main office at 26 Broadway, New York. Whereas, the location of Ashland capital is unknown to Ashland Management. Ashland Capital Management has been accused by the Securities and Exchange Commission of acting as an unregistered adviser and other violations of the securities laws.
 Mr. Jones explained that Ashland Management had been unaware until Oct. 7 of the existence of Ashland Capital when it was advised of legal proceedings brought against the latter company by the SEC and the entry of a consent judgment against Ashland Capital.
 Mr. Jones also stated that Ashland Management is consulting with counsel concerning possible action against Ashland Capital for trademark infringement and unfair competition.
 Ashland Management Incorporated, which was founded in 1975, manages over one billion dollars for institutions and individuals. It is registered as an investment adviser with the Securities and Exchange Commission and numerous states.
 -0- 10/8/92
 /CONTACT: Parry v. S. Jones, president of Ashland Management, 212-425-2803/ CO: Ashland Management Incorporated ST: New York IN: FIN SU:


PS-TM -- NY107 -- 8093 10/08/92 17:14 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
Words:227
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