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ATC TO ACQUIRE CARNEGIE FILM GROUP

 DALLAS, June 15 /PRNewswire/ -- ATC, Inc. (NASDAQ Small Caps: ATCI) today announced that an "agreement in principle" has been reached to acquire Carnegie Film Group, Inc. (Carnegie), an international distributor of original motion pictures and film libraries.
 Richard Liu and Raymond Cottrell, president and chairman, have resigned as officers and board members. Robert H. Hesse and Robert H. Lapsley will temporarily serve as chairman of the board and president/CEO and board member, respectively. The company will reconstitute the board of directors.
 A "definitive agreement" is expected to be completed within two weeks.
 -0- 6/15/93
 /CONTACT: Robert H. Lapsley of ATC, Inc., 214-696-0050/
 (ATCI)


CO: ATC, Inc.; Carnegie Film Group, Inc. ST: Texas IN: ENT SU: TNM

PS-TS -- NY048 -- 2109 06/15/93 12:09 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
Words:128
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