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BAREFOOT ANNOUNCES COMPLETION OF EVER-GREEN LAWN ACQUISITION

 WORTHINGTON, Ohio, Jan. 11 /PRNewswire/ -- Barefoot Inc. (NASDAQ/NMS: BARE) announced that it has completed the acquisition of


the assets of Ever-Green Lawns Corporation from ADT Limited. The acquisition was effective Jan. 1, 1993. Ever-Green Lawns Corporation was a St. Louis based lawn care company, that operated in St. Louis, Kansas City, Minneapolis, Milwaukee, Louisville, Ky. and Lexington, Ky. as Ever-Green Lawns. It also operated as Superior Lawn Care in Dayton, Ohio, Cincinnati and Indianapolis.
 The combined Ever-Green operations generated just under $22 million of revenue in calendar 1992. Excluding this acquisition, Barefoot reported total revenue of approximately $47 million for the last twelve months ended Sept. 30, 1992. The acquisition should add significantly to Barefoot's revenues in calendar 1993 and fiscal 1994. The acquisition should also have a significant positive impact on earnings per share through increased market share and reductions in duplicate facilities and personnel, since Barefoot also operates in all of the Ever-Green markets.
 Barefoot also announced that six new franchise locations and one new company location will begin operations in calendar 1993. Including the newly acquired Ever-Green locations and the new locations opening in 1993 Barefoot will have 31 company locations, 36 franchise locations and 9 franchise locations which are managed by Barefoot under management agreements. Headquartered in Worthington, Ohio, Barefoot is the nation's second largest professional lawn care service company. Operating through its wholly-owned subsidiary, Barefoot Grass Lawn Service, Inc., it provides residential lawn care services through periodic applications of fertilizer and control products.
 Barefoot's shares are traded on the NASDAQ National Market System under the symbol BARE.
 -0- 1/11/93
 /CONTACT: Michael R. Goodrich, chief financial officer, Barefoot, Inc., 614-846-1800/
 (BARE)


CO: Barefoot, Inc.; Ever-Green Lawns Corporation ST: Ohio IN: CHM SU: TNM

BM -- CL011 -- 3598 01/11/93 14:14 EST
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Publication:PR Newswire
Date:Jan 11, 1993
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