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BATTERY ONE-STOP APPOINTS MARLEAU, LEMIRE SECURITIES INC. ITS CANADIAN FISCAL ADVISOR

 TORONTO, Oct. 5 /PRNewswire/ -- Battery One-Stop Inc., (the "Corporation"), a specialty retailer of batteries and battery-related products operating over 65 locations throughout the United States and Canada, announces today that it has reached agreement with Marleau Lemire Securities Inc. ("Marleau Lemire") to act as its exclusive Canadian fiscal advisor and agent.
 R. Bruce Freeman, managing director of Battery One-Stop, explains that Marleau Lemire, a recognized niche player, has historically focused on identifying investment opportunities among small cap companies. Specifically, Marleau Lemire seeks underfollowed growth opportunities, often identified by one of its analysts and supported by its strong emphasis on research.
 Freeman continues: "The appointment of Marleau Lemire is both advantageous and logical for Battery One-Stop. It is advantageous because the Corporation needs additional support and fiscal guidance if it is to achieve its business growth and financial goals. It is logical because now, for Battery One-Stop, the time is right -- the Corporation is ready to take the next giant step forward -- we have a story to tell."
 Marleau Lemire's Vancouver office will be Battery One-Stop's contact point. There Richard Groome and Richard Whittall, Managing Director and Vice President, Corporate Finance, respectively, will advise the Corporation. Marleau Lemire will nominate a director to the Corporation's Board.
 Battery One-Stop also announces that it has entered into an agreement in principle, subject to regulatory approval, providing for an exempt acquisition of a private Alberta corporation, having cash assets of about $1 million Canadian funds, in exchange for approximately 2.8 million common shares of the Corporation at a deemed price of $0.36 per share. As well, in a separate transaction, subject to certain conditions, the Corporation and Marleau Lemire have arranged for the placement of 1.1 million shares of the Corporation on a private secondary placement basis.
 As the Corporation has no debt, this addition to cash resources will enable it to acquire reasonable trade terms with suppliers, necessary to optimize inventory throughout the system in time for Christmas, and will fund additional expansion. After securing prime locations, the Corporation intends to expand to a 100 store chain during its current fiscal year.
 The Alberta Stock Exchange has neither approved nor disapproved the contents of this news release.
 -0- 10/5/93
 /CONTACT: R. Bruce Freeman, managing director of Battery One-Stop, 416-540-4494, or fax, 416-963-8392/


CO: Battery One-Stop Inc.; Marleau Lemire Securities Inc. ST: Ontario IN: REA SU:

WB -- NY026 -- 8780 10/05/93 10:23 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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