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BRITISH AMERICAN CHAMBER OF COMMERCE HOSTS LUNCHEON FOR RICHARD BRANSON

 LOS ANGELES, Feb. 23 /PRNewswire/ -- The British American Chamber of Commerce has invited Richard Branson, chairman of the Virgin Group of Companies to be their guest luncheon speaker at the Westin South Coast Plaza on Thursday, March 18. The reception will begin at 11:30 a.m. with the luncheon following at 12:15 p.m. Branson, England's most famous entrepreneur will discuss the philosophies behind his successful Virgin Group of Companies.
 Renowned for his risk-taking and unique business-style, Branson has captured the respect and imagination of businessmen throughout the world. In 1966, the enterprising 16-year-old dropped out of school and proceeded to make his first million one year thereafter with his national magazine, Student. Branson went on to found Virgin Records which started as a mail-order record discount operation and blossomed into the largest independent record label in the world. In 1992, Branson sold Virgin Records for a record $980 million.
 A good portion of the monies generated from the sale went toward expanding Branson's "real love" -- Virgin Atlantic Airways. The fledgling airline began in 1984 with one 747 and one route. Today, Virgin Atlantic services six U.S. gateways to London and has been honored with the highest accolade in the travel industry in the United Kingdom -- the "Airline of the Year" for three years in a row from Executive Travel Magazine. The airline has also recently gained attention after charging British Airways with libel and anti-trust. The mega-carrier conceded to Virgin Atlantic and admitted to all charges.
 In December 1992, Branson launched Vintage Air Tours, a nostalgia-themed charter tour company operating authentic DC-3s from Orlando to Key West, Fla. In the same month, Branson opened his first U.S. Virgin Megastore. He has since signed the worldwide Megastore chain in a joint venture with Blockbuster Entertainment that will make the Megastore one of the biggest music retailing chains in the world.
 Branson's personal achievements include his record-breaking trans-oceanic adventures. Branson won the Blue Riband in 1986 for crossing the Atlantic by speedboat in the fastest record time ever. Branson also broke all existing records by successfully crossing both Atlantic and Pacific Oceans by hot air balloon.
 The British American Chamber of Commerce Orange County is a non- profit, non-political organization dedicated to fostering friendship, commerce and economic growth between the United Kingdom and the United States. The group stages various social events and business seminars throughout the year, and offers both corporate and individual membership options.
 This special event featuring Richard Branson is expected to be a sell-out, so make reservations early by contacting Valerie Blackholly at the British American Chamber of Commerce, 714-474-8145.
 -0- 2/23/93
 /CONTACT: Claudia Roxburgh or Dorothy Shippel of The Roxburgh Agency, 714-556-4365, for the British American Chamber of Commerce/


CO: British American Chamber of Commerce ST: California IN: SU:

MS-BP -- LA024 -- 9464 02/23/93 13:41 EST
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Date:Feb 23, 1993
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