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CAMI'Z ANNOUNCES LETTER OF INTENT FOR PUBLIC OFFERING

 LOS ANGELES, April 1 /PRNewswire/ -- CAMI'Z Inc. (NASDAQ: CAMZ) announced today that the company has executed a letter of intent for a firm commitment public offering of 1,000,000 "units" consisting of one share of common stock and one warrant to purchase one share of common stock. A registration statement is expected to be filled in early May 1993, with the Securities and Exchange Commission. The company contemplates that the registration statement may also include the registration of up to 475,000 additional shares to be sold by Chauvin International Ltd., a company controlled by Morton Forshpan, principal stockholder and director of CAMI'Z Inc. The purpose of the offering is to provide capital for expansion of the factory outlet store chain for B.U.M. Equipment merchandise and to open additional factory "Super Stores." Manuel Marrero, chief financial officer, stated that: "The offering is expected to be consummated in early June 1993, after all regulatory approvals have been obtained." The offering will be made only by means of a prospectus.
 -0- 4/1/93
 /CONTACT: Troy D. Wiseman, VP of CAMI'Z, 312-380-1251/
 (CAMZ)


CO: CAMI'Z Inc. ST: California IN: TEX REA SU: OFR

BP-MS -- LA028 -- 2235 04/01/93 16:55 EST
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Publication:PR Newswire
Date:Apr 1, 1993
Words:203
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