CELEBRITY, INC. AGREES TO TERMINATE LETTER OF INTENT TO ACQUIRE ALDIK ARTIFICIAL FLOWER CO., INC.
TYLER, Texas, Dec. 7 /PRNewswire/ -- Celebrity, Inc. (NASDAQ-NMS: FLWR) today announced that it has agreed to terminate the letter of intent regarding its acquisition of Aldik Artificial Flower Co., Inc. of Valencia, Calif. The parties mutually agreed to the termination due to matters that arose during the negotiations regarding the proposed transaction. Celebrity is one of the largest suppliers of high-quality artificial flowers, foliage and flowering bushes to craft store chains, other retailers and wholesale florists. -0- 12/7/93 /CONTACT: Robert H. Patterson Jr., chairman of the board, or James R. Thompson, vice president-Finance of Celebrity, Inc, 903-561-3981/ (FLWR)
CO: Celebrity, Inc.; Aldik Artificial Flower Co., Inc. ST: Texas, California IN: SU:
CK -- NY102 -- 1493 12/07/93 18:49 EST
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|Date:||Dec 7, 1993|
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