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CENTRAL HOLDING COMPANY COMPLETES SALE OF RED CARPET KEIM

 CENTRAL HOLDING COMPANY COMPLETES SALE OF RED CARPET KEIM
 MOUNT CLEMENS, Mich., Oct. 6 /PRNewswire/ -- Central Holding Company (NASDAQ-NMS: CHOL) announced that its wholly owned subsidiary, Central Venture Corporation, has completed the sale of The Keim Group, Ltd. to Prime Broker Investment, Inc. The Keim Group, Ltd., through its wholly owned subsidiary, Red Carpet Keim Licensing Company, franchises Red Carpet Keim real estate offices throughout the state of Michigan.
 Additionally, Central Venture Corporation sold the assets of Guardian Home Warranty Corporation to P.I.B., Inc. Guardian Home Warranty Corporation offers home warranty protection on homes listed or sold through Red Carpet Keim real estate offices. Terms of the transaction were not disclosed. Each Red Carpet Keim real estate office is independently owned and operated.
 -0- 10/6/92
 /CONTACT: Margaret S. Makela or Robert N. Shuster of Central Holding Company, 313-792-7000/
 (CHOL) CO: Central Holding Company; The Keim Group, Ltd.; Central Venture
 Corporation; Prime Broker Investment, Inc. ST: Michigan IN: FIN SU: TNM


KE -- DE024 -- 7229 10/06/92 16:34 EDT
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Publication:PR Newswire
Date:Oct 6, 1992
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