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CONSO PRODUCTS COMPANY ANNOUNCES ENGAGEMENT OF INVESTMENT BANKER

UNION, S.C., March 8, 1996 /PRNewswire/ -- Conso Products Company (Nasdaq-NNM: CNSO) announced today that J. Cary Findlay, its Chairman and principal shareholder, has completed the sale of 600,000 shares of his Conso common stock in a registered secondary offering. The filing of the registration statement for the offering was previously announced on February 14, 1996.

Findlay continues to hold approximately 40.4% of the outstanding Conso shares.

In addition to the 600,000 shares sold by Findlay, the registration statement covered an aggregate of 86,000 shares held by the two executives of Conso's British Trimmings subsidiary, A.W. Laughton and C.V. Balakrishnan, of which 55,000 shares have now been sold. The remaining 31,000 shares included in the shelf registration are all held by Balakrishnan, and can be sold by him from time to time while the registration statement remains in effect, or thereafter under SEC Rule 144.

Conso Products Company is the world's largest producer and distributor of decorative trimmings for the home furnishings industry. Products include a full range of knitted and woven fringes, decorative cords, tasseled accessories, jacquard and other woven braids, as well as workroom supplies and decorative brassware and other accessory products.
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/CONTACT: J. Cary Findlay of Conso Products Company, 800-842-6676/

(CNSO)

CO: Conso Products Company ST: South Carolina IN: TEX SU: OFR

TL-CM -- CHF008 -- 1750 03/08/96 17:30 EST
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Publication:PR Newswire
Date:Mar 8, 1996
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