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CONSTON ISSUES ANNOUNCEMENT CONCERNING CASCADE INTERNATIONAL

    CONSTON ISSUES ANNOUNCEMENT CONCERNING CASCADE INTERNATIONAL
    PHILADELPHIA, Nov. 21 /PRNewswire/ -- Conston Corporation (AMEX: KCS) today announced that Cascade International, Inc., its majority shareholder and the principal source of its financing, has advised that it would not be able to continue to provide Conston with financing.
    Ira Quint, president and chief executive officer of Conston, stated, "Based upon current projections, we expect sales to provide sufficient funds to carry on current operations through the Christmas season and to complete the plan of reorganization.  However, we will need a substitute source of financing to fund future operations.  To that end, management has been authorized to explore all strategic alternatives."
    At a meeting of the board of directors held today, George Duberson, a director of Cascade, was elected a director of Conston, replacing Victor G. Incendy as a member of Conston's board of directors.
    Conston Corporation is a specialty retailer of women's ready-to-wear clothing, operating its large size divisions (225 stores) under the names "14 Plus" and "16 Plus."
    /delval/
    -0-                        11/21/91
    /CONTACT:  Ira Quint, president and CEO of Conston, 215-492-9700/
    (KCS) CO:  Conston Corporation ST:  Pennsylvania IN:  REA SU: MP-KA -- PH047 -- 6045 11/21/91 16:13 EST
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Publication:PR Newswire
Date:Nov 21, 1991
Words:198
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