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CONSTON ISSUES ANNOUNCEMENT

 CONSTON ISSUES ANNOUNCEMENT
 PHILADELPHIA, March 2 /PRNewswire/ -- Conston Corporation


(AMEX: KCS) said today it learned late on Feb. 27 that the Bankruptcy Court in Florida presiding over the Cascade International, Inc. (NASDAQ: KOSM) bankruptcy proceedings has rescinded the transaction between Conston and Cascade in which $7.5 million of debt of Conston to Cascade was exchanged for 10 million shares of Conston stock.
 This was the transaction approval of which was given at the Sept. 5, 1991, meeting of shareholders. The transaction was rescinded at the initiative of the Bank of Scotland, which claimed that its rights were infringed by the debt for stock exchange.
 The precise manner in which the rescission of the transaction will be implemented remains to be worked out. Conston said it is studying the available courses of action.
 /delval/
 -0- 3/2/92
 /CONTACT: Ira Quint, president and CEO of Conston, 215-492-9700/
 (KCS KOSM) CO: Conston Corporation; Cascade International, Inc. ST: Pennsylvania, Florida IN: REA SU:


MK-CC -- PH037 -- 4204 03/02/92 17:32 EST
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Publication:PR Newswire
Date:Mar 2, 1992
Words:170
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