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CONTINUUM GROUP FILES FOR OFFERING

    CRANFORD, N.J., Aug. 13 /PRNewswire/ -- The Continuum Group, Inc. (OTC Electronic Bulletin Board: CNUU) announced that it has filed with the Securities and Exchange Commission a registration statement for a public offering of 800,000 units, each unit consisting of two shares of common stock and a warrant to purchase one share of common stock.  The common stock and the warrants will be immediately detachable and separately transferable.  The company will grant the underwriter a 45- day option to purchase up to an additional 120,000 units, for the purpose of covering over-allotments, if any.  The proposed offering will be underwritten by GKN Securities Corp.  Continuum will apply to list the units, the common stock and the warrants on the NASDAQ Small-Cap Market and the Boston Stock Exchange.
    The company acquires and produces recorded music and markets and distributes such recorded music on compact discs, cassettes and vinyl records under the Continuum label.
    A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.  Copies of the preliminary prospectus may be obtained from GKN Securities Corp., 61 Broadway, New York, N.Y. 10006, (telephone: 212-509-3800).
    -0-             08/13/93
    CONTACT:  Ted Weis of Continuum Group, Inc., 908-709-0011
    (CNUU) CO:  CONTINUUM GROUP, INC. IN:  ENT SU:  OFR ST:  NJ


-- NY060 -- X699 08/13/93
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Publication:PR Newswire
Date:Aug 13, 1993
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