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CROWN LABORATORIES ANNOUNCES REVERSE SPLIT

 RENO, Nev., Jan. 18 /PRNewswire/ -- Crown Laboratories Inc. (OTC Bulletin Board: CRWB) has announced a reverse split of the common stock in the amount 2.5 shares to 1 share effective Jan. 15, 1993. The trading symbol for the Electronic Bulletin Board for the company's stock is now "CRWB."
 Crown Laboratories Inc. has entered into a Letter of Intent with an investment banker, on a "best efforts" basis, for the raising of working capital in the amount of $2.5 to $3.5 million. No assurances can be given that such funds will be raised. The company is engaged in the manufacturing and distribution of adult nutritional products for healthcare.
 -0- 1/18/93
 /CONTACT: Scott Nash, president of Crown Laboratories, 702-826-3900/
 (CRWB)


CO: Crown Laboratories Inc. ST: Nevada IN: HEA SU:

GT-TM -- SF013 -- 6057 01/18/93 18:52 EST
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Publication:PR Newswire
Date:Jan 18, 1993
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