DALLAS GOLD AND SILVER EXCHANGE INC. ANNOUNCES AGREEMENT TO ACQUIRE MINORITY INTEREST IN NATURADE INC.
DALLAS, April 29 /PRNewswire/ -- Dallas Gold & Silver Exchange Inc. (AMEX: DLS.EC) announced today that it has reached an agreement to acquire 6 percent of the issued and outstanding shares of Naturade Inc. DLS said that the acquisition was part of its plan to diversify its assets and increase its minority participation in a number of unique and attractive businesses. Naturade Inc. is a well-known 65-year-old manufacturer and distributor of health and beauty products. Management explained that the acquisition is part of the company's program to enhance shareholder value by nurturing outside investments in outstanding enterprises with a view toward producing assets which can be distributed to its shareholders. Management said that Naturade Inc. is a newly public corporation which is enjoying solid operating performance and virtually no market visibility. Management is confident that over time Naturade Inc. will develop a following in the financial community commensurate with its results and its long and highly regarded history in a unique market. Management said that it expects to add to its portfolio of outside interests in transactions which minimize risk exposure for the company and have substantial upside potential. -0- 4/29/93 /CONTACT: William Oyster, president of Dallas Gold & Silver Exchange, 800-527-5308/ (DLS)
CO: Dallas Gold & Silver Exchange Inc.; Naturade Inc. ST: Texas IN: HOU SU: TNM
KJ-EH -- LA004 -- 2588 04/29/93 11:00 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Apr 29, 1993|
|Previous Article:||SALEM CORPORATION ANNOUNCES INTERIM STIPULATION OF SETTLEMENT|
|Next Article:||AETNA FOUNDATION, INC. FUNDS MOBILE IMMUNIZATION UNIT|