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DAMARK INTERNATIONAL COMPLETES ACQUISITION OF COMB ASSETS FROM FINGERHUT COMPANIES

 MINNEAPOLIS, Sept. 7 /PRNewswire/ -- DAMARK International (NASDAQ: DMRK) announced today that it has completed the previously announced acquisition of the assets of Fingerhut's (NYSE: FHT) COMB Corporation subsidiary. COMB has approximately $100 million in annual revenues and a 1.3 million active customer list. Financial terms of the acquisition were not disclosed. The COMB sale will have no material effect on Fingerhut's 1993 revenues.
 Fingerhut Companies, Inc., is one of the nation's largest catalog marketing companies, and sells brand name and private label merchandise through direct mail and other media. The company had revenues of $1.6 billion in 1992, and employs approximately 8,500 people in Minnesota, Wisconsin and Tennessee.
 DAMARK International, Inc., is a leading national direct merchandiser of "great deals," offering brand name and other quality merchandise at value-oriented prices. For the twelve months ended Dec. 31, 1992, the company reported sales of $270 million.
 -0- 9/7/93
 /CONTACT: John Mackay or Marian Briggs, both of Padilla Speer Beardsley, 612-871-8877; Jim Tuller of DAMARK International, 612-531-0066; or Betty Bothereau of Fingerhut Companies, 612-936-5586/
 (FHT DMRK)


CO: DAMARK International, Inc.; Fingerhut Companies, Inc. ST: Minnesota IN: REA SU: TNM

KH-DS -- MN004 -- 9199 09/07/93 09:06 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
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