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DAVSTAR INDUSTRIES REQUESTS TEMPORARY SUSPENSION OF TRADING IN ITS COMMON STOCK AND WARRANTS

 DAVSTAR INDUSTRIES REQUESTS TEMPORARY SUSPENSION
 OF TRADING IN ITS COMMON STOCK AND WARRANTS
 NEWPORT BEACH, Calif., Nov. 13 /PRNewswire/ -- Davstar Industries Ltd. (AMEX: DVS) announced today that it has requested temporary suspension of trading in its common stock and warrants on the American Stock Exchange pending investigation by the company of negative rumors which created an order imbalance, resulting in a decline in the market price of its securities. Davstar has determined that the rumors involve the alleged forthcoming publication of a negative news article in a national financial publication. Davstar has been in contact with the publication and has offered to fully cooperate with the publication in order to ensure the accuracy of any such article which may be in process. To the extent that any article which may be published contains inaccuracies, the company will promptly issue a response correcting any such inaccuracies and will take any other action that may be necessary or appropriate to protect the interest of Davstar and its shareholders.
 Please direct all inquiries to Roberta LeGendre, c/o Davstar Industries Ltd., One Newport Place, 1301 Dove St., Newport Beach, CA 92660 or call 714-852-8492.
 -0- 11/13/92
 /CONTACT: Roberta LeGendre of Davstar Industries, 714-852-8492/
 (DVS) CO: Davstar Industries Ltd. ST: California IN: MTC SU:


JB-EH -- LA030 -- 0818 11/13/92 15:47 EST
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Publication:PR Newswire
Date:Nov 13, 1992
Words:221
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