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DEROSE INDUSTRIES ANNOUNCES REMOVAL OF ITS STOCK FROM THE AMERICAN STOCK EXCHANGE

           DEROSE INDUSTRIES ANNOUNCES REMOVAL OF ITS STOCK
                  FROM THE AMERICAN STOCK EXCHANGE
    FORT WORTH, Texas, Jan. 21 /PRNewswire/ -- DeRose Industries, Inc., (AMEX: DRI) today announced that it is consenting to the removal of its common stock from the American Stock Exchange (AMEX).
    This action became necessary because DeRose Industries, Inc. no longer fully satisfies all the financial guidelines of the AMEX for continued listing.  The AMEX has advised DeRose Industries, Inc. that the last day for trading of DeRose Industries, Inc. common stock on the AMEX will be Friday, Jan. 31, 1992.
    DeRose Industries, Inc. expects that a market for its common stock will develop over-the-counter, following removal from the AMEX.
    -0-        1/21/92
    /CONTACT:  Rodney A. Christensen, vice president of DeRose Industries, 817-237-7205/
    (DRI) CO:  DeRose Industries, Inc. ST:  Texas IN: SU: SM -- NY122 -- 2050 01/21/92 16:37 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:143
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