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DIRECTORS APPROVE REVERSE SPLIT AND

 CALABASAS, Calif., /PRNewswire/ -- Lezak Group Inc., LZGR (NASDAQ Bulletin Board) announced today that it had reached a settlement with its preferred shareholder, that is the controlling shareholder. This settlement requires a reverse stock split of approximately 1 for 133, rather than the previously announced 1 for 100. It also calls for the reversing of the acquisition of the real estate previously acquired from that shareholder.
 Daniel Lezak, president, indicated that LZGR was delinquent in its payment of the note to the preferred shareholder and so as to move forward in the new transaction with Menahem Golan, this settlement was in the best interests of all parties. The return of the real property will also relieve the company of most of its liabilities. This transaction will also eliminate any relationship with Gerant Companies Inc., as well.
 Lezak then stated that Menahem Golan and Robert A. Hill were elected to the board of LZGR to serve with him in that capacity. This is after the resignation of Cheryl C. Lezak. The board also approved the proposal by Golan to borrow significant funds to aid in the film production endeavors.
 -0- 9/21/93
 /CONTACT: Daniel Lezak, 818-223-8807, or Menaham Golan, 310-914-0562/


CO: Lezak Group Inc. ST: California IN: ENT SU:

NY-JB -- LA013 -- 4265 09/21/93 15:03 EDT
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Publication:PR Newswire
Date:Sep 21, 1993
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