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DISCOVERY ZONE, INC. DECLARES TWO-FOR-ONE STOCK SPLIT

 CHICAGO, Aug. 11 /PRNewswire/ -- The board of directors of Discovery Zone, Inc. (NASDAQ: ZONE) today announced a two-for-one stock split of the company's common stock in the form of a 100 percent stock dividend. Each stockholder of record on Aug. 23, 1993 will receive one additional share of common stock for each share held on that date. The distribution date for the new shares will be Sept. 1, 1993. The company had approximately 17.8 million shares of common stock outstanding as of July 31, 1993. The stock split will increase the number of outstanding shares of common stock to approximately 35.6 million.
 Donald F. Flynn, chairman and chief executive officer of the company, said he was "pleased to announce the stock split" and that "the increase in the number of outstanding shares should increase our stockholder base and the liquidity of Discovery Zone's stock."
 The company is the nation's largest owner, operator and franchisor of children's indoor playgrounds ("FunCenters"). Discovery Zone FunCenters feature a distinct play zone comprised of a series of tubes, slides, ball bins, climbing mountains, air and water trampolines, obstacle courses, ramps, stairs and other devices for crawling, jumping, running, swinging and climbing. Discovery Zone FunCenters also include a separate play zone for smaller children, an open play area for infants and toddlers, a game room, party rooms, food service area, retail sales area and a parents' room.
 -0- 8/11/93
 /CONTACT: Robert D. Mitchum of Discovery Zone, Inc., 312-616-3800/
 (ZONE)


CO: Discovery Zone, Inc. ST: Illinois IN: LEI SU: DIV

BM -- CL014 -- 1712 08/11/93 13:01 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
Words:266
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