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DOLLAR TIME GROUP REPORTS FLORIDA EXPANSION

 MIAMI, March 10 /PRNewswire/ -- Dollar Time Group, Inc. (NASDAQ: DLRT) today reported that it opened an 8,500-square-foot super store in Davie, Fla. The company which presently operates 35 stores in 12 states intends to open approximately 25 additional stores by March 1994. Financing for the existing and proposed store openings has been generated from equity private placements of approximately $3 million, a bank loan of $1 million since repaid and the private sale of $5,750,000 of subordinated convertible debentures. Gerald L. Cohn and Robert I. Green, residents of Turnberry Isle, Fla., participated in a portion of the debt and equity financings. The company has also entered into a revolving credit-line with The Sterling National Bank & Trust Co. of New York for $1,500,000.
 Dollar Time Group, Inc., a leading operator of retail close-out variety stores where all items are priced at $1, operates 35 retail locations in 12 states. The company's stores offer a constantly changing variety of brand name and generic products, including health and beauty aids, toys, housewares, jewelry, books, candy and snacks, hardware, stationery, novelties and pet supplies.
 -0- 3/10/93
 /CONTACT: Gary Kaminsky of Dollar Time Group, Inc., 305-770-0605/
 (DLRT)


CO: Dollar Time Group, Inc. ST: Florida IN: REA SU:

SS-AW -- FL001 -- 4819 03/10/93 09:04 EST
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Publication:PR Newswire
Date:Mar 10, 1993
Words:218
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