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ERO ANNOUNCES NEW PRESIDENT

 MOUNT PROSPECT, Ill., Oct. 20 /PRNewswire/ -- ERO, Inc. (NASDAQ: EROI) today announced the appointment of D. Richard Ryan Jr. as president and chief executive officer, effective Nov. 1. Ryan replaces Robert J. Lipsig, who will continue to serve as chairman of the board until the company's annual meeting in April, at which time Ryan will be nominated as chairman. Lipsig has entered into a three year consulting agreement with ERO and will continue to serve as a member of its board.
 Ryan's background includes chief executive officer positions at Dansk International Designs, Ltd., and Gorham Silver, both tabletop products companies; Marley Holdings, a group of housewares businesses that included Salton, Inc.; and president of General Housewares Corp., a mass market manufacturer of cookware.
 Robert J. Lipsig, chairman of the board, stated "With ERO's growth opportunities over the next few years, we welcome Dick Ryan. His perspective on consumer products in all channels of retail distribution will further enhance ERO's ability to penetrate new markets."
 Ryan has entered into a three year employment agreement. As part of the terms of Ryan's employment, the company granted him options to acquire up to 540,000 shares of the company's common stock at fair market value on the date of grant. These options will be subject to time vesting and/or the occurrence of certain events.
 ERO, Inc., is a leading marketer of exclusive consumer leisure products. The company manufactures and imports the following principal product lines: slumber products, including indoor sleeping bags and play tents; water sports products including flotation devices and swim accessories; back-to-school products, including backpacks and school bags; sport bags; soft-sided coolers; and room decorations. ERO's products are sold to all major mass merchandisers.
 -0- 10/20/93
 /CONTACT: William A. Klettke, executive vice president of ERO, Inc., 708-803-9200, ext. 351./
 (EROI)


CO: ERO, Inc. ST: Illinois IN: LEI HOU SU: PER

LD -- NY115 -- 4861 10/20/93 18:57 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
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