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ESKIMO PIE CORPORATION AUTHORIZED TO REPURCHASE STOCK

 RICHMOND, Va., Nov. 5 /PRNewswire/ -- Eskimo Pie Corporation (NASDAQ-NMS: EPIE) today announced the recent authorization by its board of directors to repurchase up to an additional 100,000 shares of the company's common stock from time to time in the open market. The company indicated that shares repurchased under this authorization will be used in connection with the company's employee benefit plans and for other general corporate purposes. This brings the total number of shares that the company is authorized to repurchase to 150,000, including the 50,000 shares which the company was authorized to repurchase in February of this year.
 The company also indicated that it had repurchased a total of 66,000 shares in recent days, resulting in a reduction in the number of its outstanding shares from 3,616,487 to 3,550,487. The company anticipates that additional repurchases will be made periodically under this authorization over the next several years.
 Eskimo Pie Corporation, headquartered in Richmond, created the frozen novelty industry is 1921 with the invention of the ESKIMO PIE ice cream bar. The company markets a broad range of frozen novelties throughout the United States under the ESKIMO PIE, SUGAR FREEDOM ESKIMO PIE, Welch's, Tootsie Pops, and 7-UP brand names through a national network of licensed manufacturers.
 -0- 11/5/93
 /CONTACT: J.L. Cheatham of Eskimo Pie, 804-560-8446/
 (EPIE)


CO: Eskimo Pie Corporation ST: Virginia IN: FOD SU:

KD-IH -- DC024 -- 1362 11/05/93 16:25 EST
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Publication:PR Newswire
Date:Nov 5, 1993
Words:245
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