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EZCONY INTERAMERICA FILES OFFERING WITH THE SECURITIES & EXCHANGE COMMISSION

 EZCONY INTERAMERICA FILES OFFERING
 WITH THE SECURITIES & EXCHANGE COMMISSION
 MIAMI, May 21 /PRNewswire/ -- Ezcony Interamerica Inc. has filed a registration statement with the Securities and Exchange Commission relating to its initial public offering of 1,500,000 common shares to be offered at an estimated initial price of $7.00 and $9.00 per share. All of the shares are being sold by the company. Approximately 4,500,000 will be outstanding after the offering. First Equity Corporation of Florida is acting as sole manager for the offering.
 Ezcony is a leading distributor to Latin America of major brand consumer electronics, including Sony, AIWA and Pioneer. Ezcony also distributes its own brand of consumer electronics under the name Eltec. The company intends to use the proceeds of the offering to repay bank debt, for the construction of office and warehouse facilities, for working capital and for general corporate purposes. Ezcony has offices in Miami and in Colon, Panama.
 The registration statement relating to these securities has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the effectiveness of the registration statement.
 -0- 5/21/92
 /CONTACT: Marco Gateno of Ezcony Interamerica, 305-599-1352/ CO: Ezcony Interamerica ST: Florida IN: HOU SU: OFR


AW-JB -- FL007 -- 3055 05/21/92 16:45 EDT
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Publication:PR Newswire
Date:May 21, 1992
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