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EZCONY SIGNS EXPORT AGREEMENT WITH 3M

 MIAMI, March 15 /PRNewswire/ -- Ezcony International, the U.S. subsidiary of Ezcony Interamerica (NASDAQ: EZCOF), has signed an agreement with 3M -- Minnesota Mining and Manufacturing Company (NYSE: MMM) -- to market 3M products for export.
 Ezcony, an independent distributor of consumer electronics to Latin America, will export 3M's magnetic tape products including consumer and professional audio and video cassettes, computer diskettes and computer tape through its existing distribution channels throughout Latin America.
 "Our new agreement with 3M is the first important step in our plan to expand beyond our already significant consumer electronics product line in our efforts to take full advantage of our marketing and distribution capabilities in Latin America," said Ezra M. Cohen, president and chief executive officer of Ezcony.
 Ezcony is one of the largest distributors of consumer electronics to Latin America, and handles the Sony, Pioneer and AIWA product lines of audio and video equipment. In addition, Ezcony markets its own private brand of consumer electronics, called ELTEC.
 The company has direct distribution to more than 15 countries throughout South America, Central America and the Caribbean. Net sales volume during 1992 exceeded $111 million.
 -0- 3/15/93
 /CONTACT: Robert Kneeley of Robert Kneeley & Co., 305-739-7121, for Ezcony International/
 (EZCOF MMM)


CO: Ezcony International; Minnesota Mining and Manufacturing Company ST: Florida, Minnesota IN: CPR HOU SU:

AW-JB -- FL011 -- 5968 03/15/93 10:55 EST
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Publication:PR Newswire
Date:Mar 15, 1993
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