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FLORAFAX INTERNATIONAL, INC. ANNOUNCES RESIGNATION OF PRESIDENT

 TULSA, Okla., Nov. 20 ~PRNewswire~ -- Florafax International, Inc. (NASDAQ: FIIF), a NASDAQ listed company, today announced the resignation of Mr. Floyd Cox Jr. as president, chief executive officer and chairman of the board of directors. Mr. Cox has also withdrawn his name from consideration for re-election as a director at the company's annual meeting. Mr. Cox has agreed to serve as a consultant to the company for one year and has further agreed to certain restrictions on competitive activities in the future.
 The company is currently negotiating with a successor to replace Mr. Cox as president and chief executive officer and expects to conclude those negotiations expeditiously. Pending these negotiations, Mr. Andrew W. Williams, a director of the company, has agreed to serve as interim chief executive officer and chairman.
 Florafax is headquartered in Tulsa and provides a nationwide floral wire service and related services to its member florists as well as full service credit card processing for thousands of U.S. businesses and professionals.
 -0- 11~20~92
 ~CONTACT: Ronald W. Fore of Florafax International, Inc., 918-622-8415~
 (FIIF)


CO: Florafax International, Inc. ST: Oklahoma IN: SU: PER

AH-OS -- NY049 -- 3519 11~20~92 16:17 EST
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Publication:PR Newswire
Date:Nov 20, 1992
Words:197
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