INTERMARK ELECTS NOT TO MAKE INTEREST PAYMENT
INTERMARK ELECTS NOT TO MAKE INTEREST PAYMENT LA JOLLA, Calif., Oct. 15 /PRNewswire/ -- Intermark Inc.
(AMEX: IMI) announced today that it would not make a $2.2 million semi-annual interest payment on its 7 3/8 percent Convertible Subordinated Debentures which is due on Oct. 15, 1992.
Intermark and its wholly owned subsidiary Triton Group Ltd. continue to negotiate with committees representing Intermark and Triton bondholders in an effort to reach agreement on plans of reorganization for the two companies. -0- 10/15/92 /CONTACT: John C. Stiska, president, or Michael M. Earley, senior VP and CFO, of Intermark, 619-456-1000/ (IMI) CO: Intermark Inc. ST: California IN: MTC SU:
JL -- SD001 -- 0455 10/15/92 12:57 EDT
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|Date:||Oct 15, 1992|
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