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INTERMARK INC. AND TRITON GROUP LTD. DISCLOSURE STATEMENT DISTRIBUTED TO CREDITORS

 SAN DIEGO, April 16 /PRNewswire/ -- Intermark Inc. (AMEX: IMI) and its wholly owned subsidiary Triton Group Ltd. today announced that they have commenced distribution of their Disclosure Statement and Plan of Reorganization to their creditors and shareholders. The Plan and Disclosure Statement previously were approved for distribution by the U.S. Bankruptcy Court (Southern District of California -- San Diego). The distribution will be completed by the end of the day on Monday, April 19, 1993.
 This plan is being jointly proposed by Intermark, Triton, and the separate Official Creditors Committees of both companies, all of whom recommend approval of the Plan.
 Creditors and shareholders have until May 21, 1993 to cast votes to accept or reject the Plan. A hearing to confirm the Plan has been scheduled for June 4, 1993 in San Diego before the Honorable Peter W. Bowie, United States Bankruptcy Judge. If the Plan is confirmed, creditors and shareholders will receive distributions thereafter in accordance with the terms of the Plan.
 As announced earlier on Oct. 19, 1992, Intermark and Triton filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code, after agreeing in principle on terms of the reorganization with unofficial committees representing their major bondholders.
 -0- 4/16/93
 /CONTACT: John C. Stiska, president of Intermark, 619-231-1818/
 (IMI)


CO: Intermark Inc.; Triton Group Ltd. ST: California IN: SU: BCY

LS -- SD001 -- 6926 04/16/93 16:28 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
Words:237
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