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K-SWISS FILES PUBLIC OFFERING OF 1 MILLION SHARES OF CLASS A COMMON STOCK

 CHATSWORTH, Calif., May 7 /PRNewswire/ -- K-Swiss Inc. (NASDAQ: KSWS) today filed with the Securities and Exchange Commission a registration statement relating to a proposed public offering of 1 million shares of Class A common stock. Of the 1 million shares being offered, 100,000 shares are being offered by the company and 900,000 shares are being offered by a group of selling stockholders. In addition, the company and the selling stockholders have granted to the underwriters a 30-day option to purchase up to an additional 15,000 and 120,000 shares, respectively, for the purpose of covering over- allotments, if any. Proceeds to the company from the sale of its shares will be used for general corporate purposes, initially to repay borrowings under the company's revolving credit facility. The company will not receive any proceeds from the sale of shares by the selling stockholders. Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated will manage the offering.
 K-Swiss Inc. designs, develops and markets athletic footwear for high-performance sports use and fitness activities. The company presently offers footwear for court and nautical sports, hiking and walking.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 5/7/93
 /CONTACT: George Powlick, chief financial officer of K-Swiss Inc., 818-998-3388/
 (KSWS)


CO: K-Swiss Inc. ST: California IN: TEX SU: OFR

PS-TS -- NY024 -- 5856 05/07/93 10:23 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:317
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