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LETTER OF INTENT EXPIRES

 CARSON, Calif., Aug. 3 /PRNewswire/ -- Dynasty Classics Corp. (NASDAQ: DNST) announced today the expiration of a letter of intent to merge Dynasty into a subsidiary of Catalina.
 Craig Winn, chairman and chief executive officer, of Dynasty Classics, stated, "Although we met all day yesterday, we were not able to reach a definitive agreement to merge the companies. The letter of intent expired at 8 p.m. PDT on Aug. 2, 1993." Winn also commented, "While we presently do not have any meetings scheduled with Catalina regarding this merger, the company will explore its options with other interested parties that we were prohibited from talking with under the terms of the letter of intent."
 Dynasty Classics' designs and produces lighting products, home decor and Christmas items for distribution through leading retail channels including home centers, major national retailers, discount mass merchants and warehouse clubs.
 -0- 8/3/93
 /CONTACT: Michael J. Simmons, executive VP of Dynasty Classics, 310-834-3637/
 (DNST)


CO: Dynasty Classics Corp.; Catalina ST: California IN: HOU SU: TNM

JB-EH -- LA016 -- 8859 08/03/93 11:25 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:178
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