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MARGO NURSERY FARMS' MIAMI NURSERY DESTROYED BY HURRICANE ANDREW

 MARGO NURSERY FARMS' MIAMI NURSERY DESTROYED BY HURRICANE ANDREW
 MIAMI, Sept. 11 /PRNewswire/ -- On Aug. 24, 1992, Hurricane Andrew destroyed almost all of the Miami facilities of Margo Nursery Farms, Inc. (OTC) (the company). These facilities included the company's principal executive offices, warehouses, shadehouses and shipping area. Additionally, almost all of the company's inventory located at this facility was damaged or destroyed.
 While the company has not yet quantified the impact of the damage, the company believes that the damage sustained from Hurricane Andrew has had a material adverse effect on the company. However, the company believes that it has sufficient insurance coverage for most of the damage caused by the storm.
 The company plans to rebuild and restock its Miami facilities and has leased temporary office space located at 420 South Dixie Highway, Suite 4B, Coral Gables, FL 33146.
 The company's subsidiaries continue to operate normally in Puerto Rico, the Dominican Republic and the Netherlands.
 -0- 9/11/92
 /CONTACT: Alfred G. Smith of Margo Nursery Farms, 305-379-9147/ CO: Margo Nursery Farms, Inc. ST: Florida IN: SU:


AW-JB -- FL004 -- 8358 09/11/92 09:40 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
Words:187
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