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MARGO NURSERY FARMS SETTLES BENLATE CLAIMS WITH E.I. DuPONT DE NEMOURS AND COMPANY

 MARGO NURSERY FARMS SETTLES BENLATE CLAIMS
 WITH E.I. DuPONT DE NEMOURS AND COMPANY
 MIAMI, Sept. 14 /PRNewswire/ -- Margo Nursery Farms, Inc. (OTC) and two of its subsidiaries, Margo Farms Del Caribe, Inc. and Cariplant, S.A., (Margo) have entered into a series of agreements with E.I. du Pont de Nemours and Company (DuPont) settling claims from use of the fungicide Benlate. Under the agreements, Margo has received payments in exchange for releases of its outstanding claims and termination of litigation against DuPont.
 The payments received from DuPont will have a materially beneficial impact on the financial position of Margo. Management believes the payments adequately compensate Margo for losses Margo sustained as a result of the use of Benlate.
 -0- 9/14/92
 /CONTACT: Alfred G. Smith of Margo Nursery Farms, 305-379-9147/ CO: Margo Nursery Farms Inc.; E.I. DuPont De Nemours and Company ST: Florida IN: CHM SU:


JB-AW -- FL011 -- 9163 09/14/92 12:31 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
Words:159
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