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MASCOTT FILES WITH SEC FOR UNIT OFFERING

 MASCOTT FILES WITH SEC FOR UNIT OFFERING
 LIVINGSTON, N.J., Oct. 28 /PRNewswire/ -- Mascott Corporation


(NASDAQ: DINE) today announced that it has filed with the Securities and Exchange Commission a registration statement covering 1,250,000 units to be sold by the company. Each unit will consist of 2 shares of common stock and 2 redeemable common stock purchase warrants.
 The offering will be underwritten by F.N. Wolf & Co., Inc. Proceeds from the offering will be used for the development and expansion of the company's Willie Mays Chicken operations, for the further expansion of the company's Cinnabon bakery operations, for the repayment of indebtedness to Richard Gillman, the chairman of the board of the company, and for working capital.
 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 notice shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by 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.
 Mascott Corporation currently owns and operates 11 Cinnabon bakery- franchises and three Willie Mays Chicken establishments in regional shopping malls, as well as two full-service restaurants, Markers Restaurant & Bar located in Jersey City, N.J., and Markers Italian Grille located in Somers Point, N.J.
 -0- 10/28/92
 /CONTACT: Scott M. Gillman, chief executive officer of Mascott, 201-535-1000/
 (DINE) CO: Mascott Corporation ST: New Jersey IN: LEI SU:


AH-PS -- NY054 -- 5945 10/28/92 11:35 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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