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MATTHEWS COMPLETES ACQUISITION OF THE BUSINESS ASSETS OF J & L SERVICE INC.

 BURBANK, Calif., July 7 /PRNewswire/ -- Matthews Studio Equipment Group (NASDAQ: MATT) announced that its rental subsidiary, Hollywood Rental Co. Inc., has completed its purchase for the sum of $550,000 cash, of substantially all of the grip and lighting production rental equipment and business assets of J & L Service Inc.
 The purchase from J & L Service, debtor-in-possession in a Chapter 11 proceeding in the United States District Court for the Central District of California, was pursuant to the court's (Judge Calvin Ashland, presiding) order approving the sale which became final July 6, 1993.
 J & L Service used to be a rental supplier to the film and television production industry in Southern California and Hawaii, with emphasis on the production of commercials.
 Matthews Studio Equipment Group designs, manufactures, sells and rents grip, camera and lighting support equipment for the film, television, commercial photography and theatrical production industries worldwide. In addition, the company designs, manufactures and rents its proprietary electromechanical Cam-Remote(R) Systems.
 -0- 7/7/93
 /CONTACT: Gregory Moiseeff or Neil Kaplan of Matthews Studio Equipment Group, 818-843-6715/
 (MATT)


CO: Matthews Studio Equipment Group; Hollywood Rental Co. Inc.;
 J & L Service Inc. ST: California IN: ENT CPR SU: TNM


BP-MF -- LA003 -- 8921 07/07/93 08:31 EDT
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Publication:PR Newswire
Date:Jul 7, 1993
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