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MEGAFOODS STORES INC. ANNOUNCES THE ACQUISITION OF TWO EXISTING FOOD 4 LESS STORES IN LAS VEGAS FROM FLEMING COMPANIES

 MEGAFOODS STORES INC. ANNOUNCES THE ACQUISITION OF TWO EXISTING
 FOOD 4 LESS STORES IN LAS VEGAS FROM FLEMING COMPANIES
 MESA, Ariz., Aug. 20 /PRNewswire/ -- Megafoods Stores Inc. (NASDAQ: MEGF) today announced an agreement in principle with Fleming Companies (NYSE: FLM) of Oklahoma City to acquire all assets of the two existing Food 4 Less grocery outlets located in Las Vegas.
 Chief Executive Officer Dean Miller stated that this would give Megafoods two additional stores in the Las Vegas market along with the company's Henderson, Nev. location. All three stores are scheduled to open this fall.
 Megafoods will be the only price impact operator in the Las Vegas market. Miller stated that Megafoods has plans to open an additional three stores in Las Vegas over the next 12 to 15 months for a total of six stores in this market. Six stores will give Megafoods the efficiencies it needs in the Las Vegas market, Miller stated.
 -0- 8/20/92
 /CONTACT: Dean Miller, CEO of Megafoods Stores, 619-431-7213/
 (MEGF FLM) CO: Megafoods Stores Inc.; Fleming Companies ST: Arizona, Nevada IN: REA SU: TNM


KJ-LS -- LA006 -- 1589 08/20/92 09:01 EDT
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Publication:PR Newswire
Date:Aug 20, 1992
Words:191
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