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MILAN INTERNATIONAL ANNOUNCES LETTER OF INTENT WITH PIT STOP AUTO

 MILAN INTERNATIONAL ANNOUNCES LETTER OF INTENT WITH PIT STOP AUTO
 RIVER VALE, N.J., Dec. 23 /PRNewswire/ -- Milan International, Ltd., majority owner of the stock of Leona Enterprises, Inc. (NASDAQ: LNAE), today announced that it has entered into a letter of intent with Pit Stop Auto Centers, Inc. (NASDAQ: PSAC) to purchase sufficient shares of the common stock of Pit Stop Auto Centers, Inc. to become the beneficial owner of fifty one (51 percent) of its outstanding common stock.
 Milan has agreed to pay $300,000 to Pitstop for such stock. Finalization of the terms and conditions of the agreement and closing of the transaction are scheduled to occur by Dec. 31, 1991.
 -0- 12/23/91
 /CONTACT: Joseph Mazzo president of Milan International, Ltd., 201-666-3330/ CO: Milan International, Ltd.; Pit Stop Auto Centers, Inc. ST: New Jersey IN: AUT SU:


KD-KW -- NY063 -- 4903 12/23/91 15:01 EST
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Publication:PR Newswire
Date:Dec 23, 1991
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