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NASDAQ to De-List Best Products Stock.

RICHMOND, Va.--(BUSINESS WIRE)--Nov. 27, 1996--Best Products Co., Inc. (NASDAQ:BESTQ) today said that The Nasdaq Stock Market has said it will de-list Best Products' stock effective with the opening of business, Friday, Nov. 29, 1996. The action comes as a result of the facts and circumstances of the company's bankruptcy proceeding.

Best Products said it will not appeal Nasdaq's decision.

Best Products, which commenced a Chapter 11 case under the U.S. Bankruptcy Code September 24, sold substantially all its store-related assets to an investment group November 19. Going-out-of-business sales are underway at the company's 169 stores and 11 Best Jewelry stores. Eighty-one stores are expected to close by the end of the year; the remainder will close during February.

CONTACT: Best Products Co., Inc., Richmond

Nora Crouch, 804/261-2179 (Financial Information) or

Ross Richardson, 804/261-2157 (Media)
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Publication:Business Wire
Date:Nov 27, 1996
Words:140
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