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NUTMEG INDUSTRIES SAYS IT CANNOT ACCOUNT FOR 'UNUSUAL' STOCK ACTIVITY

NUTMEG INDUSTRIES SAYS IT CANNOT ACCOUNT FOR 'UNUSUAL' STOCK ACTIVITY
 TAMPA, Fla., June 23 /PRNewswire/ -- In view of the unusual market activity in Nutmeg Industries, Inc. stock (NYSE: NTM), the New York Stock Exchange has contacted the company and requested that the company issue a public statement indicating whether there are any corporate developments which may explain the unusual activity.
 The company is unaware of any corporate developments to account for the unusual activity.
 Nutmeg designs, manufactures and markets high-quality sportswear. Nutmeg is licensed by the four major U.S. professional sports organizations -- Major League Baseball, the National Basketball Association, the National Football League and the National Hockey League -- most major colleges and universities, ABC Sports and other licensors to use team logos, names and other graphics on a wide variety of apparel.
 -0- 6/23/92
 /CONTACT: George N. Derhofer, senior vice president and chief financial officer of Nutmeg Industries, Inc., 813-247-6044/
 (NTM) CO: Nutmeg Industries, Inc. ST: Florida IN: TEX SU:


SS-XX -- FL005 -- 2718 06/23/92 09:32 EDT
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Publication:PR Newswire
Date:Jun 23, 1992
Words:172
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