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ONE OF BEAVER COUNTY'S OLDEST BUSINESSES TO CLOSE

 ALIQUIPPA, Pa., July 1 /PRNewswire/ -- After serving Beaver County for more than 80 years, the P.M. Moore Company of Aliquippa will be closing soon, it was announced today.
 After a brief inventory liquidation sale to be held Friday, Saturday and Monday, the company will likely close its doors forever.
 Pittsburgh attorney Robert S. Bernstein has been designated as the assignee for the benefit of creditors and charged with responsibility of selling or liquidating the business. Bernstein's appointment was confirmed last week by Judge Joseph S. Walko of the Court of Common Pleas of Beaver County. "As a representative of creditors and shareholders, my job is to sell or liquidate the company in the fashion likely to bring the most dollars. After the sale of all of the assets, I will distribute the funds to the company's creditors and shareholders."
 The company continues to be owned by descendants of P.M. Moore who founded the company in Aliquippa in 1912. The company has been a concrete, lumber and hardware supplier to Beaver County and surrounding areas since that time. "Unfortunately, business, economic and competitive factors simply converged to make the company unprofitable even though the company tried to reverse the trend," said Bernstein.
 The company's lumber yard and home center on Hospital Drive in Aliquippa will conduct a pre-closing sale on Thursday, Friday and Monday, July 2, 3 and 5. After that the store will close. Moore's concrete plant in Aliquippa and Chippewa lumber yard have already been closed.
 In addition to the lumber yard and concrete facilities, the company's real estate holdings throughout Beaver County will also be sold, according to Bernstein.
 Bernstein is the managing partner of Pittsburgh's Bernstein and Bernstein, P.C., a law firm concentrating its practice in credit, collections, bankruptcy and real estate matters. Bernstein has been certified as a business bankruptcy specialist and as a creditors' rights specialist by the Commercial Law League of America Academy of Commercial and Bankruptcy Law Specialists.
 -0- 7/1/93
 /CONTACT: Robert S. Bernstein of Bernstein and Bernstein, 412-456-8101, or 412-375-7721/


CO: P.M. Moore Company; Bernstein and Bernstein, P.C. ST: Pennsylvania IN: CST SU:

KC-CD -- PG014 -- 7755 07/01/93 12:54 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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