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P.C. RICHARD & SONS ANNOUNCES FILING OF AMENDMENT TO A REGISTRATION STATEMENT RELATING TO AN INITIAL PUBLIC OFFERING

 HAUPPAUGE, N.Y., July 16 /PRNewswire/ -- P.C. Richard & Son, Inc., today announced it has filed with the Securities and Exchange Commission an Amendment to a Registration Statement relating to an initial public offering of 2,500,000 shares of Common Stock. All of the shares are being sold by P.C. Richard & Son, Inc., with the proceeds to be used primarily to open new stores and expand or replace certain existing stores. The initial public offering price is anticipated to be between $17 and $19 per share. The manager of the proposed offering is PaineWebber Incorporated. The underwriters have an over-allotment option to purchase from A.J. Richard & Sons, Inc., P.C. Richard & Son, Inc.'s sole stockholder, up to an additional 375,000 shares. The shares are expected to be traded on the NASDAQ National Market System under the symbol "PCRI."
 P.C. Richard and Son, Inc., founded in 1909, is a leading retailer of home appliances, consumer electronics and home office products in the New York metropolitan area. The company currently operates 28 stores in Brooklyn and Queens and in Nassau and Suffolk counties.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Requests for copies of the Company's preliminary prospectus should be directed to PaineWebber Incorporated, 1285 Avenue of the Americas, New York, NY 10019, Attention: Syndicate Department.
 -0- 7/16/93
 /CONTACT: Marie Desroches of P.C. Richard & Son, Inc., 516-582-3800/


CO: P.C. Richard & Son, Inc. ST: New York IN: REA SU: OFR

SH -- NY027 -- 2462 07/16/93 12:19 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
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