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PARTNERS FINANCIAL GROUP ANNOUNCES SIGNING OF LETTER OF INTENT WITH AUTOMATED VENDING OF AMERICA

 PARTNERS FINANCIAL GROUP ANNOUNCES SIGNING
 OF LETTER OF INTENT WITH AUTOMATED VENDING OF AMERICA
 SAN DIEGO, Nov. 25 /PRNewswire/ -- Partners Financial Group Inc. today announced the signing of a letter of intent with Automated Vending of America Inc., a California corporation, for a possible business combination. Automated Vending of America is in the business of high-tech vending machines for such products as business cards, hot fresh French fires, and peeled oranges and grapefruits. The company has been test marketing come of these concepts within the $25 billion vending industry with positive results.
 Partners Financial Group said it hopes to consummate a transaction with Automated Vending of America within the next two weeks at which time the terms of the transaction will be definitive.
 -0- 11/25/91
 /CONTACT: James S. Ross of Partners Financial Group, 619-695-1333/ CO: Partners Financial Group; Automated Vending of America Inc. ST: California IN: FIN SU:


AL-KJ -- SD002 -- 6842 11/25/91 12:18 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 25, 1991
Words:159
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