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PET FOOD WAREHOUSE, ACQUERRE II TO MERGE

 PET FOOD WAREHOUSE, ACQUERRE II TO MERGE
 MINNEAPOLIS, April 21 /PRNewswire/ -- Acquerre II Corporation and


Pet Food Warehouse (PFW) of Roseville, Minn., today announced the merger of PFW into Acquerre II. The company will continue to be listed on the local over-the-counter market as Acquerre II and do business as Pet Food Warehouse. In connection with the merger, Acquerre II issued 3.0 million shares of its common stock and warrants to purchase an additional 600,000 shares at $.50 per share in exchange for all of the outstanding stock of Pet Food Warehouse. Following the merger, Acquerre II will have 8.4 million shares of common stock outstanding plus warrants.
 PFW is a privately financed, Minnesota-based company organized in 1987. They operate retail pet food and supply "superstores" that sell over 200 standard and premium brands of dog, cat and other pet foods and several thousand other pet products and accessories, including leashes, cages, toys, over-the-counter medications and much more. Aquatic fish, displayed in a state-of-the-art aquarium system, are the only "livestock" sold. Starting with one small store in 1987, the company currently operates five stores averaging over 18,000 square feet each. Sales for 1991 exceeded $7 million.
 "This merger gives Pet Food Warehouse the cash and equity to grow more rapidly than we have in the past, open several new locations in the Twin Cities market, install a state-of-the-art inventory management system and more effectively market our products," said Greg Meyers, president of PFW.
 -0- 4/21/92
 /CONTACT: George Kline of Pet Food Warehouse, 612-344-1900/ CO: Pet Food Warehouse ST: Minnesota IN: REA SU: TNM


KH -- MN019 -- 0777 04/21/92 14:52 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:278
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