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PIC 'N' SAVE CORP. APPLIES TO LIST ON THE NEW YORK STOCK EXCHANGE

 PIC 'N' SAVE CORP. APPLIES TO LIST ON THE NEW YORK STOCK EXCHANGE
 DOMINGUEZ, Calif., May 14 /PRNewswire/ -- Pic 'N' Save Corp. (NASDAQ: PICN) announced today that it has filed an application to list its common stock on the New York Stock Exchange. It is expected that the stock will begin trading on the exchange sometime in June.
 "Listing on the New York Stock Exchange marks a significant milestone for Pic 'N' Save and highlights the potential growth of the company over the next decade," commented Len Williams, president and chief executive officer. "We believe that listing on the NYSE will broaden the liquidity of our stock by giving us access to the largest and most diverse investor base in the United States and abroad."
 Williams added that the company's stockholders will be asked at the June 10 annual meeting to approve a proposal to amend the company's certificate of incorporation to change the company's name to Mac Frugal's Bargains - Close-outs Inc. If approved, this will be the name used on the New York Stock Exchange.
 The company operates a chain of 193 retail stores in 12 states. These stores, which do business as Pic 'N' Save and Mac Frugal's Bargains - Close-outs, feature a wide variety of first quality general merchandise obtained through manufacturer close-outs, overruns, discontinued lines and packaging changes. An ever-changing assortment of merchandise is typically sold at 40 percent to 70 percent off regular retail prices.
 -0- 5/14/92
 /CONTACT: Eileen Hupp, assistant VP-marketing of Pic 'N' Save Corp., 310-761-4214/
 (PICN) CO: Pic 'N' Save Corp. ST: California IN: REA SU:


KJ-EH -- LA001 -- 0013 05/14/92 08:04 EDT
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Publication:PR Newswire
Date:May 14, 1992
Words:274
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