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PRODUCERS RELEASING CORP. ANNOUNCES ACQUISITION OF MISTER CROC'S, LTD.

PRODUCERS RELEASING CORP. ANNOUNCES ACQUISITION OF MISTER CROC'S, LTD.
 SCOTTSDALE, Ariz., Feb. 4 /PRNewswire/ -- Producers Releasing Corp. (OTC: PREY) announces, at a special shareholders' meeting held Jan. 31, 1992, the approval of the acquisition of Mister Croc's, LTD in exchange for 10 million shares of Producers Releasing Corp. common stock. Mister Croc's is a company involved in assembly, sale and distribution of toys and other items.
 Shareholders also approved a name change. The new name of the company is Playtime Toys Inc. A reverse split affected the companies issued and outstanding common stock (including stock issued for acquisition): one new share in exchange for each 50 shares outstanding.
 The shareholders elected the following individuals, who constitute the board of directors:
 Sanford G. Kobrick
 Phillip Jorgenson
 Kelly P. Gordon
 -0- 2/4/92
 /CONTACT: Bob Poirier of Producers Releasing Corp., 602-948-2056/ CO: Producers Releasing Corp. ST: Arizona IN: SU: TNM


DM -- LA016 -- 6802 02/04/92 15:06 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 4, 1992
Words:158
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