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RADIX ANNOUNCES STEPHENS GROUP BECOMES LIMITED PARTNER

 NEW YORK, Feb. 1 /PRNewswire/ -- Radix Ventures, Inc. (RVI) announced today that it has signed an agreement with Stephens Group, Inc., pursuant to which Radix's wholly owned subsidiary, Radix Group International (RGI) and Stephens would form a limited partnership to continue all the current business activities of RGI and its subsidiaries.
 RGI will be the sole general partner with full authority to operate the business, and Stephens will be the sole limited partner.
 In connection with the transaction, management of RGI intends to take RVI private and merge RVI into RGI. The closing of the transaction is subject to the approval of the shareholders of RVI, the consummation of the "going private" transaction, and receipt of consents and approvals from third parties, including the government agencies with which RGI is licensed. It is anticipated that the closing will take place within approximately 90 days.
 John Radziwill, president of RVI, said: "This new association with Stephens provides capital that will enable us to retire existing debentures and create opportunities for future growth."
 RVI, through its wholly owned subsidiaries, is an integrated customs broker and international air and ocean freight forwarder with 25 offices throughout the United States and arrangements with agents in approximately 60 countries.
 Stephens Group, Inc., owned by the Stephens family of Little Rock, Ark., is an affiliate of Stephens Inc., a leading investment bank, and has significant stakes in other businesses.
 -0- 2/1/93
 /CONTACT: Pierre Schoenheimer, chairman of Radix Ventures, Inc., 212-697-9141/


CO: Radix Ventures, Inc. ST: New York IN: SU: ERN

SM-TS -- NY017 -- 1203 02/01/93 09:17 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:265
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