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SHOWCASE COSMETICS, INC. ENTERS INTO LETTER OF INTENT

 SHOWCASE COSMETICS, INC. ENTERS INTO LETTER OF INTENT
 OCEANSIDE, N.Y., Oct. 16 /PRNewswire/ -- Mr. Alan R. Steiner,


president of Showcase Cosmetics, Inc. ("Showcase") (NASDAQ: LIPSA) today announced that Showcase has entered into a letter of intent to acquire Mark Correctional Systems, Inc. ("Mark"), formerly Carna, Inc.
 The Letter of Intent, which is not binding upon the parties and which is subject to a definitive acquisition agreement and requisite corporate approvals, contemplates that Showcase will issue one share of its authorized class A common stock for each outstanding share of Mark's common stock subject to Showcase effectuating a reverse stock split of its issued and outstanding shares of the basis of one (1) share for each six (6) shares currently outstanding.
 Mark Correctional Systems, Inc. is a manufacturer of modular steel jail cells as well as containment rooms for disease control. Its stock is presently traded in the over-the-counter market and is quoted in the "Pink Sheets."
 Mr. Steiner further indicated that if the proposed acquisition agreement is finalized, Mr. Steiner will resign as chairman and president of Showcase but will continue to act as president of Showcase Cosmetics' subsidiaries: Bar-Lor Cosmetics, Ltd., Bar-Lor South, Inc. and Bar-Lor West, Inc.
 -0- 10/16/92
 /CONTACT: Alan R. Steiner of Showcase Cosmetics, Inc., 516-763-4944/
 (LIPSA) CO: Showcase Cosmetics, Inc.; Mark Correctional Systems, Inc. ST: New York IN: HOU SU: TNM


KD-OS -- NY068 -- 1102 10/16/92 16:16 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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