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SHOWCASE COSMETICS GRANTED CONDITIONAL NASDAQ LISTING

 OCEANSIDE, N.Y., June 28 /PRNewswire/ -- Alan Steiner, president of Showcase Cosmetics, Inc., (NASDAQ: LIPSA) today announced that because of the company's current financial condition, the company has only been granted a conditional listing by the NASDAQ Stock Market until July 30, 1993, at which time the company must demonstrate that it can meet the initial inclusion requirements for continued trading on NASDAQ. Mr. Steiner further indicated that he believes that the Plan of Reorganization regarding the acquisition of Mark Correctional Systems, Inc. will be completed by that date and that as a result, the company will meet the initial inclusion requirements of NASDAQ. Because the company is now trading on NASDAQ under a temporary exception, the symbol has been changed to LIPAC as of June 21, 1993.
 -0- 6/28/93
 /CONTACT: Alan R. Steiner, president of Showcase Cosmetics, 516-763-4944/
 (LIPSA)


CO: Showcase Cosmetics, Inc. ST: New York IN: HOU SU:

LR-TS -- NY033 -- 6169 06/28/93 10:50 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
Words:161
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