SPECIALTY RETAIL GROUP COMPLETES PREVIOUSLY ANNOUNCED ACQUISITION OF BUILDING BLOCKS, INC.
UPPER SADDLE RIVER, N.J., April 14 /PRNewswire/ -- ILM, Inc. (NASDAQ: LABS), d/b/a Specialty Retail Group, Inc., announced today that it completed the acquisition of Building Blocks, Inc., a specialty educational and developmental five store toy chain. The agreement calls for the opening of five additional stores during this year which will bring forecasted revenues to over $4 million. The company has been exploring other specialty retailing opportunities and will continue to seek to acquire controlling interests in selected specialty retailing companies with proven market concepts and highly capable management teams. -0- 4/14/93 /CONTACT: Russ S. Fein of Institute for Laboratory Medicine, 201-934-4200/ (LABS)
CO: ILM, Inc.; Building Blocks, Inc. ST: New Jersey IN: REA SU: TNM
SM-PS -- NY033 -- 5632 04/14/93 10:50 EDT
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|Date:||Apr 14, 1993|
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