SUN TELEVISION AND APPLIANCES, INC.
COLUMBUS, Ohio, Jan. 15 /PRNewswire/ -- Sun Television and Appliances, Inc. (NASDAQ: SNTV) announced today that selling shareholders have withdrawn their shares from the company's previously announced offering of common stock. The company's president, Robert E. Oyster, said that the company's plan to offer and sell 1,000,000 shares and to use the proceeds for working capital and general corporate purposes, including expansion, remains unchanged. The proposed offering will be managed by Montgomery Securities and McDonald & Company Securities, Inc. Sun is a specialty retailer of consumer electronics and home appliances with a total of 31 stores in Central and Northern Ohio and Western Pennsylvania. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the prospectus may be obtained from Montgomery Securities, 600 Montgomery St., San Francisco, Calif., 94111, Attention: Syndicate Department (telephone: 415-627-2000); or McDonald & Company Securities, Inc., 800 Superior Ave., Cleveland, Ohio, 44114, Attention: Syndicate Department (telephone: 216-443-2370). -0- 1/15/92 /CONTACT: Robert E. Oyster of Sun Television and Appliances, Inc., 614-445-8401/ (SNTV)
CO: Sun Television and Appliances, Inc. ST: Ohio IN: REA SU: OFR
KK -- CL004 -- 5237 01/15/93 09:22 EST
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|Date:||Jan 15, 1993|
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