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SUN TELEVISION AND APPLIANCES, INC. ANNOUNCES COMMON STOCK OFFERING

SUN TELEVISION AND APPLIANCES, INC. ANNOUNCES COMMON STOCK OFFERING
 COLUMBUS, Ohio, Sept. 15 /PRNewswire/ -- Sun Television and Appliances, Inc. (NASDAQ: SNTV) announced that it has filed with the Securities and Exchange Commission a registration statement for a public offering of 1,000,000 shares of common stock, of which 333,333 common shares will be sold by the company and the remaining 666,667 shares will be sold by selling stockholders. The company and the selling stockholders will grant the underwriters a 30-day option to purchase up to an additional 150,000 shares of common stock for the purpose of covering over-allotments. The proposed offering will be managed by Montgomery Securities and Kidder, Peabody & Co. Incorporated.
 The company intends to use the net proceeds from the proposed offering to repay outstanding bank debt.
 Sun is a specialty retailer of consumer electronics and home appliances with a total of 25 stores in Central Ohio, 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 Street, San Francisco, Calif., 94111, Attention: Syndicate Department, 415-627-2000; Kidder Peabody & Co. Incorporated, 10 Hanover Square, N.Y., N.Y., 10005, Attention: Syndicate Department, 212-510-3170.
 -0- 9/15/92
 /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


SM -- CL013 -- 9583 09/15/92 11:20 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
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