SUPERIOR SURGICAL SPLITS STOCK
SUPERIOR SURGICAL SPLITS STOCK SEMINOLE, Fla., May 27 /PRNewswire/ -- Superior Surgical Mfg.
Co., Inc. (AMEX: SGC), one of the nation's largest manufacturers of uniforms, career apparel and accessories, at a special directors meeting today, voted to split the stock four-for-one. The new shares will be issued June 22, 1992, to shareholders of record June 8, 1992.
After the directors meeting, Gerald M. Benstock, chairman and CEO said: "The increase in the number of shares issued and outstanding, and the consequent increase in the number of shares in the stock 'marketplace', will benefit the company and its shareholders by producing greater availability for the company's shares. The board thought this move particularly appropriate since the stock price has increased more than 25 percent from Dec. 31, 1991. Benstock further stated that the company's incoming order rate continues to improve from comparable periods a year ago. The company continues to expect another record sales year in 1992 with an earnings gain greater than our sales gain." Superior Surgical manufactures and sells a wide range of uniforms, career apparel and accessories for the hospital and healthcare fields; hotels; fast food and other restaurants; and public safety, industrial, transportation and commercial markets. -0- 5/27/92 /CONTACT: Gerald M. Benstock, chairman and CEO of Superior Surgical Mfg. Co., Inc., 813-397-9611/ (SGC) CO: Superior Surgical Mfg. Co., Inc. ST: Florida IN: SU:
JB-AK -- FL002 -- 4106 05/27/92 09:08 EDT
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|Date:||May 27, 1992|
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