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THE BARBERS OFFERS SPECIAL BONUS FOR SHAREHOLDERS

 THE BARBERS OFFERS SPECIAL BONUS FOR SHAREHOLDERS
 MINNEAPOLIS, Jan. 10 /PRNewswire/ -- Joe Francis, chairman of the


board and founder of The Barbers(R), Hairstyling for Men & Women, Inc., announced today a special bonus for shareholders in the form of a certificate valued at $8.95 to be used for the purchase of products or services in either of the franchisor's salons -- Cost Cutters(R) or City Looks(R). Each shareholder will receive one certificate whether he or she holds one share or 10,000.
 The company went public in 1968 and is listed on the local over-the- counter market in Minneapolis. The stock trades at $2.50 to $3.25 per share.
 Francis stated, "We have never paid a dividend and this way we can show our shareholders our appreciation for staying with us so long."
 There are 541 salons in the franchise system and expansion plans for additional salons in Europe -- the first, currently under construction in Moscow, is scheduled to open February 1992.
 -0- 1/10/92
 /CONTACT: Joe Francis, Sr. or Joanne Coulter of The Barbers, 612-331-8500/ CO: The Barbers, Hairstyling for Men and Women, Inc. ST: Minnesota IN: SU:


DS -- MN002 -- 8557 01/10/92 10:30 EST
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Publication:PR Newswire
Date:Jan 10, 1992
Words:202
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