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THE SUNBELT COMPANIES, INC., ANNOUNCES INITIAL PUBLIC OFFERING OF 625,000 SHARES

 GREENVILLE, S.C., Oct. 22 /PRNewswire/ -- J. Thomas Mills, president and chief executive officer of The Sunbelt Companies, Inc. (NASDAQ-NMS: SBLT), today announced that the company has completed an initial public offering of 625,000 shares priced at $7.75 per share through underwriters led by Scott & Stringfellow, Inc. (NASDAQ-NMS: SCOT).
 The common stock will begin trading today on the NASDAQ National Market System under the symbol "SBLT."
 The Sunbelt Companies, Inc., headquartered in Greenville, operates building materials retailers in the southeastern United States and is focused on serving the professional contractor and advanced do-it- yourself homeowner. The company currently operates eight stores in North Carolina, Georgia and Alabama.
 -0- 10/22/93
 /CONTACT: J. Thomas Mills, president and chief executive officer, of The Sunbelt Companies, 803-232-6393/
 (SBLT SCOT)


CO: The Sunbelt Companies, Inc. ST: North Carolina IN: CST FIN SU: OFR

MH-DS -- DC004 -- 5634 10/22/93 10:09 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
Words:151
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