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THUNDER GROUP ANNOUNCES COLLECTION ACTION AGAINST ESC SUBSIDIARY

 HAUPPAUGE, N.Y., Dec. 18 /PRNewswire/ -- The Thunder Group, Inc. (NASDAQ: TTGI) today announced that the Internal Revenue Service has commenced collection action against ESC Industries, Inc., its wholly owned subsidiary. The collection action involves unpaid payroll taxes which have been previously reported as liabilities in the Thunder Group's consolidated financial statements.
 -0- 12/18/92
 /CONTACT: Irwin N. Schneider, president of The Thunder Group, 516-348-0290/
 (TTGI)


CO: The Thunder Group; ESC Industries, Inc. ST: Florida IN: SU:

JJ-JB -- FL015 -- 8358 12/18/92 15:56 EST
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Publication:PR Newswire
Date:Dec 18, 1992
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