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TITLE WAVE STORES, INC. FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

 PLYMOUTH, Minn., Feb. 12 /PRNewswire/ -- Title Wave Stores, Inc., announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the initial public offering of 1,250,000 shares of common stock. The 1,250,000 shares are being registered on behalf of the company. The shares are expected to be priced between $3.75 and $4.25 per share. Managing underwriter for the offering is John G. Kinnard and Company, Incorporated.
 Title Wave Stores said it will use proceeds from the offering to repay bank indebtedness and for new store expansion.
 Title Wave Stores is a leading retailer of home entertainment software in the greater Minneapolis-St. Paul area with nine superstore locations. The first store was opened in 1986. The company combines the sale of pre-recorded music with the sale and rental of videos in a "superstore" retail format.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet became effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notice shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by 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.
 -0- 2/12/93
 /CONTACT: Lewis Kennedy, president of Title Wave Stores, 612-553-2893 or Chris Malecek of Mona, Meyer, McGrath & Gavin, 612-832-5000, for Title Wave/


CO: Title Wave Stores, Inc. ST: Minnesota IN: REA SU: OFR

DS -- MN011 -- 6241 02/12/93 15:17 EST
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Publication:PR Newswire
Date:Feb 12, 1993
Words:287
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