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TODAY'S MAN, INC. FILES OFFERING OF 2 MILLION SHARES OF COMMON STOCK

TODAY'S MAN, INC. FILES OFFERING OF 2 MILLION SHARES OF COMMON STOCK
 MOORESTOWN, N.J., March 26 /PRNewswire/ -- Today's Man, Inc. today filed a registration statement with the Securities and Exchange Commission for the initial public offering of 2 million shares of the company's common stock, all of which will be sold by the company.
 The proposed offering is expected in May and will be made by an underwriting group led by Alex. Brown & Sons Incorporated and PaineWebber Incorporated. Proceeds to the company will be used to finance new store openings, to reduce debt, to pay a distribution of S Corporation earnings and for working capital.
 Today's Man is a leading operator of menswear superstores specializing in tailored clothing, furnishings and accessories and sportswear. The company currently operates a chain of 14 superstores in the Greater Philadelphia, Washington, D.C. and New York markets.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of 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.
 /delval/
 -0- 3/26/92
 /CONTACT: Zeev Shenkman, senior vp and CFO of Today's Man, 609-235-5656/ CO: Today's Man, Inc. ST: New Jersey IN: REA SU: OFR


MK-JS -- PH031 -- 2175 03/26/92 17:28 EST
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Publication:PR Newswire
Date:Mar 26, 1992
Words:275
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