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TODAY'S MAN, INC. RELEASES ANNOUNCEMENT REGARDING REGISTRATION STATEMENT FOR SALE OF 2 MILLION SHARES OF COMMON STOCK

 TODAY'S MAN, INC. RELEASES ANNOUNCEMENT REGARDING REGISTRATION
 STATEMENT FOR SALE OF 2 MILLION SHARES OF COMMON STOCK
 MOORESTOWN, N.J., June 5 /PRNewswire/ -- Today's Man, Inc. announced today that its registration statement for the sale of 2 million shares of common stock at $7.50 per share was declared effective today.
 All of the shares of common stock are being sold by the company. The proceeds of the offering will be to finance new store openings, to reduce debt, to pay a distribution of S Corporation earnings and for working capital.
 Alex. Brown & Sons Incorporated and PaineWebber Incorporated are the co-managers of the offering.
 Today's Man, Inc. 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.
 -0- 6/5/92
 /CONTACT: Zeev Shenkman, senior vice president and chief financial officer of Today's Man, 609-235-5656/ CO: Today's Man ST: New Jersey IN: REA SU: OFR


CC-JS -- PH017 -- 7477 06/05/92 13:01 EDT
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Publication:PR Newswire
Date:Jun 5, 1992
Words:180
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