Business Services Industry
Old America Stores Inc. enters negotiations to acquire certain stores from Ambers Crafts Stores
Business Wire, May 3, 1996
HOWE, Texas--(BUSINESS WIRE)--May 3, 1996--Old America Stores Inc. (NASDAQ/NMS:OASI) announced Friday that it has agreed in principle to acquire up to 14 stores from Ambers Crafts Stores, which currently operates 17 specialty retail stores in four states.
The proposed acquisition is subject to several conditions, including the completion of due diligence.
Old America Stores, a leading retailer of framing, floral, craft, and decorative accent products, currently operates 94 stores in 25 states throughout the southern, central and western United States.
The Company's stores feature picture frames and silk and dried flowers, together with free framing and floral arranging services. Old America Stores also offers a broad selection of decorative accent products, craft supplies, and seasonal merchandise for do-it-yourself home decorators and craft hobbyists.
CONTACT: Jim Schultz, 903/532-5549
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