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INDUSTRY NOTES

Advanced Marketing Files for Initial Offering

June 04, 1987

Advanced Marketing Services Inc. has filed with the Securities and Exchange Commission for an initial public offering of 1.3 million shares priced at $10 to $12 per share, the company said.

One million shares are to be sold by the company and 375,000 shares would be sold by existing shareholders. The offering will be co-managed by Alex. Brown & Sons Inc. and Montgomery Securities.

The San Diego-based company supplies "general interest books to membership warehouse clubs," according to a company spokesman.

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