Martin Lawrence Limited Editions Inc., a Van Nuys publisher and retailer of art work, said it completed the sale of a wholly owned subsidiary, Think Big! Inc., to a director and principal stockholder of the company for about $820,000.
Martin Lawrence said Jack A. Rounick bought Think Big! for $500,000 in cash and the rest in two promissory notes, one due in June and the other at year-end. In addition, Rounick assumed certain lease obligations of the company.