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Postal Instant Press

BUSINESS
January 14, 1988
Bill LeVine, 67, has resigned as chairman and director of Postal Instant Press Inc. The company has completed the previously announced purchase of 278,337 shares, or about 6.7% of the company's common stock, at a price of $12.75 per share, from LeVine and members of his family. LeVine will remain as a consultant through June, 1990. Los Angeles-based Postal Instant Press has printing franchises located throughout the United States, Canada and the United Kingdom.
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REAL ESTATE
May 29, 1988
The six-story Beverly La Jolla Towers, 8201 Beverly Blvd., has been purchased for $4.9 million from Postal Instant Press by Hal Lederman for use by Pantron I, a hair-care products firm he owns. L.J. Hooker International, Beverly Hills, represented both parties.
REAL ESTATE
June 12, 1988
The six-story Beverly La Jolla Towers, 8201 Beverly Blvd., has been purchased for $4.9 million by Hal Lederman from Postal Instant Press. L.J. Hooker International, which represented both parties, is also the leasing agent.
BUSINESS
July 3, 1990
Image Entertainment Inc., a Chatsworth company that licenses and distributes laser videodiscs, reported losses for its fiscal fourth quarter and year ended March 30. For the year, the net loss widened to $1.34 million from a $779,000 loss a year earlier. Revenues increased 52% to $28.1 million from $18.5 million. The fourth-quarter loss of $1.14 million followed net income of $156,523 a year earlier, while revenues rose 48% to $9.62 million from $6.51 million.
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