WARREN, Ohio,--Aug. 17, 1995--
Copperweld Steel Company
announced today that United Steelworkers of America, Local
2243, soundly ratified a basic labor agreement to become effective upon
        the Company's emergence from bankruptcy and the finalization of the
        acquisition of the Company's assets by Hamlin Holdings Inc.  The
        actual vote count was 464 for and 259 against ratifying the


            "The provisions of this labor agreement were negotiated by the
        parties to meet the needs of our production and maintenance
        employees, as well as to better position our company to remain an
        efficient, quality-oriented steel bar producer," said Donald J.
        Caiazza, Copperweld Steel's President and Chief Executive Officer.
        "This is a major step towards our successful reorganization and the
        closing of the Hamlin deal which will ultimately benefit our
        employees, our customers, and our entire community."


           Copperweld Steel Company is a Warren, Ohio based producer of
        steel bar products with 1,250 employees, approximately 1,000 of
        which are represented by United Steelworkers of America, Local 2243.
        The Company has been operating under Chapter 11 since November 1993.
        The ratification of this U.S.W.A. labor agreement was one of a few
        final milestones necessary to complete the Hamlin transaction, which
        is now expected to be accomplished by mid-October 1995.


        /CONTACT:  William J. Pounds, Vice President, Human Resources, of
        Copperweld Steel Company, 216-841-6512/


        Grand Union announces first quarter results


            WAYNE, N.J.--August 18, 1995--The Grand Union
a regional retail food company, announced that sales for
        the 16 weeks ended July 22, 1995, totaled $720.5 million, compared
        with sales of $747.7 million for the 16 weeks ended July 23, 1994.   


            Operating Cash Flow (EBITDA) was $44.3 million, or 6.1% of
        sales, for the 16 weeks ended July 22, 1995, compared to EBITDA of
        $60.1 million, or 8.0% of sales, for the 16 weeks ended July 23,


            Grand Union filed a voluntary petition for protection under
        Chapter 11 of the U.S. Bankruptcy Code on January 25, 1995.  The
        company's Plan of Reorganization was confirmed by the Court on May
        31, 1995, and the Company emerged from bankruptcy on June 15, 1995.
        For financial reporting purposes, the results of the company's
        operations for the 11 weeks prior to June 15, 1995 are separated
        from the results of operations for the five weeks subsequent to June
        15, 1995 because of a change in the reporting basis of the company
        as discussed below.  The financial information included herein
        combines the results of operations for the entire quarter.  However,
        as a result of the bankruptcy, the results of operations for the 16
        weeks ended July 22, 1995 are not directly comparable to the results
        of operations of the 16 weeks ended July 23, 1994.


            The sales decline for the 16 weeks ended July 22, 1995, compared
        with the prior year, principally resulted from the sale or closure
        of 24 stores last year which were not replaced, partially offset by
        sales of incremental new stores and a 0.1% same store sales


            The 0.1% same store sales increase was favorably influenced by
        (a) the timing of the pre-Easter holiday shopping period which was
        included in the 16 weeks ended July 22, 1995, but not in the
        comparable quarter last year, (b) the closure or sale of under-
        performing stores as mentioned above and (c) the full implementation
        on May 1, 1995 of a marketing program in the company's Northern
        Region, begun on a limited basis last year, which includes both
        lower everyday prices and stronger sales promotion programs.


            EBITDA (defined as earnings before LIFO provision, depreciation
        and amortization, amortization of excess reorganization value,
        reorganization items, interest expense, income taxes and
        extraordinary item) for the 16 weeks ended July 22, 1995 was
        affected by several factors related to the bankruptcy proceedings
        including (a) the effect of the company's inability to be fully
        invested in forward buy inventory throughout most of last year's
        fourth quarter which negatively impacted gross profit in the first
        quarter, (b) lower vendor promotional allowances in the early part
        of the quarter and (c) increased store labor and fringe costs
        resulting from store closures.  Additional factors affecting EBITDA
        were reducing margins and increased advertising costs associated
        with the previously mentioned Northern Region marketing program and
        gains on store sales of $3.6 million compared to gains of $1.8
        million last year.


            The company reported net income of $815.9 million for the 16
        weeks ended July 22, 1995, which included an extraordinary gain on
        debt discharge of $854.8 million, amortization of excess
        reorganization value of $10.1 million and reorganization expenses of
        $18.6 million.


            Joseph J. McCaig, president and chief executive officer, said,
        "The first quarter still reflects some effects of operating in
        bankruptcy and should not be viewed as representative of results for
        the full fiscal year."  McCaig went on to say, "Late in the first
        quarter, we began the conversion of the distribution of product in
        the Northern Region from our Waterford, N.Y. Distribution Center to
        C&S Wholesale Grocers Inc. of Brattleboro, Vt.  The conversion has
        progressed very smoothly and is now virtually completed.  We expect
        that the savings from this change will begin to offset the cost of
        our Northern Region marketing program in the second quarter.
        Additionally, during the second quarter, the Company will implement
        `special voluntary resignation incentive' programs in both of its
        operating regions.  The programs are designed to induce higher wage
        scale employees to accept a bonus package to voluntarily terminate
        their employment.  We expect that this program will moderate store
        labor costs over the remainder of the year."


            Roger E. Stangeland, chairman of the company's new board of
        directors, noted that the company had substantially deleveraged its
        capital structure in the reorganization and expressed confidence in
        the steps being taken by management to increase profitability.
        Stangeland said that the measures being adopted by the company
        should enhance its competitive position and long term profitability.


            McCaig said the company currently has under construction
        replacement stores in Valatie, N.Y., and Morrisville, Vt., an
        incremental new store in Tannersville, N.Y., and store enlargements
        in Darien, Conn., and West Islip and Lake Placid, N.Y.  The company
        expects capital spending this year to be approximately $50 million,
        including capitalized leases other than real estate leases.


            As of June 15, 1995, the company adopted "fresh-start"
        accounting in accordance with American Institute of Certified Public
        Accountants Statement of Position 90-7, "Financial Reporting by
        Entities in Reorganization under the Bankruptcy Code."  Adoption of
        fresh-start accounting resulted in an adjustment of the basis of
        assets, liabilities and equity to their respective fair values.


            Grand Union currently operates 231 retail food stores in six
        Northeastern states.  Its common stock is traded under the GUCO
        symbol on the NASDAQ National Market. -0-  

                       THE GRAND UNION COMPANY

                      (in thousands of dollars)
                                           16 Weeks     16 Weeks
                                             Ended        Ended
                                            July 22,     July 23,  
                                              1995         1994
        Sales                                  $ 720,545    $ 747,692
        Gross profit (a)                         217,321      231,116
        Operating and administrative  
         expense (a)                            (173,036)    (170,969)
        Earnings before LIFO provision,
         depreciation and amortization,    
         amortization of excess  
         reorganization value,  
         reorganization items, interest  
         expense, income taxes and  
         extraordinary gain on debt   
         discharge (EBITDA)                       44,285       60,147
        LIFO provision                              (400)        (300)
        Depreciation and amortization            (24,170)     (25,262)
        Amortization of excess  
         reorganization value                    (10,110)          --
        Reorganization items                     (18,627)          --
        Earnings (loss) before interest
         expense, income taxes and  
         extraordinary gain on debt discharge     (9,022)      34,585
        Interest expense                         (29,337)     (59,567)
        Loss before income taxes and  
         extraordinary gain on debt discharge    (38,359)     (24,982)
        Income tax provision                        (500)          --
        Loss before extraordinary gain on
         debt discharge                          (38,859)     (24,982)
        Extraordinary gain on debt discharge     854,785           --
        Net income (loss)                        815,926      (24,982)
        Accrued preferred stock dividends             --       (5,293)
        Net income (loss) applicable to  
         common stock                           $815,926     $(30,275)
        (a) Gross profit and operating and administrative expense reflect  
        certain reclassifications made for the 16 weeks ended July 23, 1994  
        to conform to current year presentation.

        CONTACT: The Grand Union Company
                 Donald C. Vaillancourt, 201/890-6100




            MEMPHIS, Tenn.,--Aug. 18, 1995--J.R. Hyde III, chairman
        and chief executive officer of AutoZone Inc. (NYSE: AZO), announced
        today that the company will assume the leases of 44 locations and
        purchase one location belonging to Nationwise
Automotive Inc.
, a Columbus, Ohio-based auto parts chain.  AutoZone will also
purchase certain inventories and fixtures.  Nationwise today filed for
        reorganization under Chapter 11 of the Bankruptcy Code - the
        transaction between the two companies is subject to bankruptcy court
        approval.  Once approval has been granted, the 45 locations in
        Indiana, Kentucky, Ohio, Tennessee and West Virginia will be
        converted to AutoZone stores.


        /CONTACT:  (Financial) Sheila Stuewe, 901-325-4458, or (Media) Laura
        Nevins, 901-325-6647, both of AutoZone/




            ELKINS PARK, Pa.,--Aug. 18, 1995--
Mortgage and Realty Trust (NYSE: MRT)
announced today that it had closed its
consent solicitation for its prepackaged plan of reorganization and had
        commenced a case under chapter 11 of the bankruptcy code to
        implement the prepackaged plan of reorganization.  The company had
        overwhelming support in the consent solicitation in favor of the
        prepackaged plan of reorganization.


            MRT is a self-administered real estate investment trust with a
        portfolio of over 72 commercial, industrial and other real estate
        assets.  MRT has offices in Elkins Park, Pennsylvania, and Burbank,


        /CONTACT:  Daniel F. Hennessey, Treasurer of Mortgage and Realty
        Trust, 215-881-1525/


        Nationwise Automotive Inc. makes announcement


            COLUMBUS, Ohio--Aug. 18, 1995--
Nationwise Automotive Inc.
announced today that it has concurrently (1) signed
        an agreement to sell a significant number of its stores to AutoZone
        Inc., (2) filed for reorganization under Chapter 11 of the
        Bankruptcy Code, as contemplated by the AutoZone agreement, and (3)
        arranged additional, ``debtor-in-possession'' financing through its
        senior secured lender, Foothill Capital Corp.


            The sale to AutoZone involves the transfer of store sites,
        fixtures and inventory.  Bankruptcy court approval is required
        before the transaction can be finalized.


            ``We are pleased our efforts produced the deal with AutoZone,
        and hopeful a reorganization and/or sale of our other assets can be
        achieved through Chapter 11,'' the board of directors of Nationwise
        stated.  ``This course of action is the best alternative available
        to maximize results for our creditors, customers, employees and


            Nationwise will now immediately pursue both approval of the
        AutoZone transaction through a bankruptcy-court-approved process,
        and reorganization and/or sale of its other assets.  Nationwise's
        financial advisor, Gordian Group, L.P., will continue the process to
        obtain new investment in, or sale of, the company, as well as to
        evaluate reorganization alternatives.

        CONTACT:  Gordian Group, L.P.

                  Peter S. Kaufman or  
                  Barbara S. Scholl, 614/239-5116 or