TCR_Public/951003.MBX BANKRUPTCY CREDITORS' SERVICE, INC.



        ALLOU HEALTH & BEAUTY CARE, INC. ACQUIRES SELECTIVE ASSETS OF RUSS
        KALVIN'S

        
            BRENTWOOD, N.Y., Oct. 3, 1995 -- Allou Health &
Beauty
        Care, Inc. (AMEX: ALU) today announced the purchase of selected
        assets of Russ Kalvin's, Inc., a
privately-owned manufacturer and
        distributor of branded and generic professional hair care products
        sold to mass merchandisers and independent retailers.
        


            These assets include:  accounts receivable, inventory, plant
        equipment and intellectual property rights.  The purchase price is
        $2.2 million payable in cash.
        


            Founded in 1974 and headquartered in Saugus, California, Russ
        Kalvin's is currently subject to a proceeding under Chapter 11 of
        the Bankruptcy Act.
        


            David Shamilzadeh, senior vice president and chief financial
        officer of Allou, stated, "Our Company's strong position in the
        distribution of health and beauty care products will provide
        excellent support for Russ Kalvin's products.  This should enable a
        more aggressive marketing of Kalvin's branded and generic line of
        quality hair care products. Furthermore, Allou intends to
        manufacture in California and distribute Russ Kalvin's brands
        nationally."
        


            All administrative operations will be consolidated into Allou's
        Brentwood, New York headquarters, thus eliminating any duplication
        of functions, while reducing costs and maintaining strict controls.
        


            Allou Health & Beauty Care, Inc.  Is the premier distributor of
        over 22,000 nationally advertised health and beauty aid products,
        branded and generic prescription pharmaceuticals, prestige designer
        fragrances, cosmetics and branded non-perishable foods.  Allou's
        account base consists of 4,200 independent drug and convenience
        stores including the national chain stores.
        


        /CONTACT: David Shamilzadeh, Senior Vice President-Chief Financial
        Officer of Allou Health & Beauty Care, Inc., 516-273-4000/




        COLUMBIA COMPANIES SEEK TO EXTEND EXCLUSIVITY PERIODS; CONTINUE TO
        EXPECT EMERGENCE FROM CHAPTER 11 BY YEAR END

        
            WILMINGTON, Del., Oct. 3, 1995 -- href="chap11.columbia.html">The Columbia Gas System,
        Inc.
(NYSE: CG), and Columbia Gas Transmission Corp., its
principal
        pipeline subsidiary, have asked the U.S. Bankruptcy Court for the
        District of Delaware to extend the exclusive periods for filing
        and/or amending their Chapter 11 reorganization plans to January 2,
        1996.
        


            The Corporation said it is optimistic that both reorganization
        plans will receive the favorable majorities necessary to permit
        confirmation by the Bankruptcy Court, thereby enabling the companies
        to meet their current timetable and emerge from Chapter 11 before
        the end of the year.
        


            The extension was requested only to be certain that ample time
        would be available to obtain the many approvals required under the
        Bankruptcy Code and, if necessary, to amend the plans in order that
        they can be successfully confirmed at the hearings which are now
        scheduled to commence November 13.
        


            The current exclusivity periods for the two companies expire
        October 16, 1995.
        


            The two companies have been operating as debtors-in-possession
        under Chapter 11 of the Bankruptcy Code since July 31, 1991.
        


        /CONTACT:  Media, H.W. Chaddock, 302-429-5261, or Analysts,
        T.L. Hughes, 302-429-5363, or K.P. Murphy, 302-429-5471, all of
        Columbia
        Gas/




        EMPLOYEE SOLUTIONS COMPLETES ACQUISITION OF HAZAR, INC.
        


            PHOENIX, Oct. 3, 1995 -- Employee Solutions,
Inc. ("ESI")
        (Nasdaq: ESOL) today announced that it has completed its acquisition
        of the principal assets of Hazar,
Inc.
and its subsidiaries.  Hazar
        is a staff leasing company that has been operating under the
        protection of federal bankruptcy laws.  The acquisition effectively
        increases the number of ESI's leased employees from 6,000 to 11,000
        and expands the Company's geographic reach to key markets in
        California, New York, New Jersey, Massachusetts, New Hampshire,
        Rhode Island and Illinois.  Hazar estimates that the annualized
        payroll attributable to the purchased assets is approximately $120
        million.
        


            Marvin D. Brody, ESI's chairman and chief executive officer,
        stated, "We are very pleased to announce the completion of the Hazar
        acquisition, Hazar will provide the necessary platform from which we
        can continue our penetration of key geographic markets and over time
        will permit increasing economies of scale across our entire
        operation."
        


            The purchase price equals the lesser of $7.0 million or five
        times adjusted earnings derived from the acquired assets for the 12-
        month period following closing, payable in cash and by the
        assumption of certain liabilities.  The cash portion of the purchase
        price is payable on an ongoing basis from the operating cash flow
        derived from the acquired assets, with a final payment due 18 months
        after closing if the purchase price exceeds the sum of the cash flow
        payments and assumed liabilities.
        


            In a related transaction, an ESI subsidiary has agreed to
        provide management services to Employer Sources, Inc., a California-
        based Hazar subsidiary with approximately 1,500 leased employees.
        The management agreement, which is subject to approval by the
        bankruptcy court, gives the ESI subsidiary an option to acquire the
        assets of the managed subsidiary for $400,000 that expires in June
        1997.
        


            Employee Solutions, Inc. is a staff leasing company providing
        solutions to small and mid-sized companies for lower cost and more
        comprehensive benefit packages, payroll administration, workers'
        compensation and flexible health insurance programs tailored to the
        needs of the client.
        


        /CONTACT:  Todd P. Belfer, Vice President of Investor Relations of
        Employee Solutions, 602-955-5556; or Eugene G. Heller of Silverman
        Heller Associates, 310-208-2550/




Reminder: TWA equity rights subscription
        period ends Oct. 5, 1995

        
            ST. LOUIS, Missouri--Oct. 3, 1995--As
previously
        announced, the expiration date of the subscription period for href="chap11.twa.html">Trans
        World Airlines, Inc.
(AMEX:TWA) equity rights is Thursday,
Oct. 5,
        1995.
        


            The subscription order form and payment for purchase of newly
        issued common shares through exercise of the equity rights must be
        received on or before midnight of the expiration date.  Also as
        previously announced, the subscription price has been set at
        $4.1875.
        


            TWA issued the approximately 13,150,000 equity rights--non-
        transferable rights to purchase for cash from the company newly
        issued common stock pursuant to a basic subscription privilege and
        an oversubscription privilege--as part of the company's prepackaged
        plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code.
        


        CONTACT: Trans World Airlines, Inc.,
                 Media -- John McDonald 314/589-3214;  
                 Investors -- Krista Grossman, 800/811-0075


        

        (UDC-HOME)(UDC) UDC HOMES, INC. ANNOUNCES CONFIRMATION OF
        REORGANIZATION PLAN BY BANKRUPTCY COURT
        


            TEMPE, Ariz.--Oct. 3, 1995--UDC Homes,
Inc.

        (NYSE:UDC) (the "Company") announced that the United States
        Bankruptcy Court for the District of Delaware (the "Bankruptcy
        Court") entered a confirmation order (the "Confirmation Order")
        today with respect to the Company's Second Amended Reorganization
        Plan, as modified (the "Plan").  The Company commenced its
        bankruptcy case under Chapter 11 of the Bankruptcy Code on May 17,
        1995.  
        


            The Company originally filed the Plan on August 3, 1995, and
        modified the Plan on August 31, 1995.  The keystone of the Plan is a
        previously announced stock purchase agreement (the "Stock Purchase
        Agreement"), pursuant to which DMB Property Ventures Limited
        Partnership, a Phoenix-based real estate investment and development
        company or an affiliate of such company ("DMB"), will purchase from
        the Company, for an aggregate purchase price of $108 million, 100%
        of the new equity of the Company and $30 million in the Company's
        new subordinated notes.  
        


            "The Confirmation Order completes another critical step in UDC's
        reorganization process," said Richard C. Kraemer, president and
        chief executive officer of UDC.  "After the consummation of the
        Plan, including the closing of the DMB transaction, the most
        difficult stages of our turnaround will be completed."  
        


            Under the Plan, the holders of the Company's senior unsecured
        notes will receive $83 million in cash and $64.1 million in new
        senior unsecured notes; the holders of the Company's convertible
        subordinated notes will receive $5.9 million in new senior unsecured
        notes and $2 million in new subordinated notes; and the holders of
        the Company's prime preferred exchangeable stock will receive trust
        certificates representing a pro rata interest in $3 million in new
        subordinated notes.  The holders of all other claims and interests
        relating to classes of the Company's outstanding preferred stock and
        common stock will not receive any consideration under the Plan.
        Pursuant to the Plan, all priority claims, general unsecured claims
        and secured claims against the Company will be unimpaired.  
        


            As previously disclosed, the closing of the Stock Purchase
        Agreement (and thus the consummation of the Plan) is subject to
        certain conditions, including the Company's achievement of certain
        financial conditions at the time of closing.  At the present time
        and subject to the terms of the Stock Purchase Agreement, the
        Company anticipates that the closing will occur in the next few
        weeks.  
        


            UDC Homes, Inc., headquartered in Tempe, Arizona, is a home
        builder, concentrating in move-up family and retirement housing with
        continuing operations in Arizona and California.  
        


        CONTACT:  Michael D. Singer,
                  Arthur Schmidt & Associates,
                  212/953-5555