ROCHESTER, N.Y., Jan. 3, 1996 -- Goulds Pumps, Inc.
        (Nasdaq-NNM: GULD) announced today that it will take a fourth
        quarter after-tax restructuring charge of approximately $11.5
        million (E.P.S. $.54) to reflect the transfer of Environamics
        Corporation to that subsidiary's current management and a wind down
        of its Venezuelan manufacturing operation.

            The Company's Environamics subsidiary which had been expected to
        break-even in 1994 and 1995 posted a pre-tax loss of approximately
        $3 million in each year, primarily due to a later than expected
        product introduction in 1994 and lower than expected sales in 1995.
        The Company anticipated that these lower sales levels would have
        continued and that additional significant investment would have been
        required. The after-tax restructuring charge for Environamics will
        be approximately $9 million.

            The Company has sustained several years of losses from its
        Venezuelan operation, including a 1995 pre-tax loss of approximately
        $3 million.  Further losses had been projected for 1996, if the
        operation were to have continued.  These losses coupled with the
        uncertain economic climate in Venezuela led to the decision to close
        the Venezuelan manufacturing operation and significantly downsize
        the facility to a PRO Shop (Pump Repair and Overhaul Shop) in order
        to focus on customer sales, service and repairs in the Venezuelan

            Thomas C. McDermott, Chairman, Chief Executive Officer and
        President, said, "We are disappointed that our significant
        investments in Environamics and Venezuelan manufacturing did not
        work out as anticipated.  At the same time, we feel strongly that
        this restructuring decision is an important step to increase
        shareholder value and profitability for the Company in 1996 and

            "Exclusive of the restructuring charge we expect to complete
        1995 with earnings, including savings resulting from tax strategies
        implemented in the fourth quarter (approximately $.07 E.P.S.), that
        will be in the range of expectations.  We remain optimistic about
        significantly improved profitability in 1996," concluded McDermott.

        /CONTACT:  John Murphy, vice president & chief financial officer, or
        Diana Kurty, corporate controller, both of Goulds Pumps, 716-387-


            FORT LEE, N.J., Jan. 3, 1996 -- Gaming Venture
        U.S.A. is pleased to announce the availability of our 2nd issue of
        "The Gaming Sector ... Yesterday, Today and Tomorrow."  This issue
        is commonly called the "Successful Investors Guide to the Gaming
        Industry."  This report is published at the end of every year and
        gives a complete summary of the key events that occurred in the past
        in the gaming industry plus some predictions for the future.  The
        report covers every state in the United States where gambling is
        legal plus those states which have a chance of legalization in the

            Last years' report accurately predicted the demise of casinos in
        New Orleans and even mentioned the possibility of bankruptcy in the
        future for Harrahs Jazz.  The
report also accurately predicted the
        resurgence of the Mississippi gaming market while others were
        writing it off.

            "The Gaming Sector ... Yesterday, Today and Tomorrow" also gives
        descriptions of gaming companies which can benefit or be hurt by
        events that can occur in the future.  Last year's report accurately
        predicted the rise in the stocks of Grand Casinos and Mirage Resorts
        while introducing investors to an unknown company called Game
        Financial Corp. who wound up being one of the top performing gaming
        stocks of 1995.

            Gaming Venture Corp., U.S.A. is the publisher of The Gaming
        Industry Weekly Report and The Gaming Industry Daily Report
        newsletters.  The Gaming Industry Weekly Report is in its fourth
        year of publication while the Daily Report is in its infancy.  For
        subscription information or information on how to receive "The
        Gaming Sector ... Yesterday, Today and Tomorrow", call: 1-800-990-

        /CONTACT:  Alan R. Woinski of Gaming Venture Corp., U.S.A.,



            ST. LOUIS, Jan. 3, 1995 -- Edison
Brothers Stores, Inc.
        (NYSE: EBS) today said that it received court approval of proposed
        bidding procedures to enable the company to sell the assets of its
        Edison Brothers Mall Entertainment and Horizon Entertainment
        divisions, which operate approximately 128 game rooms and larger
        entertainment centers.  At the same time, the court approved a
        letter of intent executed by Edison Brothers and Sun Capital
        Partners, Inc., of West Palm Beach, Florida, outlining the terms of
        Sun Capitals proposed purchase of the assets of Edison's
        entertainment divisions.

            Parties interested in filing competing bids must do so by
        January 12, 1996.  Complete details on the bidding procedures are
        available from Alan A. Sachs, General Counsel, Edison Brothers
        Stores, Inc., 501 N. Broadway, St. Louis, MO 63102.

            Edison Brothers Stores, Inc., filed for voluntary reorganization
        under Chapter 11 on November 3, 1995.  The company operates
        approximately 2,700 apparel, footwear and entertainment specialty
        stores and is in the process of closing approximately 500 of its
        apparel and footwear stores by January 31, 1996.

        /CONTACT:  David B. Cooper, Jr., CFO, 314-331-6531, or Amy Calvin,
        Communications, 314-331-7996, both of Edison Brothers Stores/