TCR_Public/960405.MBX BANKRUPTCY CREDITORS' SERVICE, INC.


Bankruptcy News For - April 5, 1996



  1. Clothestime announces year end results
  2. MANATEE MEDICAL LABORATORY FILES VOLUNTARY CHAPTER 7



Clothestime announces year end results
        


            ANAHEIM, Calif. -- April 5, 1996 -- href="chap11.clothestime.html">The Clothestime
        Inc.
(NASDAQ:CTMEQ) Friday announced results for the fourth
quarter
        and the year ended Jan. 27, 1996 ("Fiscal 1995").
        


            Sales for the 13 weeks of the fourth quarter of Fiscal 1995
        decreased 19 percent to $67.9 million, as compared to $83.4 million
        during the fourth quarter of the prior fiscal year.  Net loss for
        the fourth quarter was $35.9 million compared to a net loss of $48.5
        million during the same quarter of the previous fiscal year.  The
        loss per share for the quarter was $2.53 compared to a loss per
        share of $0.60 for the comparable quarter in the previous fiscal
        year.

        
            The loss includes reorganization charges which reduced pre-tax
        results by $22 million.  The charges related to the closing of
        underperforming stores, lease claims and other professional fees
        relating to the Company's Chapter 11 filing.
   

     
            Sales for the 52 weeks of Fiscal 1995 decreased 10 percent to
        $308.2 million, compared to $340.8 million for the previous fiscal
        year.  Net loss and loss per share for the year were $43.0 million
        and $3.03, respectively.  This compared to a net loss and loss per
        share of $11.2 million or $0.79, respectively, in the previous
        fiscal year.


        
                         Summary Results of Operations
                   (000's omitted, except per share amounts)
        
        Fourth Quarter                    Jan. 27, 1996      Jan. 28, 1995
        Net Sales                           $67,863            $83,435
        Loss Before Reorganization
        Costs and Income Tax Benefit        $19,776            $14,298
        Net Loss                            $35,905             $8,505
        Loss Per Share                        $2.53              $0.60
        Average Shares Outstanding           14,198             14,176
        
        Full Year                         Jan. 27, 1996      Jan. 28, 1995
        Net Sales                          $308,231             $340,801
        Loss Before Reorganization
        Costs and Income Tax Benefit        $31,042              $18,474
        Net Loss                            $43,002              $11,241
        Loss Per Share                        $3.03                $0.79
        Average Shares Outstanding           14,190               14,161

        
        On Dec. 8, 1995, The Clothestime Stores Inc., and five of its
        subsidiaries filed for protection under Chapter 11 of the U.S.
        Bankruptcy Code.


        Clothestime Stores currently operates 397 woman's apparel stores
        in 20 states and Puerto Rico, offering primarily in-season,
        moderately-priced sportswear, dresses and accessories, emphasizing
        fashion at a discount from department and specialty stores.


        CONTACT:  Clothestime, Anaheim, Calif.
                  Jeff Dake, 714/779-5881, ext. 2255



Rx MEDICAL SERVICES CORP.'S MANATEE MEDICAL LABORATORY
FILES FOR PROTECTION UNDER BANKRUPTCY LAW
        


            FORT LAUDERDALE, Fla., April 5, 1996 - Rx Medical
        Services Corp. (AMEX: RXM) today announced that its medical
        diagnostic subsidiary, Manatee Medical Laboratories, Inc.
        ("Manatee"), had filed a voluntary petition under Chapter 7 of the
        United States Code in the Bankruptcy Court for The Southern District
        of Florida.  The filing was necessitated by the Company's inability
        to reach the required percentage of acceptances from Manatee's
        creditors of an offer of compromise and settlement made to the
        creditors in mid-March.
        


            Manatee owns and operates clinical testing laboratories in
        Florida and a magnetic resonance Imaging center in Pinole,
        California.  By virtue of the bankruptcy of Manatee, the Company has
        ceased its medical diagnostic operations.

        
            Rx Medical Services Corp. owns and operates hospitals in rural
        markets.  The Company's operations are located in the southeast,
        primarily in Mississippi.
   


        CONTACT:  Joseph C. Wasch, General Counsel, Rx Medical Services
        Corp., 954-462-1711, ext. 105