CHARLOTTE, N.C., Aug. 17 /PRNewswire/ -- PCA International, Inc.
(Nasdaq: PCAI) announced today that its shareholders approved a merger
agreement whereby Jupiter Acquisition Corp., a subsidiary of Jupiter Partners
II L.P., will acquire between approximately 77% and 88% of the shares of PCA.
The transaction, which was approved by 69.9% of the outstanding shares of
common stock, is expected to close in due course. Stockholders will soon be
receiving transmittal forms and instruction for surrendering their securities.
Stockholders should not send any securities certificates until they receive
the appropriate forms and instructions.
PCA International, Inc. is a holding company that sells and processes
professional color portraits of children, adults, and families. The Company
operates 2,034 permanent portrait studios within Kmart and Wal-Mart discount
stores and supercenters in the United States, Canada, Mexico, Puerto Rico and
South America. The Company also operates an extensive traveling studio
business providing portrait photography services in approximately 1,400
additional Wal-Mart retail locations as well as to church congregations and
other institutions.
SOURCE PCA International, Inc.
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800-758-5804 ext. 114272
Related links:
http://www/pca-international.com
CONTACT:
Jean Veatch, Director, Investor Relations and
Corporate Communications, PCA International, Inc., 704-847-8011
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