Article: INTERNATIONAL CUTLERY SIGNS LEASES FOR EIGHT (8) NEW RETAIL LOCATIONS WHICH WILL RESULT IN THE TOTAL OF FIFTEEN (15) STORES

NEW YORK, Feb. 21 /PRNewswire/ -- International Cutlery Ltd. (Nasdaq: ICUT) announced today that it has entered into leases for seven (7) additional stores and one (1) kiosk in prominent malls in New York State. The Company anticipates that the locations will commence operations by July 1, 1996. In addition to the new locations, the scheduled store in the Freehold Raceway Mall, New Jersey will be opening by May 1, 1996. When these retail locations are opened, the number of stores will increase to fifteen (15).

Joel J. Silver, Chairman and Chief Executive Officer of International Cutlery, Inc., stated, "We are excited with the early implementation of our expansion plans. ...

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