Article: APPLETREE MANAGEMENT RECEIVES OVERWHELMING SUPPORT AT SHAREHOLDERS MEETING

BOCA RATON, Fla., Feb. 23 /PRNewswire/ -- The AppleTree Companies, Inc.(Nasdaq: ATRE), announces the results of their 1996 annual shareholders meeting as an overwhelming support by its shareholders. Over 92% of the outstanding shares where voted and up to 97% of those shares were in favor of the proposals. Mr. Paul B. Kravitz, Chairman, CEO, and President thanked the company's over 5,000 shareholders for their strong support and dedication.

The Shareholders were voting on the following issues: Nominations of the Board, Paul B. Kravitz, Justin A. DiMacchia, John W. Donlevy, Elliott B. Barnett, and Allan C. Sorensen; Approval for the increase in the authorized capital ...

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