Article: Palm Desert Art Inc. Announces First Of Several Acquisitions.

PALM DESERT, Calif.--(BUSINESS WIRE)--Aug. 6, 1998--Palm Desert Art Inc. (OTC:PDAP), a Delaware Corporation whose common stock is traded on the OTC Bulletin Board, announced that on Wednesday, Aug. 5, it acquired six gallery and art framing retail outlets located throughout upstate New York.

The acquisition was accomplished through a merger of R M & M Framemakers Inc. into R. M. & M. Acquisition Inc., a wholly-owned subsidiary of Palm Desert Art Inc. Palm Desert Art Inc. is an integrated publisher and retailer of limited-edition serigraphs, lithographs and other works of fine art created by renowned contemporary artists.

Prior to yesterday's merger it ...

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