FEDERAL RESOURCES <FDRC.O> ACQUIRES RETAILER
Federal Resources Corp said it has
acquired the capital stock and related real estate assets of
<New Generation Inc>, a regional consumer electronics specialty
retailer.
    Terms of the acquisition were not disclosed.
    New Generation has annual sales volume of about 30 mln
dlrs, Federal Resources said.
    Federal Resources said it will search for additional
acquisitions including, but not limited to, specialty
retailers.
 Reuter
