EXHIBIT 99.1
                                     
                                     
                                     
               Nu-kote Files for Protection Under Chapter 11


     FRANKLIN, Tenn., Nov. 6 /PRNewswire/ -- Nu-kote Holding, Inc. (OTC
Bulletin Board:  NKOT) said today that the Company and certain of its
subsidiaries have filed voluntary petitions for protection under Chapter 11
of the United States Bankruptcy Code in the United States Bankruptcy Court
for the Middle District of Tennessee in Nashville.

     The Company believes that today's filing is in the best interests of
the Company, its creditors, and other constituencies. Nu-kote has struggled
financially under its current debt obligations which, in turn, has impacted
the Company's ability to operate at full potential.

     Nu-kote has approximately $140 million of indebtedness under its
credit facilities.

     Currently, the Company has no plans to close plants or other
facilities. Nu-kote believes that its filing will not lead to any material
delays in the production and/or distribution of products.

     Certain statements in this news release may constitute "forward-
looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements may involve known and
unknown risks and other factors, many of which are described in Nu-kote's
Form 10-K and other filings with the Securities and Exchange Commission,
which may cause the actual results or achievements expressed or implied
thereby to be materially different from such forward-looking statements. In
addition, all forward-looking statements relating to Nu-kote's efforts to
successfully reorganize under Chapter 11, are subject, among other things,
to the formulation by Nu-kote of an acceptable reorganization plan, the
consent of certain of its creditors and other security holders to such
plan, and bankruptcy court approval of such plan of reorganization.

     Through its operating subsidiaries, Nu-kote produces supplies for
printers, copiers, fax machines and ink jet printers, sold primarily in
North America and Europe.

SOURCE    Nu-kote Holding, Inc.

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/CONTACT: Phillip L. Theodore, Chief Financial Officer of Nu-kote Holding,
          800-448-1422, or 615-794-9000, Extension 502, or Jack Maddigan of
          Maddigan Communications, 412-344-9050, for Nu-kote Holding/(NKOT)

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