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                        JAN BELL MARKETING, INC.
                              PRESS RELEASE


SUNRISE, FL. November 1/BUSINESS WIRE/ -- Jan Bell Marketing, Inc. announced
today that it is responding to the proposal made last week by Ocean Reef
Management, Inc. and has requested more information on the financing, structure
and related matters. 

Isaac Arguetty, Chairman of the Board, commented, "We've sent a letter to
Ocean Reef which will hopefully serve as a platform for a productive
discussion"


CONTACT:   Jan Bell Marketing, Inc., Sunrise, Florida
           David P. Boudreau, 954/846-2707