1
                                                                EXHIBIT 99.1

FOR IMMEDIATE RELEASE

CONTACT:   Bernie Tessler
           Chairman and Chief Executive Officer
           (818) 854-3166

           Robert S. Kelleher
           Vice President, Chief Operating Officer and Chief Financial Officer
           (818) 854-3804


              KIDS MART, INC. ANNOUNCES SETTLEMENT WITH WOOLWORTH

City of Industry, Ca. (May 31, 1996) -- Kids Mart, Inc. (OTC:KIDM) (f/k/a Frost
Hanna Acquisition Group, Inc.) (the "Company"), a Florida corporation, today
announced that it settled its disputes and pending litigation with Woolworth
Corporation ("Woolworth") and Kinney Shoe Corporation ("Kinney").

The Company's predecessor-in-interest, LFS Acquisition Corp. ("LFS"), had
instituted a civil suit against Woolworth and Kinney in December 1995 asserting
causes of action for fraud, negligent misrepresentation and breach of contract
stemming from the acquisition (the "Acquisition") by LFS of the Kids
Mart/Little Folks business from Woolworth and Kinney on May 31, 1995. Woolworth
and Kinney denied the allegations and counter-claimed for breach of contract.

Pursuant to the terms of the Settlement Agreement, all of the parties'
respective claims against the other, including all remaining payment
obligations of LFS related to the Acquisition and the related transitional
service agreement, were released and discharged. Woolworth was issued 1,000,000
shares of a new series of the Company's convertible non-voting preferred stock.
Also, approximately $1.67 million deposited in an escrow account following the
Acquisition was released to the Company. Further, the parties agreed to extend
to October 1996 an agreement with LFS whereby Woolworth performs certain MIS
services for the Company. Management believes this settlement will have a
positive impact on the Company's results of operation for the period ended
January 27, 1996.

Bernie Tessler, Chairman and Chief Executive Officer of the Company stated that
"the settlement with Woolworth is another step towards implementing the
Company's program to revitalize Kids Mart, and it will allow the Company to
refocus its energies on doing what it does best, innovatively selling
children's clothing."

The Company is a value oriented specialty retailer of children's apparel,
located in malls and strip centers. It currently operates 296 children's apparel
stores in 20 states under the names Kids Mart (282 stores) and Little Folks
(14 stores).