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EXHIBIT 99.2
PRESS RELEASE
June 30, 2000 - All Star Gas Corporation offers to exchange, and solicits
consents to amendment of, its 9% Subordinated Debentures Due 2007 (the "Notes").
All Star Gas Corporation announced today that it is offering to
exchange an aggregate principal amount of up to $9,729,000 of its 9% Accruing
Subordinated Debentures Due 2007 for a like principal amount of its issued and
outstanding Notes and soliciting consents to the amendment of the indenture
governing the Notes. Consummation of the offer is subject to several conditions
including the amendment of the indenture governing the Notes and the receipt of
consents from the holders of 66 2/3% in aggregate principal amount of the
outstanding Notes not owned by All Star Gas Corporation or its affiliates. No
assurance can be given that the transaction will be completed as proposed.
This Press Release includes "forward looking statements" within the
meaning of Section 27A of the Securities Act and Section 21E of the Exchange
Act, which represent the Company's expectations or beliefs concerning future
events that involve risks and uncertainties. There can be no assurance that such
expectations will prove to be correct. Investors and prospective investors
should read this Press Release in conjunction with the Company's periodic
reports filed with the Securities and Exchange Commission.
For additional information contact Valeria Schall, All Star Gas
Corporation, 417- 532-3103.
