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EXHIBIT 99.1
PRESS RELEASE
November 2, 2000 - All Star Gas Corporation offers to exchange its 12 7/8%
Senior Secured Notes Due 2000 (the "Notes").
All Star Gas Corporation announced today that it is offering to exchange an
aggregate principal amount of $50,880,000 of its 11% Senior Secured Notes Due
2003 for a like principal amount of its issued and outstanding Notes.
Consummation of the offer is subject to several conditions including the tender
of 100% of the 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.
