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EXHIBIT 99.1
PRESS RELEASE
January 3, 2001 - All Star Gas Corporation announced today that it has extended
the period during which the Offer to Exchange (the "Offer") dated November 2,
2000 with respect to its 12 7/8% Senior Secured Notes due 2000 (the "Senior
Notes") is open.
The Offer expires at 5:00 p.m., Eastern Standard time, on January 17,
2001 (the "Expiration Date"). As of 5:00 p.m., Eastern Standard time, December
1, 2000, the entire $50,880,000 outstanding principal amount of the Senior Notes
had been tendered, and as of 3:00 p.m., Eastern Standard time, January 3, 2001,
$60,000 of the tenders of the Senior Notes had been withdrawn. Tenders of Senior
Notes pursuant to the Offer may be withdrawn at any time prior to the Expiration
Date.
This press release contains statements that are forward looking. These
statements are not projections or assured results.
For additional information contact Valeria Schall, All Star Gas
Corporation, 417- 532-3103.
