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American Bows Out of NATM

Madison, Wis. — American TV & Appliances, which joined the NATM Buying Corp. in December, has rescinded its membership from the buying group.

NATM said American attributed the change of heart to bad timing, and left the door open to joining the group at a later date.

“Everyone at NATM wishes American much success,” the group said in a statement.

The departure, which leaves the group with 12 regional and multiregional dealers, is the second for American, which also left NATM in 2003.