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AETRIUM INCORPORATED COMPLETES INITIAL PUBLIC OFFERING

 ST. PAUL, Minn., Aug. 19 /PRNewswire/ -- Aetrium Incorporated (NASDAQ: ATRM) announced today that it has completed its initial public offering of 1,500,000 shares of common stock. Shares were offered at $8.75 per share.
 The company and selling stockholders granted additional purchase rights to the underwriters, Dain Bosworth, Incorporated and John G. Kinnard and Company, Incorporated, of 168,750 shares and 56,250 shares, respectively, to cover over-allotments.
 The offering raised approximately $10 million for Aetrium. Net proceeds will be used to retire long-term debt, for working capital and general corporate purposes.
 Aetrium designs, manufactures and markets electromechanical handling equipment used in testing and other manufacturing processes for packaged integrated circuit semiconductor devices (ICs). Aetrium products include a broad line of test handlers as well as automation handling modules that are marketed under the trade name Versatus. Aetrium sells products to semiconductor manufacturers and other equipment manufacturers on a worldwide basis.
 -0- 8/19/93
 /CONTACT: Darnell Boehm, chief financial officer of Aetrium, 612-770-2000/
 (ATRM)


CO: Aetrium Incorporated ST: Minnesota IN: CPR SU: IPO

DB-DS -- MN014 -- 4441 08/19/93 15:35 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
Words:185
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