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AGRIDYNE TECHNOLOGIES INC. ANNOUNCES INITIAL PUBLIC OFFERING

 AGRIDYNE TECHNOLOGIES INC. ANNOUNCES INITIAL PUBLIC OFFERING
 SALT LAKE CITY, Feb. 14 /PRNewswire/ -- AgriDyne Technologies Inc. announced today the initial public offering of 1,750,000 shares of its common stock by the company at a price of $10 per share. AgriDyne develops and markets environmentally-compatible botanical insecticides and plant growth enhancement products, and has recently obtained product registrations from the EPA for its first products based on azadirachtin, a broad spectrum natural insecticide derived from the seeds of the neem tree. These products include AZATECH, a product which is the basis for AgriDyne's formulated products and which AgriDyne intends to sell to others for use in the development of their own formulations, and AZATIN(tm) EC and AZATIN(tm) PLUS EC, formulations designed for the greenhouse, ornamentals, turf, and outdoor home and garden markets.
 The net proceeds from the sale of 1,750,000 shares by the company will be used to commercialize and market its EPA registered products, to support research, development and commercialization of new products, to pay costs incurred in connection with EPA and state product registration, and for working capital and general corporate purposes.
 The shares are being offered by an underwriting group managed by Piper, Jaffray & Hopwood Inc. and Dain Bosworth Inc. The shares will be traded in the over-the-counter market under the symbol AGRI, with quotations listed on the NASDAQ National Market System.
 This release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.
 A prospectus relating to the common stock may be obtained from Piper, Jaffray & Hopwood Incorporated, Piper Jaffray Tower, 222 South Ninth Street, Minneapolis, Minn. 55402; from Dain Bosworth Incoporated, 100 Dain Tower T05A, Minneapolis, Minn. 55402; or from AgriDyne, 417 Wakara Way, Salt Lake City, Utah 84108.
 -0- 2/14/92
 /CONTACT: Eric B. Hale, president and chief executive officer, AgriDyne Technologies Inc., 801-583-3500/ CO: AgriDyne Technologies Inc. ST: Utah IN: SU: OFR


RM -- SF012 -- 0370 02/14/92 16:46 EST
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Publication:PR Newswire
Date:Feb 14, 1992
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