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AIR PACKAGING TECHNOLOGIES, INC. PRIVATELY PLACES 150,000 SHARES AT CDN $.73 PER SHARE

 VALENCIA, Calif., Oct. 22 /PRNewswire/ -- Air Packaging Technologies, Inc. (VSE: APT), designers, manufacturers and marketers of inflatable packaging, announced that, subject to regulatory approval, it has arranged a Cdn $109,500.00 private placement through the issuance of 150,000 shares at a price of Cdn $.73 per share with nontransferable share purchase warrants to purchase a further 150,000 shares of the company exercisable for two years at a price of Cdn $.73 per share if exercised during the first year and at a price of Cdn $.91 per share if exercised thereafter. The finder's fee allowed under the policies of the Vancouver Stock Exchange will be paid. The company will use the proceeds of the private placement for working capital.
 -0- 10/22/93
 /CONTACT: Henry Saltiel, president of Air Packaging Technologies, Inc., 805-294-2222/
 (APT)


CO: Air Packaging Technologies, Inc. ST: California IN: PAP SU: OFR

TM -- NY079 -- 5918 10/22/93 16:59 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
Words:157
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