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AIR PACKAGING TECHNOLOGIES RETAINS L.H. ALTON TO ASSIST IN $4 MILLION TO $10 MILLION PRIVATE PLACEMENT

 VALENCIA, Calif., Oct. 25 /PRNewswire/ -- Air Packaging Technologies, Inc. (VSE: APT), designers, manufacturers and marketers of inflatable packaging, has retained L.H. Alton & Company, San Francisco, to assist the company in raising between $4 million and $10 million on a private placement basis, Henry Saltiel, president, announced today.
 Mr. Saltiel said, "Additional funding will enable us to take advantage of an outstanding opportunity to expand Air Packaging's penetration of the $2 billion packaging filler market with our inflatable Air Box(TM) product which has won top awards at packaging shows for its innovative design and waste reducing environmental benefits. Air Box provides superior protection for fragile products with a cushion of air and has only 10 percent of the bulk of conventional packaging. A portion of the funding will also help support the growth of our Puff Pac(TM) decorative inflatable gift wraps. L.H. Alton has a broad base of institutional clients interested in emerging growth investments and has been successful in helping fund companies with promising products and creative marketing plans."
 -0- 10/25/93
 /CONTACT: Henry Saltiek, president of Air Packaging, 805-294-2222/
 (APT)


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

LG-RW -- NY042 -- 6200 10/25/93 10:15 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
Words:206
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