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ENCAD INC. ANNOUNCES UNDERWRITERS EXERCISE OF OVER-ALLOTMENT OPTION FOR 225,000 SHARES

 SAN DIEGO, Jan. 17 /PRNewswire/ -- ENCAD Inc. (NASDAQ-NMS: ENCD) today announced the underwriters exercised the over-allotment option for 225,000 shares of Common Stock. The over-allotment option was granted to the underwriters in connection with ENCAD's initial public offering of 1,500,000 shares on Dec. 16, 1993, managed by Wedbush Morgan Securities. Following the exercise of the over-allotment option ENCAD will have 5,365,320 shares of Common Stock outstanding.
 ENCAD designs, develops, manufactures and markets large-format, color inkjet printer/plotters to increase productivity of computer applications requiring quality printed output. Typical users of these printer/plotters are in the industries utilizing computer-aided design: architectural, engineering and construction design; geographic information systems, such as surveying and mapping; and graphic arts, such as digital photo imaging and editing, sign-making, three- dimensional renderings and presentation graphics.
 Copies of the prospectus relating to the offering may be obtained from the Corporate Finance Department, Wedbush Morgan Securities, 1000 Wilshire Blvd., Los Angeles, CA 90017-2465.
 This press release shall not constitute an offer to sell or the 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 prior to registration or qualification under the securities law of any such state.
 -0- 1/17/94
 /CONTACT: David A. Purcell, president, 619-677-5198, or Carol Giesecke, CFO, 619-677-5170, both of ENCAD/
 (ENCD)


CO: ENCAD Inc. ST: California IN: CPR SU: OFR

MF-LS -- SD001 -- 2381 01/17/94 08:31 EST
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Publication:PR Newswire
Date:Jan 17, 1994
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