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EV ENVIRONMENTAL COMPLETES PUBLIC OFFERING

 WESTON, Conn., March 2 /PRNewswire/ -- EV Environmental, Inc. (NASDAQ: EVEN), announced today the completion of its public offering of 350,000 units at $10 per unit, each unit consisting of one share of common stock and one warrant to purchase a share of common stock for $12, on Feb. 24, 1993, resulting in net proceeds to the company after expenses of $2.75 million.
 Approximately $1.2 million of the proceeds have been used to complete the acquisition of Pollution Control Engineering, Inc. of Santa Ana, Calif. (PCE). PCE is in similar businesses to EV, and, for the year ended Feb. 28, 1992, had revenues of $5.2 million and pro forma net earnings of $252,000.
 The remaining proceeds are to be used to retire outstanding indebtedness and other corporate purposes.
 EV Environmental, Inc. designs and supplies treatment systems for contaminated wastewater discharges. Its business strategy is based on expansion of its participation in the growing water and wastewater treatment market in the United States and Canada. In 1990 alone, U.S. capital spending for wastewater treatment was estimated to be $4.7 billion for industrial and utility companies and $2.8 billion for municipalities, and is expected to continue to show significant growth.
 EV has a very small market share and intends to pursue a business strategy of expansion through growth of existing business and acquisition of related businesses which add to its geographical and technical base. The objective of this strategy is to create an international company serving all North American markets, as well as participation in the growing export market for the company's products.
 -0- 3/2/93
 /CONTACT: Michael R. Cox, president of EV Environmental, Inc., 203-454-1019/
 (EVEN)


CO: EV Environmental, Inc. ST: Connecticut IN: ENV SU: OFR

SH-TS -- NY081 -- 2018 03/02/93 14:05 EST
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Date:Mar 2, 1993
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