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HAUSER CHEMICAL RESEARCH ANNOUNCES INTENT TO WITHDRAW ITS SECONDARY OFFERING OF 750,000 SHARES OF COMMON STOCK

 HAUSER CHEMICAL RESEARCH ANNOUNCES INTENT TO WITHDRAW ITS
 SECONDARY OFFERING OF 750,000 SHARES OF COMMON STOCK
 BOULDER, Colo., March 23 /PRNewswire/ -- Hauser Chemical Research Inc. (NASDAQ: HAUS) announced today it is in the process of withdrawing its S-2 registration statement for the sale of 1,364,318 shares of common stock (750,000 of which were to be sold in a secondary public offering after the exercise of warrants and options).
 Hauser said that current unstable market conditions and the recent stock price were unacceptable to its selling shareholders. Those shareholders believe that at current prices, Hauser's stock is undervalued.
 Hauser Chemical Research is a chemical processor, specializing in the extraction and purification of high value natural products using its proprietary technologies. Additionally, through its Technical Services Group, Hauser provides interdisciplinary laboratory testing services, chemical engineering services and contract research and development. The company is based in Boulder.
 -0- 3/24/92
 /CONTACT: William E. Paukert of Hauser Chemical Research, 303-443-4662/
 (HAUS) CO: Hauser Chemical Research Inc. ST: Colorado IN: CHM MTC SU: OFR


BB -- DV006 -- 0786 03/23/92 17:38 EST
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Publication:PR Newswire
Date:Mar 23, 1992
Words:184
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