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HAUSER CHEMICAL RESEARCH FILES REGISTRATION STATEMENT

 HAUSER CHEMICAL RESEARCH FILES REGISTRATION STATEMENT
 BOULDER, Colo., Sept. 25 /PRNewswire/ -- Hauser Chemical Research


Inc. (NASDAQ: HAUS) has filed a registration statement with the Securities and Exchange Commission today for an underwritten public offering of 1,250,000 shares of common stock, of which 950,000 shares are to be sold by selling stockholders and 300,000 are to be sold by the company. None of Hauser's directors and officers will be selling stockholders in the offering.
 The common stock sold by selling stockholders will be offered by a group of underwriters managed by Dain Bosworth Inc. and First Analysis Securities Corp.
 The company intends to use $7.5 million of net proceeds to be received by it from the sale of shares and exercise of warrants and options to finance expansion of the company's business. This includes approximately $5.5 million to fund expenditures for capital equipment to expand taxol production capacity at the Airport facility and Gunbarrel facility and $2 million to fund expenditures to purchase and equip a facility dedicated to its flavor production work.
 An aggregate of 950,000 shares are being offered by certain selling stockholders, including 915,332 shares held by affiliates of Advent International Corp.(Advent). As part of the offering, Advent has agreed to convert 1,200,000 shares of Series A Preferred Stock into 1,200,000 shares of common stock prior to the closing of the offering. Advent will retain approximately 9.7 percent of the company's outstanding shares after the offering on a fully diluted basis which represents 51 percent of their original position.
 The company simultaneously is registering 1,704,072 shares of common stock for issuance on exercise of outstanding warrants and options. Selling stockholders will sell 708,918 of such shares in the public offering, including 674,250 shares being sold by Advent. Advent is also selling 241,082 shares from its converted preferred position which accounts for the total of 950,000 shares being sold. Assuming completion of the offering and conversion of the Series A Preferred Stock, there will be approximately 10 million shares of common stock outstanding on a fully-diluted basis.
 Hauser Chemical Research is a chemical processor, specializing in the extraction and purification of high value natural products using its proprietary technologies. The company provides interdisciplinary laboratory testing services, chemical engineering services and contract research and development through its Hauser Laboratories Division. The company is based in Boulder.
 A registration relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute 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 laws of any state.
 -0- 9/25/92
 /CONTACT: William E. Paukert or Dean P. Stull of Hauser Chemical Research, 303-443-4662/
 (HAUS) CO: Hauser Chemical Research Inc. ST: Colorado IN: MTC SU:


MC -- DV006 -- 3604 09/25/92 15:48 EDT
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Publication:PR Newswire
Date:Sep 25, 1992
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