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INTERNATIONAL TECHNOLOGY CORP. ANNOUNCES FILING OF REGISTRATION STATEMENT FOR A PROPOSED CONVERTIBLE PREFERRED STOCK OFFERING

 TORRANCE, Calif., July 14 /PRNewswire/ -- International Technology Corp. (NYSE: ITX) (IT) announced today that it has filed with the Securities and Exchange Commission a registration statement for a proposed public offering of 2,400,000 Depositary Shares, each representing 1/100 of a share of Cumulative Convertible Exchangeable Preferred Stock and having a proportional liquidation value of $25 per Depositary Share. The $60 million offering is being made through Smith Barney, Harris Upham & Co. Inc. The net proceeds of the offering will be used by the company to reduce outstanding indebtedness by redeeming, at par value, a portion of its outstanding 9-3/8 percent Senior Notes due 1996, paying down amounts under its revolving credit facility and for general corporate purposes.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. 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 laws of any such state.
 When available, a prospectus relating to these securities may be obtained from Smith Barney, Harris Upham & Co. Inc., 110 Wall Street, New York, N.Y. 10005.
 International Technology Corp., based in Torrance, is a leading environmental management company providing services to government and industry. The company's common stock is traded on the New York Stock Exchange under the symbol ITX.
 -0- 7/14/93
 /CONTACT: Anthony J. DeLuca or Pat Boldt of International Technology, 310-378-9933/
 (ITX)


CO: International Technology Corp. ST: California IN: SU:

BP-EH -- LA025 -- 1620 07/14/93 17:03 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
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