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RHODE ISLAND PORT AUTHORITY PRICES $30 MILLION TAXABLE REVENUE BONDS TO FINANCE ALPHA-BETA TECHNOLOGY MANUFACTURING FACILITY

 WORCESTER, Mass., Feb. 5 /PRNewswire/ -- Alpha-Beta Technology, Inc. (NASDAQ: ABTI) announced today that the Rhode Island Port Authority and Economic Development Corporation has priced $30 million in taxable revenue bonds. The proceeds will be used to fund construction of Alpha- Beta's commercial manufacturing facility in Smithfield, R.I.
 The offering will close on or about Feb. 17, 1993. PaineWebber Incorporated, Fleet Securities and Lazard Freres & Co. are managing the offering.
 "The financing is a landmark agreement that represents one of the first public bond offerings for a biotechnology company," said Dr. Spiros Jamas, president and chief executive officer of Alpha-Beta. "Biotechnology companies have had to rely primarily on equity for construction of manufacturing facilities. With this financial support from the State of Rhode Island and the Rhode Island Port Authority, Alpha-Beta will construct a commercial manufacturing facility for Betafectin(tm) while conserving equity capital for the development of our existing products and for new product discovery."
 Alpha-Beta Technology, Inc. is developing proprietary carbohydrate- based products for the health care industry through the application of carbohydrate engineering. The company's major products in development include Betafectin for the treatment and prevention of infections; Cholestran(tm) for the treatment and prevention of cardiovascular disease; and Fibercel(tm), a fat substitute. Alpha-Beta's headquarters, laboratory and pilot production facilities are located in Worcester, Mass.
 -0- 2/5/93
 /CONTACT: Spiros Jamas, Sc.D., president & CEO of Alpha-Beta Technology, 508-798-6900; Robert Gottlieb, senior vice president of Feinstein Partners, 617-577-8110, for Alpha-Beta/
 (ABTI)


CO: Alpha-Beta Technology ST: Massachusetts IN: MTC SU: FNC

CH -- NE004 -- 3395 02/05/93 09:06 EST
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Date:Feb 5, 1993
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