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AIR EXPRESS INTERNATIONAL TO OFFER CONVERTIBLE DEBENTURES

 DARIEN, Conn., Nov. 25 ~PRNewswire~ -- Air Express International Corporation (AMEX: AEX) today announced that its board of directors has authorized management to prepare and file with the Securities and Exchange Commission a registration statement with respect to a proposed public offering in early 1993 of approximately $50 million principal amount of fifteen-year convertible subordinated debentures. The debentures will be convertible into shares of the company's common stock at a rate to be determined at the time of sale. Proceeds from the offering, which will be made only by a prospectus, will be used for general corporate purposes and will be available for acquisitions if appropriate opportunities arise.
 -0- 11~25~92
 ~CONTACT: Dennis M. Dolan, vice president and chief financial officer of Air Express International, 203-655-5713~
 (AEX)


CO: Air Express International Corporation ST: Connecticut IN: SU: OFR

TS-WB -- NY053 -- 1602 11~25~92 15:25 EST
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Publication:PR Newswire
Date:Nov 25, 1992
Words:146
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