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AIR PACKAGING TECHNOLOGIES PRIVATELY PLACES 200,000 SHARES AT CDN $.73 A SHARE

 VALENCIA, Calif., Oct. 25 /PRNewswire/ -- Air Packaging Technologies, Inc. (VSE: APT), designers, manufacturers and marketers of inflatable packaging, announced that, subject to regulatory approval, it has arranged a Cdn. $146,000 private placement through the issuance of 200,000 shares at a price of Cdn $.73 per share with non-transferable share purchase warrants to purchase a further 200,000 shares of the company's shares exercisable for two years at a price of Cdn $.73 per share if exercised during the first year and at a price of Cdn $.91 per share if exercised thereafter. The finder's fee allowed under the policies of the Vancouver Stock Exchange will be paid. The company will use the proceeds of the private placement for working capital.
 -0- 10/25/93
 /CONTACT: Henry Saltiel, president of Air Packaging Technologies, 805-294-2222/
 (APT.)


CO: Air Packaging Technologies, Inc. ST: California IN: PAP ENV SU: OFR

LG-TW -- NY074 -- 6358 10/25/93 13:07 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
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