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AIR-CURE ENVIRONMENTAL, INC. ANNOUNCES PUBLIC OFFERING OF 2,650,000 COMMON SHARES PRICED AT $4 PER SHARE

 MINNEAPOLIS, Dec. 16 /PRNewswire/ -- An offering of 2,650,000 Common Shares of Air-Cure Environmental, Inc. (NASDAQ: AIRE) was priced at $4 per share through underwriters led by Pennsylvania Merchant Group Ltd and Sanders Morris Mundy Inc.
 The size of the offering was increased from the originally planned offering of 2,400,000 Common Shares.
 Net proceeds from the offering will be used to fund the pending acquisition of Ceilcote Air Pollution Control, and for general working capital purposes.
 Air-Cure Environmental, Inc. designs, manufactures and markets proprietary air pollution control systems and components. These systems limit the emission of particulate and gaseous pollutants into the environment.
 -0- 12/16/92
 /CONTACT: Kam Tejwani, Chairman and CEO, Air-Cure Environmental, Inc., 612-571-0560; or Adrienne Griffith of de Petra & Associates, Inc., 612-338-7630, for Air-Cure Environmental, Inc./
 (AIRE)


CO: Air-Cure Environmental, Inc. ST: Minnesota IN: SU: OFR

KH -- MN005 -- 7618 12/16/92 10:26 EST
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Publication:PR Newswire
Date:Dec 16, 1992
Words:152
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