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ALPHA-BETA TECHNOLOGY ANNOUNCES INITIAL PUBLIC OFFERING OF 2 MILLION SHARES OF COMMON STOCK AT $8.00 PER SHARE

 ALPHA-BETA TECHNOLOGY ANNOUNCES INITIAL PUBLIC OFFERING
 OF 2 MILLION SHARES OF COMMON STOCK AT $8.00 PER SHARE
 WORCESTER, Mass., Oct. 16 /PRNewswire/ -- Alpha-Beta Technology, Inc. (NASDAQ: ABTI) today announced an initial public offering of 2 million shares of its common stock at $8.00 per share.
 Alex. Brown & Sons Incorporated and Vector Securities International, Inc. are the underwriters for the offering. Alpha-Beta has granted the underwriters an option to purchase an additional 300,000 shares of common stock solely to cover over-allotments, if any.
 Alpha-Beta Technology, Inc. is developing a novel class of proprietary pharmaceutical products composed of complex carbohydrates. The company's therapeutic products under development are designed to prevent and treat infection and certain inflammatory diseases and to reduce cholesterol. The company's lead product, Betafectin(tm), is a proprietary carbohydrate immunotherapeutic targeted for the prevention and treatment of infection.
 A copy of the final prospectus may be obtained from Alex Brown & Sons Incorporated, 135 East Baltimore Street, Baltimore, MD. 21202 or Vector Securities International, Inc., 1751 Lake Cook Rd., Deerfield, IL 60015.
 BetaFectin is a trademark of the company.
 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.
 -0- 10/16/92
 /CONTACT: Dr. Spiros Jamas, president and chief executive officer, Alpha Beta Technology, 508-798-6900; or Robert Gottlieb of Feinstein Partners, 617-577-8110, for Alpha-Beta/
 (ABTI) CO: Alpha-Beta Technology ST: Massachusetts IN: MTC SU: OFR


CH -- NE002 -- 0864 10/16/92 10:40 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
Words:279
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