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AMERICAN EDUCATIONAL PRODUCTS ANNOUNCES INTENT TO FILE SECONDARY OFFERING; CAPITAL TO RETIRE HIGHER COST DEBT

 AMERICAN EDUCATIONAL PRODUCTS ANNOUNCES INTENT TO FILE
 SECONDARY OFFERING; CAPITAL TO RETIRE HIGHER COST DEBT
 BOULDER, Colo., June 17 /PRNewswire/ -- American Educational Products, Inc. (NASDAQ: AMEP) announced today that it expects to make a public offering of
1,290,000 shares of common stock through a registered offering. The company intends to file a registration statement with the Securities and Exchange Commission by the end of July. This announcement is not an offering which can be made only by means of a prospectus. Of the total shares, 1,200,000 are to be offered by the company and 90,000 by selling shareholders.
 Paul D. Whittle, CEO, said that there are three primary purposes for the offering, "First, to repay debt and redeem securities issued in connection with the acquisition of Hubbard Scientific in August, 1991; secondly, to provide additional working capital; and thirdly, to increase the number of shares outstanding while improving the liquidity of the company in the market."
 American Educational Products, Inc. is the only publicly traded company which specializes solely in the manufacture, design and distribution of mathematics, science and early childhood educational materials. The company products, which are known as interactive manipulatives, target students who range in age from pre-school through high school.
 American Educational Products' headquarters is located in Boulder and has three wholly owned subsidiaries: Scott Resources, Hubbard Scientific and Summit Learning.
 -0- 6/17/92
 /CONTACT: Paul D. Whittle, president, John E. Panasewicz, CFO, 303-443-0020, both of American Educational Products, or (financial) Anthony DiMaio of Anthem Communications, 212-943-8998, for American Educational Products/
 (AMEP) CO: American Educational Products Inc. ST: Colorado IN: SU: OFR


SM-TS -- NY010 -- 0935 06/17/92 08:32 EDT
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Publication:PR Newswire
Date:Jun 17, 1992
Words:280
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