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AMERICAN PACIFIC CORP. SIGNS LETTER OF INTENT ON $4 MILLION LAND SALE

 LAS VEGAS, Aug. 2 /PRNewswire/ -- American Pacific Corp. (NASDAQ: APFC) today announced that has signed a letter of intent with a major firm for the sale of 60 acres of land in Gibson Business Park, located in Henderson, Nev., for $4 million. The transaction is scheduled to close before the end of the current fiscal year, Sept. 30, 1993. The closing is, however, subject to the purchaser's completion of a comprehensive due diligence investigation and the negotiation mutually acceptable definitive agreements and other conditions. There can be no assurance that the required conditions will be satisfied, or that the transaction will close as scheduled.
 American Pacific's principal business activities consist of the production of chlorate and perchlorate chemicals, including chiefly ammonium perchlorate, the oxidizer utilized in composite solid rocket propellants employed in a large number of space and military systems; the design and manufacture of environmental protection products; and real estate development. The company is also at the forefront of two developing specialty chemical markets: the manufacture of sodium azide, principally used in automotive airbag systems, and the production of Halotron as a replacement for ozone-depleting halons in fire extinguishment systems worldwide.
 -0- 8/2/93
 /CONTACT: Scott A. Brooks, director, investor relations of American Pacific, 702-735-2200/
 (APFC)


CO: American Pacific Corp. ST: Nevada IN: CHM SU: TNM

JB -- LA018 -- 8299 08/02/93 10:58 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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