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BIOSYS ANNOUNCES INITIAL PUBLIC OFFERING OF COMMON STOCK

 BIOSYS ANNOUNCES INITIAL PUBLIC OFFERING OF COMMON STOCK
 PALO ALTO, Calif., March 10 /PRNewswire/ -- biosys (NASDAQ: BIOS) announced today that it has made its initial public offering of 2,600,000 shares of its common stock at a price of $12 per share. All of the shares were offered by the company, which expects to use the net proceeds from the offering for working capital to support continued commercialization of existing products, further research and development and the acquisition of capital equipment and other corporate purposes. The offering was made through an underwriting group managed by Kemper Securities Group Inc. and Vector Securities International Inc.
 biosys is a leader in the development and commercialization of environmentally safe bioinsecticides based on the beneficial nematode, a naturally occurring, microscopic organism that actively seeks out and kills harmful soil-inhabiting insects. The company's current products are used to control harmful insects affecting certain high value agricultural crops and those damaging lawns, fruit and vegetable gardens and nurseries.
 Copies of the prospectus relating to the offering may be obtained from Kemper Securities Group Inc., 333 West Wacker Dr., Chicago, Ill. 60606 or Vector Securities International Inc., 1751 Lake Cook Rd., Deerfield, Ill. 60015.
 -0- 3/10/92
 /CONTACT: Karen Kang of Regis McKenna Inc., 415-354-4432, for biosys; or Bruce Fielding of biosys, 415-856-9500/
 (BIOS) CO: biosys ST: California IN: SU: OFR


DG -- SJ001 -- 6705 03/10/92 08:01 EST
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Publication:PR Newswire
Date:Mar 10, 1992
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