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BRIO INDUSTRIES INC. MAKES ANNOUNCEMENT REGARDING 400,000 UNIT PRIVATE PLACEMENT

 VANCOUVER, British Columbia, Aug. 26 /PRNewswire/ -- Gunnar J. Vogel, chairman of Brio Industries (NASDAQ: BRIO; Vancouver: BNI), reports that, on July 29, 1993, the company announced arrangements for a 400,000 unit private placement at $4.25 per share, to raise a total of $1,700,000 for additional working capital. The company will not proceed with the private placement at this time.
 -0- 8/26/93 R
 /CONTACT: Gunnar J. Vogel of Brio Industries, 604-436-5876/
 (BRIO)


CO: Brio Industries Inc. ST: British Columbia IN: SU:

JB -- LA016 -- 6453 08/27/93 02:55 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
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