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COATING SCIENCES FILES INITIAL PUBLIC OFFERING OF COMMON STOCK

 COATING SCIENCES FILES INITIAL PUBLIC OFFERING OF COMMON STOCK
 BLOOMFIELD, Conn., May 4 /PRNewswire/ -- Coating Sciences, Inc. announced that it filed an S-1 registration statement with the Securities and Exchange Commission for an initial public offering of 2,000,000 shares of common stock at an expected price range of $9 to $11 per share. Application will be made to have the common stock traded on the NASDAQ National Market System under the symbol "COAT." Half of the shares are being sold by the company and the remaining half will be sold by a selling shareholder. PaineWebber Incorporated and Ladenburg, Thalmann & Co., Inc. are lead managing the underwriting.
 Coating Sciences designs and manufactures specialty adhesive film systems for sale primarily to makers of industrial, graphic arts, and medical and surgical products. The company's products consist of pressure sensitive and heat reactive adhesives in thin film or tape form and are used in a wide range of applications.
 The company has originated over 500 customized and specialty adhesive systems.
 The company intends to use the net proceeds of the offering to finance the acquisition and construction of a new manufacturing facility, laboratory and corporate offices, to purchase capital equipment, to repay indebtedness and for general corporate purposes.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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.
 Copies of the preliminary prospectus may be obtained from PaineWebber Incorporated, 1285 Avenue of the Americas, New York, NY 10019, or by contacting Edward Meyercord at 212-713-1135.
 -0- 5/4/92
 /CONTACT: Steve Lennon of Coating Sciences, 203-243-3700/
 (COAT) CO: Coating Sciences Inc. ST: Connecticut IN: SU: ERN


TQ -- NY024 -- 5879 05/04/92 09:20 EDT
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Publication:PR Newswire
Date:May 4, 1992
Words:360
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