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EDUCATION ALTERNATIVES, INC. 1,425,000 SHARES AT $22.25 PER SHARE

 MINNEAPOLIS, April 30 /PRNewswire/ -- Education Alternatives, Inc. (NASDAQ: EAIN) announced today that a public offering for 1,425,000 shares of its common stock was made today at $22.25 per share. Of the total, 1,268,750 shares were sold by the company and 156,250 shares by selling shareholders. The underwriting group was led by Piper Jaffray Inc. and Dain Bosworth Incorporated. The stock is currently traded on the NASDAQ system and the Boston Stock Exchange. Effective Monday, May 3, 1993, the stock will be traded exclusively on the NASDAQ National Market System.
 The company intends to use the net proceeds of the offering to finance working capital requirements related to school management contracts, to fund continued development of the company's services and products, and for other general corporate purposes.
 Education Alternatives, Inc. is in the business of providing integrated school management services and products for public schools.
 -0- 4/30/93
 /CONTACT: Frank L. Kuhar, chief financial officer of Education Alternatives, 612-832-0092/
 (EAIN)


CO: Education Alternatives, Inc. ST: Minnesota IN: SU: OFR

AL -- MN006 -- 3161 04/30/93 11:28 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
Words:184
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