ENVIROGEN FILES INITIAL PUBLIC STOCK OFFERING
ENVIROGEN FILES INITIAL PUBLIC STOCK OFFERING LAWRENCEVILLE, N.J., June 16 /PRNewswire/ -- Envirogen, Inc.
announced today that the company has filed a registration statement with the Securities and Exchange Commission relating to an initial public offering of 1.2 million shares of common stock.
The proposed offering will be managed by Allen & Company Incorporated. Envirogen said it intends to use its net proceeds from the offering for research and development, for the purchase of laboratory and field equipment and for general working capital purposes. Envirogen is an innovative environmental biotechnology company dedicated to the business of discovering, developing, and applying new and effective solutions to the task of degrading or transforming toxic and hazardous wastes. Through its subsidiary, Vapex Environmental Technologies, Inc., the company also designs and implements vapor extraction systems for the on-site removal of organic contaminants from soils and groundwater. A preliminary prospectus relating to these securities may be obtained from Allen & Company Incorporated, 711 Fifth Ave., New York, N.Y., 10022. 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 communication 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. /delval/ -0- 6/16/92 /CONTACT: Roger J. Colley, president of Envirogen, 609-936-9300/ CO: Evirogen, Inc. ST: New Jersey IN: SU: OFR
MP-MK -- PH034 -- 0784 06/16/92 15:41 EDT
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|Date:||Jun 16, 1992|
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