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ENVIROGEN FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING

 LAWRENCEVILLE, N.J., July 2 /PRNewswire/ -- Envirogen, Inc. (NASDAQ: ENVG) announced today that it filed a registration statement with the Securities and Exchange Commission relating to a public offering of 1.5 million units, each unit consisting of one share of common stock and one warrant to purchase one-half of one share of common stock.
 The proposed offering will be co-managed by Allen & Company Incorporated and D. Blech & Company, Incorporated. Envirogen said it intends to use its net proceeds from the offering for research and development and other 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. The company also designs and implements vapor extraction systems under the trade name VAPEX and other integrated systems for the on-site treatment 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, or D. Blech & Company, Incorporated, 599 Lexington 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/
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 /CONTACT: Gale T. Smith of Envirogen, 609-936-9300/
 (ENVG)


CO: Envirogen, Inc. ST: New Jersey IN: ENV SU: OFR

CC-LJ -- PH037 -- 8326 07/02/93 17:20 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
Words:311
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