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HAUSER CHEMICAL RESEARCH ANNOUNCES PUBLIC OFFERING

 HAUSER CHEMICAL RESEARCH ANNOUNCES PUBLIC OFFERING
 BOULDER, Colo., Oct. 16 /PRNewswire/ -- Hauser Chemical Research


Inc. (NASDAQ: HAUS) announced the public offering today of 1,759,063 shares of common stock at $18.25 per share. Of the 1,759,063 shares, 600,000 are being sold by the company and 1,159,063 are being sold by selling shareholders. The Underwriters of the offering, being managed by Dain Bosworth Inc. and First Analysis Securities Corp., have been granted a 30-day option to purchase up to 237,500 additional shares of common stock from the company and certain selling shareholders.
 The company intends to use $13.2 million of net proceeds to be received by it from the sale of shares and exercise of warrants and options to finance expansion of the company's business. This includes approximately $5.5 million to fund expenditures for capital equipment to expand taxol production capacity at the Airport facility and Gunbarrel facility and $2 million to fund expenditures to purchase and equip a facility dedicated to its flavor production work.
 Hauser Chemical Research is a chemical processor, specializing in the extraction and purification of high value natural products using its proprietary technologies. The company provides interdisciplinary laboratory testing services, chemical engineering services and contract research and development through its Hauser Laboratories Division. The company is based in Boulder.
 NOTE: This Announcement shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state.
 -0- 10/16/92
 /CONTACT: William E. Paukert of Hauser Chemical Research, 303-443-4662/
 (HAUS) CO: Hauser Chemical Research Inc. ST: Colorado IN: MTC SU: OFR


BB -- DV003 -- 0859 10/16/92 10:32 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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