Printer Friendly

INDUSTRIAL HOLDINGS ANNOUNCES COMPLETION OF INITIAL PUBLIC OFFERING

   INDUSTRIAL HOLDINGS ANNOUNCES COMPLETION OF INITIAL PUBLIC OFFERING
    HOUSTON, Jan. 29 /PRNewswire/ -- Robert Cone, CEO of Industrial Holdings, Inc. (NASDAQ-NMS: IHII) announced the successful completion of an Initial Public Offering on Friday, Jan. 24.  The offering consisted of 575,000 units at $10.25 per unit, each unit consists of two shares and two warrants.  The Texas Capital Securities acted as the lead underwriter.
    Industrial Holdings, Inc.'s warrants trade with the symbols IHIIW for the Class A and IHIIZ for the Class B respectively.
    "Texas Capital Securities under the tutelage of Pat Smetek, president, did a superb job underwriting the company," said Robert Cone, chief executive officer.
    Industrial Holdings Inc., is a Texas corporation which operates a distribution subsidiary, Industrial Municipal Supply Company Inc. and anticipates acquiring Pipeline Valve Specialty Inc., a valve remanufacturing company.  It is anticipated that at least one additional acquisition will be made in 1992.
    -0-        1/29/92
    /CONTACT:  Bill Argeroplos, executive vice president of Industrial Holdings, 713-651-1116; or Pat Smetek, president of Texas Capital Securities, 713-968-7900/
    (IHII) CO:  Industrial Holdings, Inc. ST:  Texas IN: SU:  OFR SH -- NY058 -- 4773 01/29/92 13:26 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 29, 1992
Words:192
Previous Article:/C O R R E C T I O N -- DIAGNOSTEK/
Next Article:EDISON ANNOUNCES BUSINESS AND EDUCATION PARTNERSHIP FAIR


Related Articles
UCC INVESTORS ANNOUNCES RESCHEDULING OF ITS ANNUAL MEETING OF STOCKHOLDERS TO MARCH 5
UCC INVESTORS ANNOUNCES STOCKHOLDER APPROVAL OF INITIAL PUBLIC OFFERING
AMERICAN INCOME HOLDING, INC. COMPLETES RECAPITALIZATION
ABBOTT TO PURCHASE FOUR MILLION SHARES
INDUSTRIAL SCIENTIFIC CORPORATION ANNOUNCES COMPLETION OF INITIAL PUBLIC OFFERING
WILLIS CORROON GROUP PLC COMPLETES SALE OF 1.5 MILLION SHARES OF GRYPHON HOLDINGS
Gold Kist Inc. Announces a Proposed Conversion to a For-Profit Corporation.
Hertz Global Holdings, Inc. Announces Initial Public Offering.
Hertz Global Holdings, Inc. Announces Initial Public Offering.
EIG Mutual Holding Company Members to Vote on Proposed Conversion.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters