Printer Friendly

INDUSTRIAL SCIENTIFIC CORPORATION FILES FOR INITIAL PUBLIC OFFERING

 OAKDALE, Pa., May 21 /PRNewswire/ -- Industrial Scientific Corporation announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of 750,000 shares of its common stock.
 Of the 750,000 shares to be offered, 375,000 will be offered by the company and the remainder will be offered by an existing shareholder, Kenton E. McElhattan, chairman of the company. The offering will be managed by Parker/Hunter Incorporated. The registration statement also contemplates that the underwriters will be granted an option to purchase up to an additional 15 percent, or 112,500 shares, from the selling shareholder solely to cover over-allotments.
 Industrial Scientific Corporation, founded in 1984, and headquartered near Pittsburgh, designs, manufactures and markets portable gas monitoring instruments for detecting, measuring and monitoring a wide variety of gases, including toxic and combustible gases and oxygen, to protect and preserve human life. The company's portable gas monitoring instruments are used by individuals for safety and industrial hygiene purposes in many different industries, often in confined spaces posing risks of asphyxiation, poisoning and explosion.
 The company's proceeds from the offering will be added to working capital and used for general corporate purposes.
 The registration statement filed with the Securities and Exchange Commission 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.
 -0- 5/21/93
 /CONTACT: Kent D. McElhattan, president and chief executive officer of Industrial Scientific Corporation, 412-788-4353/


CO: Industrial Scientific Corporation ST: Pennsylvania IN: SU: OFR

CD-JL -- PG015 -- 1378 05/21/93 18:18 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 21, 1993
Words:328
Previous Article:VENTURE STORES, INC. DECLARES QUARTERLY DIVIDENDS
Next Article:ROYAL CHARGES HOOVER STATEMENT INCORRECTLY REPRESENTED COURT PROCEEDINGS
Topics:


Related Articles
INDUSTRIAL SCIENTIFIC TO FILE S-3 REGISTRATION STATEMENT
THERMOSPECTRA CORPORATION FILES FOR INITIAL PUBLIC OFFERING OF COMMON STOCK
DR. DONALD J. MCGRAW ELECTED A DIRECTOR OF INDUSTRIAL SCIENTIFIC
THERMO SENTRON INC. FILES FOR INITIAL PUBLIC OFFERING OF COMMON STOCK
INDUSTRIAL SCIENTIFIC CORPORATION ANNOUNCES FISCAL 1995 RESULTS
INDUSTRIAL SCIENTIFIC CORPORATION ANNOUNCES FISCAL YEAR 1996 FIRST QUARTER RESULTS
Industrial Scientific Corporation Accredited by Canadian Standards Association
Industrial Scientific Corporation Announces Fiscal 1997 First Quarter Results
Industrial Scientific Corporation Announces a Dividend Of Four Cents ($.04) Per Share
Industrial Scientific Corporation Announces Second Quarter Dividend of Five Cents ($.05) Per Share

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters