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KINARK ANNOUNCES STOCK SALE

 TULSA, Okla., Jan. 26 /PRNewswire/ -- Kinark Corporation (AMEX: KIN, Pacific) announced today that it has completed the private sale of 206,612


shares of common stock to Altair Corporation at a price of $4.84 per share, for a total cash payment of $1 million. As a result of this sale, the privately owned Altair Corporation beneficially owns, together with its president, Garry Brainin, 15.5 percent of Kinark's stock.
 Attached is a schedule showing the stock holdings of Kinark's directors.
 Kinark Corporation, with corporate headquarters in Tulsa, operates chemical facilities in Chicago and Montgomery, Ala., and supports industrial/commercial construction and metals corrosion protection with galvanizing plants in Denver, Louisville, Nashville, St. Louis, Houston and Hurst, Texas.
 Name of Director Amount of Kinark Stock Percentage of
 outstanding stock
 Garry Brainin 642,612(A)(B) 15.5
 Paul R. Chastain 55,977(D) 1.4
 George B. Collins 442,612(C) 11.2
 John F. Guy 442,612(C) 11.2
 John H. Haley 1,000 --
 Ivan Himmel 5,800(E) 0.1
 Harry D. Jones 22,600(F) 0.6
 All directors as a group
 (7 persons) 727,989 17.3
 (A) -- Of the shown shares, 442,612 are owned of record by Altair Corporation. As a result of their positions with Altair and its affiliates, Messrs. Brainin, Collins and Guy may be deemed to be the beneficial owners of these shares, but each disclaims beneficial ownership of such shares. Information based on Schedule 13D of Altair filed with the Securities and Exchange Commission (the "SEC"). Altair's business address is 350 Barclay Boulevard, Lincolnshire, Ill. 60069.
 (B) -- Includes 200,000 shares which are subject to purchase within 60 days after Jan. 26, 1993, upon completion of stock options by Mr. Brainin at an exercise price of $5.5625 per share.
 (C) -- Excludes the 200,000 shares which are subject to Mr. Brainin's stock option described in (B) above.
 (D) -- Mr. Chastain holds stock options, exercisable within 60 days after Jan. 26, 1993 to acquire 45,000 shares.
 (E) -- Information based on Schedule 13D of Maritime Partners, Maritime Construction Co., and Epstein Financial Corporation filed with the SEC. According to their Schedule 13D, these entities share voting and investment power with respect to these shares. Mr. Himmel is president, chief executive officer and a director of Maritime Construction Co.
 (F) -- Mr. Jones holds stock options, exercisable within 60 days after Jan. 26, 1993, to acquire 5,000 shares.
 -0- 1/26/93
 /CONTACT: Carolyn A. Fredrich of Kinark Corporation, 918-494-0964/
 (KIN)


CO: Kinark Corporation ST: Oklahoma IN: CHM SU:

KD-TS -- NY101 -- 9250 01/26/93 16:12 EST
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Publication:PR Newswire
Date:Jan 26, 1993
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