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MIDWESCO FILTER RESOURCES ANNOUNCES STOCK OFFERING

 NILES, Ill., Oct. 15 /PRNewswire/ -- Midwesco Filter Resources, Inc. (NASDAQ-NMS: MFRI), announced today that it filed a registration statement on From S-1 with the Securities and Exchange Commission for a public offering of 1,200,000 shares of its common stock. The net proceeds of the offering are to be used to retire indebtedness which will be incurred upon the consummation of the proposed acquisition by the company of the Perma-Pipe Division of Midwesco, Inc., which was announced earlier today. All of the shares offered are being sold by the company. The managing underwriter of the offering is The Chicago Corporation.
 Midwesco Filter Resources is a vertically integrated manufacturer and marketer of filter bags, including its proprietary Seamless Tube(TM) filter and related parts, accessories and services. The company's products and services are used primarily by operators of utility and industrial coal-fired boilers, incinerators and cogeneration plants and by producers of metals, cement, chemical and other industrial products.
 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 press release 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 state. Preliminary prospectuses may be obtained from the offices of The Chicago Corporation, 208 S. LaSalle, Chicago, Ill. 60604.
 -0- 10/15/93
 /CONTACT: David Unger, chairman of Midwesco Filter Resources, 708-966-1000, ext. 2000/
 (MFRI)


CO: Midwesco Filter Resources, Inc. ST: Illinois IN: SU: OFR

MP-SH -- NY020 -- 2650 10/15/93 10:26 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
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