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MOLTEN METAL TECHNOLOGY ANNOUNCES SUCCESSFUL INITIAL PUBLIC OFFERING; NET PROCEEDS TO BE USED FOR COMMERCIALIZATION

 WALTHAM, Mass., March 10 /PRNewswire/ -- Molten Metal Technology, Inc. (NASDAQ: MLTN) recently completed its initial public offering of 3,450,000 shares of common stock at $14 per share, providing $44,919,000 in net proceeds. Oppenheimer & Co., Inc. and Alex. Brown & Sons Inc. were representatives of the underwriters to the issue.
 Molten Metal Technology is an environmental technology company commercializing a unique, patented process, Catalytic Extraction Processing (CEP), for converting hazardous and non-hazardous wastes into valuable products using a molten metal bath. Molten Metal Technology's net proceeds from the offering will be used principally for construction of its initial commercial plants and for ongoing commercialization of CEP.
 -0- 3/10/93
 /CONTACT: Benjamin T. Downs, vice president, finance and administration, Molten Metal Technology, Inc., 617-487-7654/
 (MLTN)


CO: Molten Metal Technology, Inc. ST: Massachusetts IN: ENV SU: OFR

DJ -- NE005 -- 8547 03/10/93 11:04 EST
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Publication:PR Newswire
Date:Mar 10, 1993
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