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NATIONAL TIRE SERVICES, INC. ANNOUNCES INITIAL PUBLIC OFFERING

 MINNEAPOLIS, May 12 /PRNewswire/ -- National Tire Services, Inc. announced today the initial public offering of 2,000,000 shares of common stock at a price of $3 per share. The shares will be sold to the public by Summit Investment Corporation. Summit has been granted an option to purchase up to an additional 300,000 shares to cover over- allotments.
 Net proceeds from the offering will be used to reduce debt and other obligations and for general corporate purposes, including the acquisition of American Tire Products Corporation, and an Illinois-based waste tire collector and reseller.
 National Tire Services, Inc. is an environmental services company engaged in the abatement, collection, resale and recycling of used tires in the Upper Midwest.
 These securities are offered for sale solely pursuant to the prospectus, a copy of which may be obtained from Summit Investment Corporation, International Centre, Suite 500, 900 Second Avenue South, Minneapolis, Minn. 55402. This press release shall not constitute any 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- 5/12/93
 /CONTACT: Terry C. Miller of National Tire Services, 612-425-6966, or Thomas P. Niemiec of Summit Investment Corporation, 612-338-1400/


CO: National Tire Services, Inc. ST: Minnesota IN: SU: OFR

AL -- MN008 -- 7615 05/12/93 13:09 EDT
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Publication:PR Newswire
Date:May 12, 1993
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