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O'BRIEN UNDERWRITERS EXERCISE OVERALLOTMENT OPTION TO PURCHASE 585,300 SHARES

 O'BRIEN UNDERWRITERS EXERCISE OVERALLOTMENT OPTION
 TO PURCHASE 585,300 SHARES
 PHILADELPHIA, Jan. 20 /PRNewswire/ -- O'Brien Environmental Energy, Inc. (AMEX: OBS), a leading energy project developer, today announced its underwriters exercised their rights under the overallotment option to purchase 585,300 additional shares as part of the company's offering of common stock which became effective on Dec. 20, 1991. As a result, the offering totaled 4,585,300 shares at a price of $4 per share, including 727,272 shares sold by Frank L. O'Brien III, chairman.
 Managing underwriters of the offering were Montgomery Securities, Advest, Inc., and C L King & Associates.
 -0- 1/20/92
 /CONTACT: Hal LeVay of Porter, LeVay & Rose, 212-564-4700, for O'Brien Environmental Energy/
 (OBS) CO: O'Brien Environmental Energy, Inc. ST: Pennsylvania IN: UTI SU:


TS-GK -- NY018 -- 1347 01/20/92 10:15 EST
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Publication:PR Newswire
Date:Jan 20, 1992
Words:137
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