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ROADMASTER OFFERING DECLARED EFFECTIVE

    ENGLEWOOD, Colo., Aug. 5 /PRNewswire/ -- Roadmaster Industries Inc. ("RMI" or the "company") (AMEX: RDM) announced today that its Registration Statement relating to a public offering of $45,000,000 amount 8 percent convertible subordinated debentures due 2003 has been declared effective by the Securities and Exchange Commission.  The debentures have begun trading on the American Stock Exchange under the symbol RDM.D.
    The debentures are being offered at par by RAS Securities Inc., the managing underwriter.  The company has granted the underwriters an option to purchase up to an additional $6,750,000 of debentures to cover over allotments.
    The net proceeds to the company, which are estimated to be approximately $42,187,000 (excluding the over allotment), will be used to acquire the business and assets of The Flexible Flyer Co., to acquire capital equipment and expand facilities, and to increase working capital.
    Roadmaster Industries operates through its two wholly owned subsidiaries, Roadmaster Corp. ("Roadmaster") and Hamilton Lamp Corp. ("Hamilton") as well as its majority-owned subsidiary, International Sports and Fitness Inc. ("International").  Roadmaster is a leading designer and manufacturer of Roadmaster(R) junior products including, Roadmaster(R) PlaySafe(TM) swing sets, Roadmaster(R) bicycles and Vitamaster(R) fitness equipment.  Hamilton is a leading manufacturer of lamps including children's lighting products and replacement lamp shades.  International, through its wholly owned subsidiary, Roadmaster Leisure Inc., markets and distributes a broad range of sporting goods and recreational products, including Roadmaster products, in Canada.
    -0-             08/05/93
    CONTACT:  Thomas B. Olson of  Roadmaster Industries, 303-290-8150
    (RDM) CO:  ROADMASTER INDUSTRIES INC.; RAS SECURITIES INC. SU:  OFR ST:  CO


-- DV008 -- X304 08/05/93
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Publication:PR Newswire
Date:Aug 5, 1993
Words:270
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