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SPECIALTY CHEMICAL RESOURCES, INC. ANNOUNCES OFFERING OF 2,400,000 SHARES

 SPECIALTY CHEMICAL RESOURCES, INC. ANNOUNCES
 OFFERING OF 2,400,000 SHARES
 CLEVELAND, Feb. 27 /PRNewswire/ -- Specialty Chemical Resources, Inc. (AMEX: CHM) announced today the offering of 2,400,000 shares of its common stock at a price of $10 per share. The shares are traded on the American Stock Exchange under the symbol "CHM."
 Furman-Selz Incorporated and First of Michigan Corporation are the lead underwriters for the offering.
 The company also announced a 1-for-14 reverse stock split of its currently outstanding shares. The reverse stock split was effective on Feb. 26, 1992. The company will have 3,408,268 shares outstanding after the offering.
 The company, through its wholly owned subsidiary Aerosol Systems, Inc., is a custom formulator and packager of specialty chemical products in aerosol containers, primarily for the automotive service and industrial maintenance markets. The company's products include cleaners, sealants, gasket components, lubricants, waxes, adhesives, paints, coatings, degreasers, polishes, anti-statics and tire inflators.
 -0- 2/27/92
 /CONTACT: Edwin M. Roth of Specialty Chemical Resources, Inc., 216-468-1380/
 (CHM) CO: Specialty Chemical Resources, Inc. ST: Ohio IN: CHM SU: OFR


KK -- CL009 -- 3338 02/27/92 14:24 EST
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Publication:PR Newswire
Date:Feb 27, 1992
Words:190
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