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SUPRADUR RAISES $800,000 THROUGH PRIVATE PLACEMENT OF 8 PERCENT SUBORDINATED CONVERTIBLE DEBT

 RYE, N.Y., Oct. 7 /PRNewswire/ -- Supradur Companies, Inc., (NASDAQ: SUPD) announced that it has raised $800,000 through the issuance in a private placement of 8 percent subordinated convertible debt maturing in 10 years. The debt is convertible at any time into common stock of Supradur at a $1 per share conversion price. The proceeds are being used to finance the operations of Supradur and its subsidiaries. Included among the investors were officers, directors and the Netter Corporation, the principal stockholder of Supradur.
 Supradur Companies, Inc., is a diversified company with operating subsidiaries in the United States and Europe. The company's shares are traded in the over-the-counter market under the NASDAQ symbol SUPD.
 -0- 10/7/93
 /CONTACT: Alfred E. Netter, president of Supradur Companies, 914-967-8230/
 (SUPD)


CO: Supradur Companies, Inc. ST: New York IN: SU:

LG-TW -- NY063 -- 9834 10/07/93 15:04 EDT
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Publication:PR Newswire
Date:Oct 7, 1993
Words:146
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