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THE GNI GROUP SHARES PRICED AT $8.25 PER SHARE

 HOUSTON, March 25 /PRNewswire/ -- The GNI Group, Inc. (NASDAQ: GNUC) announced today that on March 24, 1993 the Securities and Exchange Commission declared the Company's Registration Statement on Form S-1 effective in connection with a public offering of 1,600,000 shares of its common stock.
 The offering consists of 1,100,000 primary shares and 500,000 shares offered by certain selling stockholders. The offering is being managed by Raymond James & Associates, Inc. The company and certain of the selling stockholders have granted to the underwriters an overallotment option to purchase up to an additional 240,000 shares during the next 30 days.
 The company intends to use the net proceeds from the offering to construct certain additions to the company's chemical recovery facility, to reduce its debt, and for general corporate purposes.
 The GNI Group, Inc. provides specialized chemical recovery and processing services and treats and disposes of hazardous and non- hazardous waste and by-product streams. The company's principal services include the recycling and processing of chemicals and related by-products; the disposal by deepwell injection of liquid industrial wastes; and the treatment and final disposal of a variety of waste and by-product streams. Its principal executive offices are located at 2525 Battleground Road, Deer Park, Texas 77536.
 -0- 3/25/93
 /CONTACT: Titus H. Harris III, executive VP and CFO of The GNI Group, 713-930-0350; or Pat Hoyt of Hoyt & Associates, 713-665-2549, for The GNI Group/
 (GNUC)


CO: The GNI Group, Inc. ST: Texas IN: ENV SU:

WB -- NY047 -- 9574 03/25/93 12:05 EST
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Publication:PR Newswire
Date:Mar 25, 1993
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