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TSI CORPORATION ANNOUNCES PUBLIC OFFERING OF 2.3 MILLION SHARES OF COMMON STOCK AT $12.50 PER SHARE

TSI CORPORATION ANNOUNCES PUBLIC OFFERING OF 2.3 MILLION SHARES OF
 COMMON STOCK AT $12.50 PER SHARE
 WORCESTER, Jan. 28 /PRNewswire/ -- TSI Corporation (NASDAQ: TSIN) today announced that an offering of 2.3 million shares of common stock at a price to the public of $12.50 per share. The net proceeds from the offering will be used to expand its existing facilities and for other general corporate purposes.
 Of the 2.3 million shares being offered, 2.0 million are being offered by the company and 300,000 by certain selling shareholders other than officers and directors of the company. The offering is being managed by Cowen & Company and Montgomery Securities.
 TSI has granted to the underwriters an option to purchase up to 345,000 additional shares of common stock solely to cover over-allotments, if any.
 TSI is a life sciences company offering in vivo preclinical and toxicology testing services, human clinical and in vitro testing services, and diagnostic intermediate products. TSI is also developing advanced toxicology tests and disease models based on genetic engineering and transgenic techniques to improve the efficiency of the pharmaceutical/chemical development process.
 -0- 1/28/92
 /CONTACT: James P. Sherblom, chairman and CEO of TSI Corporation, 508-755-0550, or Robert Gottlieb of Feinstein Partners, 617-577-8110, for TSI Corporation/
 (TSIN) CO: TSI Corporation ST: Massachusetts IN: MTC SU: OFR


EG-SH -- NE004 -- 4110 01/28/92 09:50 EST
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Publication:PR Newswire
Date:Jan 28, 1992
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