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ULTRA PAC COMMENCES PUBLIC OFFERING OF COMMON STOCK

 ULTRA PAC COMMENCES PUBLIC OFFERING OF COMMON STOCK
 MINNEAPOLIS, May 14 /PRNewswire/ -- Ultra Pac, Inc. (NASDAQ: UPAC)


today announced the public offering of its common stock has commenced through an underwriting syndicate managed by Craig-Hallum, Inc. The financing consists of 600,000 shares of common stock at $10.75 per share. This reflects an increase of 100,000 from the company's original plan. After the sale of the 600,000 shares offered, the company will have 3,695,915 shares outstanding. The underwriters also have an overallotment option to acquire an additional 50,000 shares.
 The proceeds of the sale of common stock will be used for general working capital purposes and to support the expansion of the company's business.
 This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the prospectus may be obtained from Craig-Hallum, Inc. or other syndicate members.
 Ultra Pac, Inc., based in Rogers, Minn., designs, manufactures and markets packaging products primarily for the food industry.
 -0- 5/14/92
 /CONTACT: Calvin Krupa or Bradley C. Yopp, 612-428-8340, both of Ultra Pac, or Tom de Petra or Christopher Sellwood of de Petra & Associates, 612-338-7630, for Ultra Pac/
 (UPAC) CO: Ultra Pac, Inc. ST: Minnesota IN: SU: OFR


AL -- MN017 -- 0400 05/14/92 16:10 EDT
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Publication:PR Newswire
Date:May 14, 1992
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