Printer Friendly

URETHANE TECHNOLOGIES ANNOUNCES COMPLETION OF ITS PUBLIC OFFERING OF COMMON STOCK

 IRVINE, Calif., April 13 /PRNewswire/ -- Urethane Technologies Inc. (NASDAQ: UTEC) today announced that it has completed the sale of 1 million shares of common stock at $10 per share. The company received proceeds from the sale Tuesday, April 6, 1993. Net proceeds were $9,141,455 before legal, accounting and printing fees. Whale Securities Co. L.P. was the lead underwriter in the offering. The company will use the proceeds to fund its operations, including product development, sales, marketing and tech support, the purchase of capital equipment and for working capital and general corporate purposes.
 Urethane Technologies develops proprietary polyurethane technology which the company licenses and sells to original equipment manufacturers. Applications now in development include airless bicycle tires, bathroom and kitchen fixtures and athletic shoe soles.
 For information on Urethane by fax, dial 800-PRO-INFO, ext. 171.
 -0- 4/13/93
 /CONTACT: Nick Farina of FRB Chicago, 312-266-7800, or Regina Ryan of FRB New York, 212-661-8030, or John H. Shaw of FRB Los Angeles, 818-783-2400, all for Urethane Technologies/
 (UTEC)


CO: Urethane Technologies Inc. ST: California IN: CPR SU: OFR

EH-JB -- LA002 -- 5075 04/13/93 09:04 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 13, 1993
Words:189
Previous Article:CHECKERS ANNOUNCES RECORD QUARTERLY REVENUES
Next Article:CLOSING OF MERGER OF STANDARD LOGIC INC. AND APPOINT INC.
Topics:


Related Articles
UTI CHEMICALS INC. ANNOUNCES COMPANY NAME CHANGE
UCC INVESTORS ANNOUNCES IT INTENDS TO FILE NEXT WEEK AN INITIAL PUBLIC OFFERING OF STOCK AND DEBT OF $700 MILLION
UCC INVESTORS ANNOUNCES FILING OF AN INITIAL PUBLIC OFFERING OF STOCK AND DEBT OF $700 MILLION
URETHANE TECHNOLOGIES INC. ANNOUNCES SIGNING OF LETTER OF INTENT
UCC INVESTORS ANNOUNCES STOCKHOLDER APPROVAL OF INITIAL PUBLIC OFFERING
URETHANE TECHNOLOGIES INC. ANNOUNCES AMENDMENT TO REGISTRATION STATEMENT
URETHANE TECHNOLOGIES POSTS SECOND QUARTER REVENUE INCREASE
URETHANE TECHNOLOGIES REPORTS FIRST QUARTER REVENUES INCREASE 63 PERCENT
URETHANE TECHNOLOGIES INC. FILES S-3 REGISTRATION STATEMENT
Arco Chemical Company Reaches Agreement For Reduced Arco Ownership

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters