Pallet Recycling Associates of North America, Inc.
Proposed Ticker: PRNA
Exchange: NASDAQ-Small Cap Market Roseville, Minnesota
Industry: Manufacturing

All share information is proposed
Type of Shares:Common Shares Filing Date:4/24/96
U.S. Shares Filed:2,750,000 Filing Range:$4.00 - $6.00
Non-U.S. Shares Filed:0 Offering Amount: $13,750,000
Primary Shares:2,750,000 Expenses: -
Secondary Shares:0 Shs Out After:6,264,716

ManagerTierPhone
John G. KinnardLead Manager (612) 370-2922

Audited
Income
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Unaudited
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Prior
Unaudited
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Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company operates a network of pallet recycling companies which service the pallet needs of manufacturing, distribution, transportation and retailing companies that use pallets to move goods.

Use of Proceeds
The proceeds from the proposed offering will be used to complete pending acquisitions, finance additional acquisitions, repay outstanding debt, and for working capital and other general corporate purposes.

Last updated: 10/28/96

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