Server: Netscape-Enterprise/2.01 Date: Mon, 29 Dec 1997 18:08:38 GMT Content-type: text/html
June 7, 1996 NASDAQ: AGSV
Contact: Brad Schlotfeldt
Phone No. (319) 277-0261
or (800) 395-8505
Fax No. (319) 277-0144
http://www.agservices.com
On June 7, 1996, Ag Services of America, Inc. called for conversion or redemption all of its outstanding 7% Convertible Subordinated Debentures due 2003 (the "Debentures"). The $13.8 million of Debentures are convertible into Common Stock at a conversion price of $9.25 per share. If all Debentures are converted, the Company will issue 1,491,891 shares of its Common Stock upon conversion. The Company has set July 10, 1996 as the redemption date.
The Paying and Conversion Agent is Norwest Bank Minnesota, N.A. and can be reached at (800) 344-5128.
Ag Services of America, Inc. supplies farm inputs including seed,
fertilizer, agricultural chemicals, crop insurance, and cash advances
for land rent, fuel, and irrigation to farmers primarily in the
central United States.