VLG Valley Natl Gases

Valley National Gases Announces Filing of Registration Statement for Offering of 2,000,000 Shares WASHINGTON, Pa., May 12 /PRNewswire-FirstCall/ -- Valley National Gases Incorporated (AMEX:VLG) announced today that it has filed a registration statement with the SEC relating to a proposed offering of two million shares of its common stock, plus up to an additional 300,000 shares to cover over- allotments. Mr. Gary E. West, Valley's Chairman, will offer 1.6 million shares and the Company will offer 400,000 shares plus any of the 300,000 shares purchased if the over-allotment option is exercised. Mr. West is disposing of only a portion of the approximately 7 million shares that he holds. There are currently approximately 9.6 million shares issued and outstanding. Proceeds from the shares offered by the Company will be used to partially fund its business acquisition efforts. The offering will be led by BB&T Capital Markets with Robert W. Baird & Co. serving as co-manager. Although a registration statement relating to this offering has been filed with the SEC, it has not yet become effective. Mr. West's shares and the newly issued company common stock may not be sold, nor may offers to buy the common stock be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common stock 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. When available, copies of the preliminary prospectus relating to the offering may be obtained by written request directed to BB&T Capital Markets, P. O. Box 1575, Richmond, Virginia 23218. Valley National Gases, with headquarters in Washington, Pennsylvania, is a leading packager and distributor of industrial, medical and specialty gases, welding equipment and supplies, propane and fire protection equipment. Valley National Gases operates sixty three locations in eleven states, with eight production and distribution centers in the eastern United States. DATASOURCE: Valley National Gases Incorporated CONTACT: James P. Hart of Valley National Gases, +1-724-228-3000, Web site: http://www.vngas.com/

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