Lason, Inc. Announces Public Offering Of 4,000,000 Shares Of Common Stock

Business Wire, August 22, 1997

TROY, Mich.--(BUSINESS WIRE)--Aug. 22, 1997--Lason, Inc. ("Lason" or the "Company") (Nasdaq NM: LSON) announced today the completion of a public offering of 4,000,000 shares of its common stock at a price of $25.00 per common share. Of the 4,000,000 shares of Common Stock in the offering, 2,200,000 are being offered by Lason and 1,800,000 are being offered by certain stockholders of the Company (the "Selling Stockholders"). The offering is being managed by Robertson, Stephens & Company LLC, William Blair & Company, L.C.C. and The Robinson-Humphrey Company, Inc.

The Company intends to use the net proceeds of the offering to repay indebtedness incurred under the Company's credit agreement, which has been principally used to finance acquisitions. The Company will not receive any proceeds from the sale of common stock by the Selling Stockholders.

Lason provides integrated outsourcing services for records management, document management and business communications. The Company principally serves customers in the manufacturing, healthcare, financial services and professional services industries.

A final prospectus relating to these securities may be obtained from Robertson, Stephens & Company LLC at 555 California Street, Suite 2600, San Francisco, California 94104, (415) 781-9700; or William Blair & Company, L.C.C. at 222 West Adams Street, Chicago, Illinois 60606, (312) 236-1600; or The Robinson-Humphrey Company, Inc. at Atlanta Financial Center, 333 Peachtree Road, Atlanta, Georgia 30326, (404) 266-6000.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. 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 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 or jurisdiction.

CONTACT: Lason, Inc., Troy

William J. Rauwerdink, 248/597-5800