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AIR METHODS COMPLETES $7.2 MILLION FINANCING THROUGH PRIVATE PLACEMENT OF EQUITY SECURITIES

 DENVER, Feb. 3 /PRNewswire/ -- Air Methods Corp. (AMEX: ARF.EC) today announced the completion of a total of approximately $7.2 million in equity financing through its private placement of common stock and warrants to purchase additional common stock. Sands Brothers & Co. Ltd. of New York, acted as placement agent in this financing.
 As recently announced, additional demand for this offering caused the company and Sands Brothers to increase the originally-established maximum offering amount from $5 million to over $7 million. The proceeds generated by this financing will be used to complement the company's working capital base and, to the extent practicable, further retire a portion of the company's long-term debt.
 Air Methods is the largest exclusive provider of state-of-the-art emergency air medical transportation systems and services to hospitals throughout the United States. Air Methods now serves 43 hospitals in 12 states under 19 dedicated long-term operating agreements. The company utilizes only IFR-certified pilots and aircraft including 28 helicopters and five airplanes, to perform these services. In addition, Air Methods offers completely integrated airborne medical systems for administering intensive care to patients while flying to a trauma center or a tertiary care facility, either from any outlying hospital or the scene of an accident.
 -0- 2/3/93
 /CONTACT: W. Terrance Schreier, William H. Critchfield of Air Methods, 303-790-0587/
 (ARF)


CO: Air Methods Corp. ST: Colorado IN: AIR SU:

BB -- DV001 -- 2210 02/03/93 08:00 EST
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Publication:PR Newswire
Date:Feb 3, 1993
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