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AMERICAN BIODYNAMICS ANNOUNCES PRIVATE PLACEMENT OF $800,000 IN RESTRICTED COMMON STOCK

 AMERICAN BIODYNAMICS ANNOUNCES PRIVATE PLACEMENT OF $800,000
 IN RESTRICTED COMMON STOCK
 TAMPA, Fla., March 31 /PRNewswire/ -- American Biodynamics, Inc. (NASDAQ: BDYNF), today announced the private placement of $800,000 of restricted common shares to an investor group of four investment funds (the "investor group") led by Lifesciences Technology Partners of Washington, D.C.
 The investor group received 320,000 restricted common shares and 160,000 common stock purchase warrants. The stock purchase warrants have a four-year life with a price starting at $6.60 per share, increasing each year.
 John V. Hargiss, president, said, "Our board of directors and management are pleased to have completed this private placement with the investor group. We continue to direct our time and attention to increasing ABI's market share in soft and hard tissue products, increasing profit margins and seeking complimentary neurosurgical and orthopedic products as an integral part of our strategy to broaden ABI's base. The funds from this private placement will be applied to general working capital purposes and will support these growth opportunities."
 American Biodynamics, Inc., provides high quality, specialty surgical products to the neuro, orthopedic, plastic and reconstructive surgical specialties. The company is chartered in British Columbia, Canada, and has its executive offices in Tampa, Fla.
 -0- 3/31/92
 /CONTACT: John V. Hargiss or Marti Bruce of American Biodynamics, 813-979-0016/
 (BDYNF) CO: American Biodynamics, Inc. ST: Florida IN: HEA SU:


GK -- NY041 -- 3320 03/31/92 10:20 EST
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Publication:PR Newswire
Date:Mar 31, 1992
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