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AORTECH, INC. AND ORGANETICS, LTD. CONTINUE ACQUISITION NEGOTIATION

AORTECH, INC. AND ORGANETICS, LTD. CONTINUE ACQUISITION NEGOTIATION
 ST. PAUL, Minn, Oct. 14 /PRNewswire/ -- AorTech, Inc. (NASDAQ: AORT) announced today that, in connection with its proposed acquisition of Organetics, Ltd., both companies are still negotiating the final terms of the transaction.
 Robert J. Keyport, AorTech's CEO, stated, "Although completing the due diligence process and working through the details of the acquisition have taken longer than anticipated, we are working toward a timely conclusion."
 Organetics, Ltd. of Minneapolis is a privately owned developer and manufacturer of medical products. AorTech, Inc. manufactures and markets cardiovascular products.
 -0- 10/14/92
 /CONTACT: Robert J. Keyport, (CEO), AorTech, Inc., 612-481-1208; Jeff Sites (General Manager) Organetics, Ltd., 612-786-6320; or Tom de Petra of de Petra & Associates, Inc., 612-338-7630, for AorTech, Inc./
 (AORT) CO: AorTech, Inc.; Organetics, Ltd. ST: Minnesota IN: MTC SU: TNM


KH -- MN022 -- 0074 10/14/92 16:46 EDT
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Publication:PR Newswire
Date:Oct 14, 1992
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