ATHENA Medical Corp. announces international contracts.

PORTLAND, Ore.--(HealthWire)--April 1, 1996--ATHENA Medical Corp. (Bulletin Board:AFEM) Monday announced that it has shipped $144,000 of the company's Fresh 'n Fit Padettes and has received three additional purchase orders from China's largest cosmetic products manufacturing company located in Shanghai, China. The purchase orders are for $1,413,500 of Padettes to be delivered between June and December of this year. Payments will be made by letter of credit.

The company also announced Monday that it has signed a letter of intent with Pinturas Condor, a large, established consumer products company with headquarters in Quito, Ecuador, for the exclusive distribution of the company's products in Ecuador, Colombia, Venezuela and Peru.

Pursuant to the letter of intent, Condor has agreed to purchase at least $895,500 of Padettes during the first three years of the contract. The company expects to enter into a definitive agreement with Condor in the next few weeks.

``We believe that these agreements are an important milestone in implementing our international distribution strategy,'' says William H. Fleming, ATHENA's president.

ATHENA Medical was founded in 1986 to develop, manufacture and market feminine health-care products and cancer diagnostics on a worldwide basis. Its headquarters and manufacturing facilities are at 10180 S.W. Nimbus Ave., Suite J-5, Portland, Ore. 97223; 503/968-8800; fax [phone]; and the Florida office is at 4 Sawgrass Village, Suite 220 B, Ponte Vedra, Fla. 32082. -0-

Note to Editors: For additional information on ATHENA Medical, visit their investor relations site at http://www.businesswire.com/cnn

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